Albuquerque – More bad news for the company behind Governor Michelle Lujan Grisham’s $600 million taxpayer-funded solar proposal. Maxeon Solar announced today they expect sales in the 3rd quarter of 2024 to “decline significantly” while their stock cratered to 9 cents per share. In August 2023,  Governor Lujan Grisham celebrated Maxeon Solar’s “investment” in a new Albuquerque-based manufacturing facility with a promise it would break ground in the first quarter this year. Construction on the facility has yet to begin despite Governor Lujan Grisham offering $600 million in incentives.

“New Mexico’s taxpayers should not be spending a single penny, which is about all Maxeon is worth these days, on this boondoggle,” said Larry Behrens, Communications Director for Power The Future. “It’s now even more clear that the Governor and her cronies who rushed this project through the approval process were so blinded by their agenda that they applied zero scrutiny. New Mexicans deserve better leaders than those who who make bad deals and offer false promises.”

In addition to Governor Lujan Grisham, the controversial project was also celebrated by Senator Martin HeinrichCongressman Gabe Vasquez, and Congresswoman Melanie Stansbury.

Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.

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