Maxeon Solar Technologies

Maxeon Solar Technologies Ltd. engages in the manufacturer and marketer of premium solar power technology. Its products include Maxeon Line of IBC solar cells and panels, and the Performance Line of shingled solar cells and panels. The firm owns and operates solar cell and panel manufacturing facilities located in France, Malaysia, Mexico and the Philippines, as well as participate in a joint venture in China with TZS. The company was founded in 2019 and is headquartered in Singapore.

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Maxeon Solar Technologies excels in Q4, eyes growth opportunities

Maxeon Solar Technologies delivered strong financial performance in Q4 2022, with a focus on margin improvement and revenue growth. The company's strategic initiatives in distributed generation and utility-scale segments are driving market share gains and ASP increases. Challenges include navigating regulatory changes and potential impacts of domestic content requirements.

Maxeon Solar Technologies surpasses Q1 projections, eyes US expansion

Maxeon Solar Technologies had a strong Q1, exceeding financial projections and maintaining margins in key markets. While facing challenges in the US DG market, the company is focused on growth opportunities and technology leadership to drive future success.

Maxeon Solar reports robust Q2 growth, eyes expansion opportunities

Maxeon Solar Technologies showcased strong financial performance with revenue growth and adjusted EBITDA in Q2, despite market challenges.
The company's strategic strengths lie in its U.S. utility-scale sector exposure, premium market focus, and commitment to high-efficiency technology.
While facing challenges such as demand fluctuations and disputes, Maxeon Solar Technologies is poised for growth through market opportunities and technological advancements.
With updated revenue guidance and expansion plans, the company aims to capitalize on opportunities for increased shipments, margins, and market presence.

Maxeon Solar Technologies faces mixed Q3 results but eyes growth opportunities

Maxeon Solar Technologies navigated a challenging quarter with contrasting performance in key markets. Strategic settlements and joint ventures have positioned the company for growth, with a focus on improving margins and profitability in the medium term. Opportunities exist in new product introductions, cost reductions, and strategic partnerships to drive future success.

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SINGAPORE , June 28, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the release of its Sustainability Report for the year 2022.

Maxeon Solar Technologies Releases 2022 Sustainability Report with Enhanced Climate-Related Disclosures

The Governor of Baja California, Mexico, Marina del Pilar Ávila Olmeda, and Company Executives led the ribbon-cutting ceremony MEXICALI, Mexico and SINGAPORE , June 26, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today hosted a ribbon cutting event in its recently expanded and renovated manufacturing plant in Mexicali, Baja California, Mexico.

Maxeon Solar Technologies Holds Ribbon Cutting Ceremony for Expanded and Renovated Manufacturing Plant in Mexicali, Mexico

Maxeon Solar Technologies, Ltd. (MAXN) is technically in oversold territory now, so the heavy selling pressure might have exhausted.

Maxeon Solar Technologies, Ltd. (MAXN) Loses -10.66% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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SINGAPORE , June 20, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that the Company has been added as a member of the small-cap Russell 2000® Index and the broad-market Russell 3000® Index.

Maxeon Solar Technologies Announces its Addition to the Russell 2000® Index

The consensus price target hints at a 34.8% upside potential for Maxeon Solar Technologies, Ltd. (MAXN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Maxeon Solar Technologies, Ltd. (MAXN)? Wall Street Analysts Think 34.8%

SINGAPORE , June 14, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or the "Company"), a global leader in solar innovation and channels, today announced a collaboration with Samsung Electronics Co., Ltd.

Maxeon Solar Technologies and Samsung Join Forces on Smart Home Energy Management Solutions

New Partnership with Electric Vehicle Charging Software Provider Announces Membership in the European Solar PV Industry Alliance SINGAPORE , June 12, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announces that it will be attending Intersolar Europe 2023, where it will showcase its latest solar panel technologies and new energy solutions at Booth A2.430.

Maxeon Solar Technologies to Showcase Solar Energy Innovations at Intersolar Europe 2023

Maxeon, a key player in the solar energy market, is known for its high-efficiency IBC module designs and strong distribution network. MAXN has strong growth prospects in Europe, and is implementing cost reductions across the supply chain. I anticipate margin expansion through a synergistic combination of factors, including the scaling up of Max-6 capacity, securing higher ASPs for utility-scale contracts, and rising residential orders within the US.

Harnessing The Sun's Power: Maxeon's Journey Towards A Brighter Future In Solar Energy

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-  Achieved 24.7% World Record Efficiency with Maxeon 7 Solar Panel -  23% Efficient Maxeon 6 Solar Panels Shipping into Europe -  24% Efficient Maxeon 3 Solar Panels Available for Q4 Delivery SINGAPORE , June 1, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced several product advances that are expected to extend the Company's panel technology leadership position.

Maxeon Solar Technologies Extends Solar Panel Technology Leadership Position

The mean of analysts' price targets for Maxeon Solar Technologies, Ltd. (MAXN) points to a 26.3% upside in the stock.

Can Maxeon Solar Technologies, Ltd. (MAXN) Climb 26.27% to Reach the Level Wall Street Analysts Expect?

Maxeon Solar beat EPS expectations in its most recent Q1 2023 and delivered its highest gross profit margin at 17% since its spinoff. Maxeon Solar has major long-term growth due to its DG sales expansion opportunities in the US market and utility scale capacity expansion plans.

Maxeon Solar: Improving Top And Bottom Line Growth

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SINGAPORE , May 17, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. ("Maxeon") (NASDAQ: MAXN) today announced the pricing of an underwritten public offering of an aggregate of 7,490,000 ordinary shares, including 5,620,000 ordinary shares offered by Maxeon (the "Company Offering") and 1,870,000 ordinary shares offered by an affiliate of TotalEnergies SE ("TotalEnergies") (the "TotalEnergies Offering" and, together with the Company Offering, the "Offering"), each at a price of $28.00 per share.

Maxeon Solar Technologies Announces Pricing and Upsize of Public Offering of Ordinary Shares

SINGAPORE , May 16, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. ("Maxeon") (NASDAQ:MAXN) today announced the launch of an underwritten public offering of an aggregate of 6,800,000 ordinary shares.

Maxeon Solar Technologies Announces Public Offering of Ordinary Shares

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Maxeon's price-per-panel sold increased sharply in the quarter. Guidance indicates a solidly profitable year, but most of the big profits may be in the rear view mirror.

Why Maxeon's Shares Jumped 32.6% Today

Maxeon Solar Technologies, Ltd. (MAXN) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of a loss of $0.51 per share.

Maxeon Solar Technologies, Ltd. (MAXN) Q1 Earnings Top Estimates

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN ) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Robert Lahey - Head of IR Bill Mulligan - CEO Kai Strohbecke - CFO Peter Aschenbrenner - Chief Strategy Officer Conference Call Participants Julien Dumoulin-Smith - BofA Brian Lee - Goldman Sachs Philip Shen - ROTH MKM Graham Price - Raymond James Andrew Percoco - Morgan Stanley Donovan Schafer - Northland Capital Markets Operator Good day, and thank you for standing by.

Maxeon Solar Technologies, Ltd. (MAXN) Q1 2023 Earnings Call Transcript

--$54 Million Non-GAAP Gross Margin, $31 Million Adjusted EBITDA-- --2023 Adjusted EBITDA Guidance Increased to $95 to $120 Million-- SINGAPORE , May 10, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the first quarter ended April 2, 2023.

Maxeon Solar Technologies Announces First Quarter 2023 Financial Results

Maxeon Solar Technologies, Ltd. (MAXN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Maxeon Solar Technologies, Ltd. (MAXN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

SINGAPORE , May 2, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its first quarter 2023 financial results on May 10, 2023.

News for Maxeon Solar Technologies Stock (MAXN)