Maxeon Solar Technologies Expects Q2 Revenue of $160M-$200M Vs $203.80M Est, Capex of $15M-$25M
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies has provided its Q2 2024 outlook, expecting revenue between $160M and $200M, which is below the estimated $203.80M. The company also anticipates a gross loss between $20M and $0, and capital expenditures between $15M and $25M.
May 30, 2024 | 11:40 am
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Maxeon Solar Technologies expects Q2 2024 revenue between $160M and $200M, which is below the estimated $203.80M. The company also anticipates a gross loss between $20M and $0, and capital expenditures between $15M and $25M.
The revenue guidance is below market expectations, which is likely to negatively impact the stock price in the short term. Additionally, the anticipated gross loss and capital expenditures indicate financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100