Maxeon Solar Technologies Ltd. (MAXN)

NASDAQ: MAXN · IEX Real-Time Price · USD
12.94
-1.11 (-7.90%)
Jun 24, 2022 4:00 PM EDT - Market closed
-7.90%
Market Cap 577.25M
Revenue (ttm) 840.94M
Net Income (ttm) -274.82M
Shares Out 44.61M
EPS (ttm) -7.03
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 380,993
Open 14.05
Previous Close 14.05
Day's Range 12.91 - 14.15
52-Week Range 7.48 - 25.39
Beta n/a
Analysts Buy
Price Target 13.87 (+7.2%)
Earnings Date Aug 11, 2022

About MAXN

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore. [Read more...]

Industry Semiconductors & Semiconductor Equipment
Employees 4,202
Stock Exchange NASDAQ
Ticker Symbol MAXN
Full Company Profile

Financial Performance

In 2021, MAXN's revenue was $783.28 million, a decrease of -7.29% compared to the previous year's $844.84 million. Losses were -$254.52 million, 78.4% more than in 2020.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for MAXN stock is "Buy." The 12-month stock price forecast is 13.87, which is an increase of 7.19% from the latest price.

Price Target
$13.87
(7.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Maxeon Solar Technologies Announces the Appointment of a New Independent Director

SINGAPORE , June 6, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the appointment of Kris Sennesael to its Board o...

Maxeon Solar Technologies, Ltd. (MAXN) Reports Q1 Loss, Tops Revenue Estimates

Maxeon Solar Technologies, Ltd. (MAXN) delivered earnings and revenue surprises of -1.40% and 4.54%, respectively, for the quarter ended March 2022.

Maxeon Solar Technologies Announces First Quarter 2022 Financial Results

--Record European DG Volume with new Beyond the Panel launches-- --First US Utility-Scale shipments delivered successfully-- SINGAPORE , May 26, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NAS...

Maxeon Solar Technologies Expands Residential Channel Program in the United States

SINGAPORE , May 26, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced an agreement with CED Greentech to significantl...

Maxeon Solar Technologies Announces Philippe Costemale as New Chief Operating Officer

SINGAPORE , May 19, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that Philippe Costemale will be joining the com...

Maxeon Solar Technologies to Release First Quarter 2022 Financial Results on May 26, 2022

SINGAPORE , May 13, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced it will release its first quarter 2022 financial...

Analysts Estimate Maxeon Solar Technologies, Ltd. (MAXN) to Report a Decline in Earnings: What to Look Out for

Maxeon Solar Technologies, Ltd. (MAXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

AlphaESS and Maxeon Solar Technologies Announce Strategic Partnership for Cutting-Edge Integrated Solution to Optimis...

SINGAPORE , May 12, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, and AlphaESS, one of the world's leading energy storage solutio...

Maxeon Solar Technologies Unveils SunPower One, a Complete Home Energy Management Experience

A New Flexible and Open Solution Introducing Actionable Home Energy Insights and Battery Storage to Help Homeowners Optimize Their Clean Energy Investment SINGAPORE , May 5, 2022 /PRNewswire/ -- Maxeon ...

Maxeon Solar Technologies Teams Up with OpenSolar to Provide Advanced Design and Proposal Tool to Installers

Exclusive Software Streamlines Installer Workflow and Accelerates Business Growth SINGAPORE , April 25, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar inno...

Why Renewable Energy Stocks Plunged Today

Higher interest rates are hurting renewable energy stocks today.

Other symbols: BEDQENPH

Maxeon Solar Technologies and Canadian Solar Announce Settlement Agreement Resolving Patent Infringement Lawsuit

SINGAPORE , April 20, 2022  /PRNewswire/ -- Maxeon Solar Technologies, Ltd. ("Maxeon") (NASDAQ:MAXN) and Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) announced today that the companies have rea...

Other symbols: CSIQ

Maxeon Solar Technologies Announces Appointment of New Chairman of the Board

SINGAPORE, April 12, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the appointment of Donald Colvin to succeed Ke...

Here's Why Maxeon Solar Technologies Shares Are Falling

Maxeon Solar Technologies Ltd (NASDAQ: MAXN) shares are trading lower by 7.6% to $12.66 after the company reported worse-than-expected fourth-quarter EPS and sales results. The company also issued first...

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

Maxeon Solar Technologies, Ltd. (MAXN) delivered earnings and revenue surprises of -39.23% and 0.66%, respectively, for the quarter ended December 2021.

Maxeon Solar Technologies Announces Fourth Quarter and Fiscal Year 2021 Financial Results

--Maxeon 6 and Performance Line Fabs in Mass Production-- --Over 700 Megawatts of New Utility-Scale Bookings for U.S. Customers-- SINGAPORE , March 24, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Lt...

Maxeon Solar Technologies to Release Fourth Quarter and Fiscal Year 2021 Financial Results on March 24, 2022

SINGAPORE, March 18, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced it will release its fourth quarter and fiscal y...

Origis Energy, Maxeon Solar Technologies Announce 400MW Module Supply Agreement

Maxeon to supply bifacial Performance line modules for U.S. projects SINGAPORE, March 17, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and cha...

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Ren...

SINGAPORE, March 15, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that leading solar company Cypress Creek Renew...

Ayana Renewable Power and Maxeon Solar Technologies Announce Completion of the 192MWp Indian Bikaner 1 Project

SINGAPORE, March 11, 2022 /PRNewswire/ -- Ayana Renewable Power and Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced the completion and c...

Maxeon Solar Technologies Announces a New Supply Agreement with SunPower Corporation for High Efficiency IBC Panels

SINGAPORE, Feb. 16, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced a new supply agreement with SunPower Corporation...

Maxeon Solar Technologies Extends the Product, Power and Service Warranty on its Flagship Product Line to 40 Years

SINGAPORE, Feb. 3, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the launch of the solar industry's longest and mo...

Maxeon Solar Technologies Expands Direct Panel Sales into the U.S. C&I Market Via Collaboration with Omnidian

SINGAPORE, Jan. 31, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, announced today an expanded sales initiative in the U.S. Commerc...

Why This BofA Analyst Takes A Shine On Maxeon Solar

While much of Maxeon Solar Technologies Ltd.'s (NASDAQ:MAXN) recent stock performance has been driven by its proposed U.S. cell and module manufacturing facility and the sentiment around the U.S governm...

Why Maxeon Solar Technologies Stock Dropped 12.9% on Thursday

Losses continue to pile up for this solar manufacturer.