Streetbeat News

MAXN

Maxeon Solar Technologies, Ltd.

https://www.maxeon.com

Industry

Solar

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.

Open

5.70

Mkt cap

84M

Volume

508K

High

5.89

P/E Ratio

-0.01

52-wk high

780.00

Low

5.32

Div yield

N/A

52-wk low

4.98

The United States is expected to see a rise in electricity generation from renewable sources, which could benefit companies like Maxeon Solar, Nextracker, and First Solar.

Portfolio Pulse from

December 13, 2024 | 3:30 pm

Maxeon Solar Technologies reported weak Q3/2024 results, facing challenges in importing solar panels from Mexico to the U.S. due to compliance issues with the Uyghur Forced Labor Prevention Act. The company experienced inventory write-downs, restructuring charges, and high cash outflows.

Portfolio Pulse from

December 12, 2024 | 5:30 am

Maxeon Solar Technologies, Ltd. (MAXN) reported a Q3 loss of $0.47 per share, which was significantly better than the Zacks Consensus Estimate of a loss of $11.50. The company also exceeded revenue expectations.

Portfolio Pulse from

December 06, 2024 | 12:30 am

Maxeon Solar Technologies announced its financial results for the third quarter of 2024, highlighting its position as a global leader in solar innovation.

Portfolio Pulse from

December 05, 2024 | 10:00 pm

Maxeon Solar Technologies (NASDAQ: MAXN) is restructuring its business to focus exclusively on the U.S. market, leveraging its market presence and planned local manufacturing to drive growth and profitability. The company has executed term sheets with TCL Group to address markets outside the U.S.

Portfolio Pulse from

November 26, 2024 | 1:15 pm

Maxeon Solar Technologies, Ltd. has provided an update regarding the detention of its solar panels by the U.S. Customs and Border Protection (CBP). This development could impact the company's operations and stock performance.

Portfolio Pulse from

November 14, 2024 | 1:45 pm

Maxeon Solar Technologies (MAXN) is unlikely to beat earnings expectations for Q3 due to not having the right combination of key factors.

Portfolio Pulse from

November 13, 2024 | 4:15 pm

Maxeon Solar Technologies shares are trading higher following the announcement of changes to its CFO position.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 7:51 pm

Several information technology stocks experienced significant price movements during Wednesday's intraday session. Maxeon Solar Technologies, Unisys, Atomera, Extreme Networks, Iveda Solutions, and Pros Holdings saw notable gains, while Super Micro Computer, Qorvo, DatChat, ARB IOT Group, Blackbaud, and Phunware experienced declines. These movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

October 30, 2024 | 4:31 pm

Maxeon Solar Technologies (NASDAQ:MAXN) shares surged by 15.8% following the appointment of Dimitri Hu as the new CFO. Hu's extensive leadership experience is expected to drive strategic initiatives. The stock is part of the Information Technology sector.

Portfolio Pulse from Henry Khederian

October 28, 2024 | 5:59 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.