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.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q1 2024

Earnings data Q4 2023

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Maxeon Solar Technologies, Ltd. (MAXN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects.

Maxeon Solar Technologies, Ltd. (MAXN) Upgraded to Buy: Here's Why

Canadian Solar

First Solar

Solar stocks to buy are poised to take center stage as stakeholders recognize their immense potential in cutting harmful emissions. In light of the recent U.N.

3 Solar Stocks to Invest in Now for Clean Energy Growth

Monolithic Power Systems

Wynn Resorts

High-beta growth stocks historically move more than the overall stock market in both directions. With U.S. stocks entering a bull market and most on the Street underestimating the outlook of the American economy, this looks like a good time for risk-tolerant investors to buy high-beta growth stocks.

3 High-Beta Stocks for Growth Investors to Buy Now

Array Technologies

JinkoSolar Holding

NEXTracker Inc

Canadian Solar and Array Technologies reported earnings that point to higher demand broadly for solar energy. Interest rates continued to ease, making solar more economical for developers.

Why Solar Energy Stocks Were on Fire This Week

SINGAPORE , March 15, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that Matt Dawson will be joining the company on March 20, 2023, to serve as Chief Technology Officer (CTO).

Maxeon Solar Technologies Announces Appointment of Chief Technology Officer

Maxeon beat analysts' top-line estimates for Q4 2022 revenue. The company reported a company record for gross profit.

Why Maxeon Solar's Stock Is Soaring Today

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN ) Q4 2022 Earnings Conference Call March 7, 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 - Bank of America Philip Shen - ROTH MKM Brian Lee - Goldman Sachs Pavel Molchanov - Raymond James David Arcaro - Morgan Stanley Donovan Schafer - Northland Capital Markets Operator Good day, ladies and gentlemen, and welcome to the Maxeon Solar Technologies Fourth Quarter 2022 Earnings Call.

Maxeon Solar Technologies, Ltd. (MAXN) Q4 2022 Earnings Call Transcript

Maxeon Solar Technologies, Ltd. (MAXN) delivered earnings and revenue surprises of -47.20% and 2.74%, respectively, for the quarter ended December 2022.

Maxeon Solar Technologies, Ltd. (MAXN) Reports Q4 Loss, Tops Revenue Estimates

--Record Gross Profit of $20 million in fourth quarter of 2022-- --Guiding Positive Adj. EBITDA in first quarter of 2023-- SINGAPORE , March 7, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.

Maxeon Solar Technologies Announces Fourth Quarter and Fiscal Year 2022 Financial Results

SINGAPORE , Feb. 24, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its fourth quarter and fiscal year 2022 financial results on March 7, 2023.

Maxeon Solar Technologies to Release Fourth Quarter and Fiscal Year 2022 Financial Results on March 7, 2023

SunPower

Achieved record Q4: added nearly 24,000 customers; Revenue of $497 million, 43% growth YoY Reported Q4 GAAP Net Income of $8 million and Adjusted EBITDA of $36 million Added 83,000 customers and drove Revenue of $1.7 billion in 2022, 53% growth YoY Reported 2022 GAAP Net Income of $56 million and Adjusted EBITDA of $95 million Entered 2023 with strong balance sheet: $48 million Net Recourse Debt, repaid $425 million Convertible Debt in January Secured new panel supply agreements to meet rising demand RICHMOND, Calif. , Feb. 15, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, today announced financial results for the fourth quarter, ending January 1, 2023.

SunPower Reports Fourth Quarter and Fiscal Year 2022 Results

SINGAPORE , Jan. 18, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) ("Maxeon" or the "Company"), a global leader in solar innovation and channels, announced today that it has been included in the 19th annual Corporate Knights' 2023 Global 100 Index of the most sustainable corporations after just its second full year of operations.

Maxeon Solar Technologies Listed Among the World's 100 Most Sustainable Companies by Corporate Knights

Does Maxeon Solar Technologies, Ltd. (MAXN) have what it takes to be a top stock pick for momentum investors?

Maxeon Solar Technologies, Ltd. (MAXN) is a Great Momentum Stock: Should You Buy?

New terms expand supply agreement through 2025 RICHMOND, Calif. , Jan. 5, 2023 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading residential solar technology and energy services provider, and Maxeon Solar Technologies, Ltd.

SunPower and Maxeon Extend Their Current Supply Relationship to Meet Rising Homeowner Demand

Darling Ingredients

Enphase Energy

Freyr Battery Inc

Green Plains

MasTec

SolarEdge Technologies

Tesla

President Joe Biden signed the Inflation Reduction Act (IRA) into law in August. Then he followed up with the fiscal 2023 omnibus appropriations bill on Dec. 23.

20 stocks expected by Goldman Sachs to gain the most from Washington's clean-energy spending

Maxeon Solar Technologies Ltd. MAXN, -7.34% on Wednesday named Bill Mulligan as chief executive officer as of Jan. 23.

Maxeon Solar names Silicon Valley exec as new CEO

Solar Industry Veteran Bill Mulligan to Join the Company on January 23, 2023 SINGAPORE , Dec. 28, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or the "Company"), a global leader in solar innovation and channels, today announced Bill Mulligan will join the Company as its Chief Executive Officer and member of its Board of Directors on January 23, 2023.

Maxeon Solar Technologies Names New CEO

Goldman Sachs

Sunrun

Stem, Inc

Goldman Sachs cited improving margins and execution for First Solar and SolarEdge stocks, as well as the Inflation Reduction Act. The post Solar Edge, First Solar Among 4 Top Solar Stocks For 2023: Goldman Sachs appeared first on Investor's Business Daily.

Solar Edge, First Solar Among 4 Top Solar Stocks For 2023: Goldman Sachs

Maxeon Solar posts upward top and bottom-line Q3 results, beating EPS expectations by $0.47 to reach negative $1.09 and increasing revenue to $275.45 million. SunPower will no longer have exclusive rights to distribute Maxeon products, opening up huge growth potential throughout the US market.

Maxeon Solar Technologies: New Distribution Channels Open Up The U.S. Market Potential

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN ) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET Company Participants Robert Lahey - Head of IR Mark Babcock - Interim CEO Kai Strohbecke - CFO Peter Aschenbrenner - Chief Strategy Officer Conference Call Participants Julien Dumoulin-Smith - Bank of America Donovan Schafer - Northland Capital Markets Brian Lee - Goldman Sachs Philip Shen - ROTH Capital Partners Pavel Molchanov - Raymond James Operator Good day, ladies and gentlemen.

Maxeon Solar Technologies, Ltd. (MAXN) Q3 2022 Earnings Call Transcript

Maxeon Solar Technologies, Ltd. (MAXN) delivered earnings and revenue surprises of 33.13% and 0.83%, respectively, for the quarter ended September 2022.

Maxeon Solar Technologies, Ltd. (MAXN) Reports Q3 Loss, Lags Revenue Estimates

--Achieved Key Distributed Generation and Utility-Scale Milestones-- --US Manufacturing Initiative Approaching Key Site Selection and Financing Milestones-- SINGAPORE , Nov. 10, 2022 /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 third quarter ended October 2, 2022.

Maxeon Solar Technologies Announces Third Quarter 2022 Financial Results

Shoals Technologies Group

Solar power stocks have roared thanks to passage of the Inflation Reduction Act. Here's why the long-volatile group may offer investors more stability now.

Solar Stocks Have A Bright New Outlook Including First Solar, Enphase, Array And Shoals

SINGAPORE , Oct. 31, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its third quarter 2022 financial results on November 10, 2022.

Maxeon Solar Technologies to Release Third Quarter 2022 Financial Results on November 10, 2022

SINGAPORE , Oct. 26, 2022 /PRNewswire/ -- Maxeon Solar Technologies ('Maxeon'), a global leader in solar innovation and channels, today announced the commencement of supplier sustainability monitoring with Singapore-headquartered environmental, social, and governance ('ESG') fintech Hashstacs Pte Ltd ('STACS') via its ESGpedia platform, which powers the ESG Registry of the Monetary Authority of Singapore's ('MAS') Project Greenprint. Maxeon and STACS embarked on the project to leverage holistic ESG data and digital tools on ESGpedia for monitoring the sustainability performance of suppliers in Maxeon's end-to-end supply chain.

News for Maxeon Solar Technologies Stock (MAXN)