Fenix 7s Solar shuts off in cold weather

Hi. My Fenix 7s Solar has been randomly shutting off for the past few weeks, especially when exposed to the "cold" (temperatures still well above freezing!).

I first noticed this behavior about 6-8 weeks ago when I wanted to save a run, but since then I have also had several occasions where the watch just shut off in the middle of an activity (running, hiking, cyclocross). There was no direct correlation to the battery status, this happened at random points between 10 and 50 percent of the remaining battery life.

When I tried to restart it, it immediately shut down again. Activity was recorded until the watch shut down, and can be recovered afterwards.
Its software is up to date (19.41).