SAN JOSE, Calif., Nov. 14, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) ("Maxeon" or the "Company"), a global leader in solar innovation and channels, today announced that Maxeon solar panels continue to be detained and inexplicably excluded from being imported from its Mexico manufacturing facilities into the U.S. market. Despite having fully and transparently mapped its supply chains and provided U.S. Customs & Border Protection (CBP) officials with thorough traceability documentati ...

Core Viewpoint - Maxeon Solar Technologies, Ltd. (MAXN) is anticipated to report a year-over-year increase in earnings despite lower revenues for the quarter ended September 2024, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The company is expected to post a quarterly loss of $11.50 per share, reflecting a year-over-year change of +94.8%, while revenues are projected to be $94.6 million, down 58.4% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 25% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Maxeon is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -56.52%, indicating a bearish outlook from analysts [10]. Historical Performance - In the last reported quarter, the company was expected to post a loss of $112 per share but instead reported earnings of $3, achieving a surprise of +102.68%. However, over the last four quarters, it has only beaten consensus EPS estimates once [11][12]. Conclusion - Maxeon Solar Technologies does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [15].

Shares of Maxeon Solar Technologies, Ltd. (MAXN) have gained 2.5% over the past four weeks to close the last trading session at $8.64, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $104.80 indicates a potential upside of 1113%.The mean estimate comprises five short-term price targets with a standard deviation of $94.21. While the lowest estimate of $4 indicates a 53.7% decline ...

Bill Mulligan to retire early next year; Former TCL Communication Technology CEO George Guo named new Maxeon CEO SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that Bill Mulligan, Chief Executive Officer, will retire at the end of January 2025. George Guo, formerly an advisor to the Chairman of TCL Group and previous CEO of TCL Communication Technology, has assumed the role of Maxeon CEO and joined it ...

ANAHEIM, Calif., Sept. 10, 2024 /PRNewswire/ -- RE+ 2024 -- Today at RE+ 2024, the largest clean energy event in North America, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, confirmed that Cypress Creek Renewables, a leading solar and storage developer and independent power producer, has chosen Maxeon solar panels for installation at key power plant projects in the U.S. Commercial operation for Cypress Creek's largest hybrid facility, Zier, in Brackettville ...

Maxeon Solar Technologies, Ltd. (MAXN) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $1.12 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 102.68%. A quarter ago, it was expected that this company would post a loss of $1.02 per share when it actually produced a loss of $1.59, delivering a surprise of -55.88%. Over the last four ...

Exhibit 99.1 Investor Contact: Gary Dvorchak, CFA investor@maxeon.com +1 (323) 240-5796 Media Contact: Forrest Monroy forrest.monroy@maxeon.com +1 (626) 884-4756 Maxeon Solar Technologies Announces Second Quarter 2024 Financial Results -- Second Quarter Revenue of $184 Million-- -- TZE makes $100 million equity investment in Maxeon to become controlling shareholder-- Singapore, September 3, 2024 – Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation ...

-- Second Quarter Revenue of $184 Million-- -- TZE makes $100 million equity investment in Maxeon to become controlling shareholder-- SINGAPORE, Sept. 3, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) ("Maxeon" or "the Company"), a global leader in solar innovation and channels, today announced its financial results for the second quarter ended June 30, 2024. In a letter addressed to the Company's shareholders, Maxeon's Chief Executive Officer Bill Mulligan noted as follows: Maxeon's fi ...

NEW YORK, Aug. 25, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) between November 15, 2023 and May 29, 2024, both dates inclusive (the "Class Period"), of the important August 26, 2024 lead plaintiff deadline. SO WHAT: If you purchased Maxeon securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arr ...

LOS ANGELES, Aug. 22, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Maxeon Solar Technologies, Ltd. ("Maxeon" or "the Company") (NASDAQ: MAXN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 15, 2023 and May 29, 2024, inclusive (the "Clas ...