Maxeon Solar Technologies Expects FY24 Revenue of $640M-$800M Vs $891.55M Est, Capex of $70M-$100M
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies has provided its fiscal year 2024 guidance, expecting revenue between $640 million and $800 million, which is below the estimated $891.55 million. The company also anticipates adjusted EBITDA to be between $(160) million and $(110) million, and capital expenditures to range from $70 million to $100 million.
May 30, 2024 | 11:44 am
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Maxeon Solar Technologies' FY24 revenue guidance of $640M-$800M is below the estimated $891.55M, indicating potential revenue challenges. The adjusted EBITDA range of $(160)M-$(110)M suggests significant operational losses, and capex is expected to be $70M-$100M.
The revenue guidance is significantly below estimates, which could negatively impact investor sentiment. The expected operational losses indicated by the adjusted EBITDA range further suggest financial challenges. The capex range indicates planned investments but may not offset the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100