Maxeon Solar Technologies Sees Q1 2024 Revenue ~$186M Vs $242.333M Est.
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies forecasts its Q1 2024 revenue to be around $186M, which is significantly lower than the estimated $242.333M.
April 08, 2024 | 8:14 pm
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Maxeon Solar Technologies anticipates its Q1 2024 revenue to be approximately $186M, missing the analysts' expectations of $242.333M.
The significant shortfall in projected revenue compared to analyst estimates is likely to negatively impact investor sentiment and could lead to a decrease in MAXN's stock price in the short term. This news directly impacts Maxeon Solar Technologies and is critical for investors as it suggests potential challenges in the company's performance or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100