Maxeon Solar Technologies Sees Q3 Revenue $280M-$320M Vs $395.32M Est.; FY23 Revenue Estimated To Be Within The Range Of $1.25B-$1.35B Vs $1.51B Est.
Portfolio Pulse from Happy Mohamed
Maxeon Solar Technologies has revised its Q3 2023 revenue guidance to $280M-$320M, lower than the estimated $395.32M. The company also adjusted its FY23 revenue forecast to $1.25B-$1.35B, below the $1.51B estimate. The changes reflect a softening of residential demand and challenging market conditions expected to persist through Q4.
August 10, 2023 | 8:12 pm
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Maxeon Solar Technologies has lowered its Q3 and FY23 revenue forecasts, indicating challenging market conditions and a decrease in residential demand.
The company's lowered revenue forecasts for Q3 and FY23 indicate that it is facing challenging market conditions and a decrease in residential demand. This could negatively impact the company's stock price in the short term.
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