Maxeon Solar Technologies Ltd (NASDAQ:MAXN) shares are trading higher by 11% to $0.20 during Wednesday's session after the company was granted U.S. Patent #12027636 for "Protection Coating For Solar Cell Wafers".

A new patent indicates innovation and technological advancement. The patented protection coating for solar cell wafers could improve the efficiency, durability, or cost-effectiveness of Maxeon's solar cells, potentially giving the company a competitive edge in the market.

Patents are also valuable assets that can enhance a company's intellectual property portfolio. Owning proprietary technology can protect Maxeon from competitors, potentially leading to licensing opportunities or partnerships, further boosting revenue prospects.

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How To Buy MAXN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Maxeon Solar Technologies' case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, MAXN has a 52-week high of $29.41 and a 52-week low of $0.17.