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

9.28

Mkt cap

140M

Volume

284K

High

9.86

P/E Ratio

-0.01

52-wk high

780.00

Low

9.11

Div yield

N/A

52-wk low

4.98

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Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:12 pm

Maxeon Solar Technologies' shares are rising as Cypress Creek Renewables selects the company for US power plant projects.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 1:26 pm

Maxeon Solar Technologies has been selected by Cypress Creek Renewables to supply solar panels for power plant projects in the US. This partnership highlights Maxeon's growing presence in the renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 12:38 pm

Maxeon Solar Technologies shares fell after the company withdrew its FY24 and Q3 guidance, citing unprecedented uncertainty and expected significant revenue decline.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:33 pm

Maxeon is facing significant market challenges, including competitive pressures, project delays, and U.S. Customs detentions affecting shipments. As a result, they have withdrawn financial guidance for Q3 and FY24, expecting a significant revenue decline. The company is taking steps to stabilize and improve its financial position.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:06 pm

Maxeon Solar Technologies reported a significant earnings beat for Q2, with EPS of $0.03 surpassing the expected $(1.08) and sales of $184.22M exceeding the $177.02M estimate. Despite the positive earnings, sales decreased by 47.12% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:05 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. Focus Universal (FCUV) saw a 73.3% increase, while MongoDB (MDB) rose by 18.22% following its Q2 earnings release. Marvell Tech (MRVL) also gained 11.59% after its Q2 earnings. On the downside, Strong Global (SGE) decreased by 10.1%, and OneConnect Financial Tech (OCFT) fell by 8.53%.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 12:05 pm

MongoDB shares surged 15.2% in pre-market trading after reporting better-than-expected Q2 earnings and strong guidance. Other notable pre-market movers include Brenmiller Energy, Focus Universal, and Emergent BioSolutions among gainers, while Elastic and Ulta Beauty are among the decliners.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 9:42 am

Maxeon Solar Technologies has appointed Ken Olson as the interim Chief Financial Officer, effective September 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 8:50 pm

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