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

Solar stocks are experiencing an uptick following reports that President Biden is considering implementing tariffs on Chinese electric vehicles (EVs) and solar panels. This move is perceived as potentially beneficial for US-based solar companies by reducing competition from cheaper Chinese imports.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:18 pm

Maxeon Solar Technologies (MAXN) announced a postponement in the release of its Q4 FY23 and Q1 FY24 financial results, leading to a higher trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:51 pm

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) announced a postponement in the release of its Q4, FY23, and Q1 2024 financial results to May 23, 2024, to complete preparation of its annual and quarterly reports and provide a comprehensive business update.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:49 pm

Semiconductor stocks are experiencing an uptick in their trading values after Qualcomm reported strong quarterly results. This positive performance by Qualcomm is seen as a bullish signal for the semiconductor industry, potentially indicating robust demand and operational strength within the sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market dynamics. Notable bullish sentiment was observed in NVDA, SMCI, AMD, MSFT, and TCX through call sweeps, while AAPL and CRWD showed bearish sentiment with call and put sweeps, respectively. Neutral and bullish sentiments were also noted in COHR and PTC trades. The activity suggests varying investor expectations and market positioning ahead of the options' expiration dates.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 5:35 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. CommScope Holdings, Next Technology Holding, Benchmark Electronics, FormFactor, Maxeon Solar Technologies, and NextTrip saw their stocks rise, with notable gains attributed to recent earnings reports for some. Conversely, Fastly, Brand Engagement Network, Freshworks, Netgear, Appian, and MMTEC faced declines, with poor Q1 earnings reports contributing to the drops for many.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 4:31 pm

In Friday's after-market session, several information technology stocks showed notable movements. Gainers included Sonim Technologies, EMCORE, Pixelworks, Boxlight, Zapata Computing Holdings, and CommScope Hldg Co, with increases ranging from 3.11% to 6.8%. On the losing side, Nano Labs, Focus Universal, Argo Blockchain, Peraso, Maxeon Solar Technologies, and Spectaire Holdings saw declines between 3.86% and 7.0%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:31 pm

In Friday's intraday session, 12 Information Technology stocks showed significant movement. Focus Universal, Infobird Co, Maxeon Solar Technologies, Rubicon Technologies, Kingsoft Cloud Holdings, and Mobix Labs were among the gainers, with Focus Universal leading with a 36.0% increase. On the downside, ReAlpha Tech Corp, Atomera, MMTEC, Strong Global, BIT Mining, and Intel reported losses, with ReAlpha Tech Corp experiencing an 18.0% decline. Notably, Atomera and Intel's stock movements were influenced by their Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has filed a patent infringement lawsuit against Hanwha Q CELLS over TOPCon solar cell technology in the Eastern District of Texas. This action follows a TOPCon patent infringement investigation initiated by Maxeon in November 2023, targeting companies like Canadian Solar, Inc. and REC Solar Holdings AS for selling infringing products. Maxeon, with a history of substantial R&D investment leading to over 1,650 granted patents, aims to protect its innovations and market leadership.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:41 pm

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has filed a patent infringement lawsuit against REC Solar Holdings AS in the Eastern District of Texas. The lawsuit alleges REC Solar's infringement of Maxeon's patents related to TOPCon solar cell technology. Maxeon, a leader in solar innovation, holds over 1,650 granted patents and more than 330 pending applications, covering technologies such as IBC, Shingled Hypercell, and TOPCon. Maxeon's Associate General Counsel, Marc Robinson, emphasized the company's commitment to fair competition and its intent to enforce its patent rights vigorously.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 12:33 pm

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