The most recent trading session ended with Maxeon Solar Technologies, Ltd. (MAXN) standing at $4.88, reflecting a -1.41% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.Coming into today, shares of the company had lost 32.47% in the past month. In that same time, the Oils-Energy sector lost 4.39%, while the S&P 500 gained 2.48%.The upcoming earnings release of ...

Named in Corporate Knights Global 100 Index for Second Consecutive YearSINGAPORE, Jan. 23, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that for the second consecutive year it has been included in the annual Corporate Knights' Global 100 index of the world's most sustainable corporations. Maxeon is ranked number 44, placing it among top global companies recognized in conjunction with the index's publication at the Worl ...

NewSaetiew/iStock via Getty Images Maxeon Solar Technologies (NASDAQ:MAXN) is a technology company headquartered in Singapore that designs, distributes, installs and services solar panels. The company has been in this business for a long time with multiple generations of products over years but it has yet to see much of a growth or profits which will challenge the company for the foreseeable future even though some of its newer products are looking promising. The company is publicly traded in Nasdaq bu ...

SAN DIEGO, Jan. 17, 2024 /PRNewswire/ -- Intersolar North America 2024 -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, has introduced its new Commercial Partner Program empowering U.S. solar installers and dealers to boost their sales with the company's innovative product offerings backed by exceptional support. The Maxeon Commercial Partner Program further strengthens a compelling value proposition for channel partners as Maxeon accelerates its direct eng ...

The stock market is having a rough start to 2024, and that's causing the renewable energy industry to give back a lot of what was gained late in 2023. Today, stocks dropped because the Federal Reserve's meeting minutes from December were released and weren't as rosy as the market thought. Shares of renewable energy asset owner NextEra Energy Partners (NEP -2.85%) fell as much as 5%, SunPower (SPWR -7.79%) fell 11.5%, and Maxeon Solar Technologies (MAXN -5.59%) dropped 10.1%. At the market close, shares were ...

• New IP infringement action filed in the Netherlands• Cease & Desist letter sent regarding false claimsSINGAPORE, Dec. 21, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and channels, today announced that its subsidiary Maxeon Solar Pte. Ltd. has filed a request to initiate preliminary injunction proceedings concerning patent infringement claims against Eironn Netherlands B.V. (Aiko Energy) and its wholesalers VDH Solar Groothandel B.V. and Libra En ...

Maxeon Solar Technologies Ltd (NASDAQ:MAXN) Q3 2023 Earnings Conference Call November 15, 2023 5:00 PM ET Company Participants Robert Lahey - Head of Investor Relations Bill Mulligan - Chief Executive Officer Kai Strohbecke - Chief Financial Officer Peter Aschenbrenner - Chief Strategy Officer Conference Call Participants Alex Vrabel - Bank of America Brian Lee - Goldman Sachs Pavel Molchanov - Raymond James Philip Shen - ROTH MKM Donovan Schafer - Northland Capital Markets William Grippin - UBS Andrew Perc ...

Exhibit 99.1 Investor Contact: Robert Lahey robert.lahey@maxeon.com +1 (202) 246-1872 Media Contact: Anna Porta anna.porta@maxeon.com +39 345 7706205 Maxeon Solar Technologies Announces Third Quarter 2023 Financial Results --$228 Million Revenue, $2.7 Million Gross Income-- --SunPower Dispute Settled-- Singapore, November 16, 2023 – 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 third ...

MAXEON This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding: (a) our expectations regarding pricing trends, demand and growth projections; (b) potential disruptions to our operations and supply chain that may result from epidemics, natural disasters or military conflicts, including the duration, scope and impact ...

Financial Data and Key Metrics Changes - Maxeon reported Q2 2023 revenues of $348 million, reflecting a 9% sequential growth and a 46% year-on-year increase, although it was below guidance [48][53] - Adjusted EBITDA for Q2 was $30 million, or 8.7% of revenue, aligning with guidance [118] - Cash and short-term investments increased to $456 million from $304 million at the end of Q1, attributed to a capital raise [54] Business Line Data and Key Metrics Changes - Total shipments for Q2 were 807 megawatts, up 4% sequentially and 55% year-on-year, but below guidance of 860 to 900 megawatts due to demand fluctuations [12][22] - Non-GAAP operating expenses were $41 million in Q2, up from $38 million in Q1, consistent with guidance [27] - The utility-scale business became the primary growth driver, with over 1.4 gigawatts shipped in Q2, 90% to U.S. customers [100] Market Data and Key Metrics Changes - In the U.S., residential demand was impacted by NEM 3.0 implementation and high interest rates, leading to a slowdown in sales [114] - European demand is growing, but high inventory levels in the commodity segment have created challenges [25][31] - The company is shifting focus to commercial and industrial (C&I) applications to mitigate residential demand slowdown [52] Company Strategy and Development Direction - Maxeon is focused on reshoring the solar supply chain to the U.S. and expanding its manufacturing capacity, with plans to increase the Albuquerque factory's capacity to 4.5 gigawatts [50][142] - The company aims to maintain strong average selling prices (ASPs) despite competitive pricing pressures in the distributed generation market [48][116] - Future growth is expected from utility-scale projects and the new Maxeon 7 technology, with a strong backlog and higher contracted prices anticipated [137][142] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a rapidly changing demand environment, particularly in the U.S. and Europe, but remains optimistic about long-term fundamentals [22][114] - The company expects a recovery in California's market and anticipates stronger performance in Q4 compared to Q3 due to seasonality [38][149] - Management is confident in resolving disputes with SunPower and believes both parties are incentivized to reach a resolution [115][136] Other Important Information - The company is experiencing a slowdown in residential demand but is optimistic about the C&I market, leveraging past experience in that sector [58][162] - Maxeon has a pipeline of projects expected to drive financial performance improvements over the next three years [142] - The company is committed to maintaining its competitive advantage through cost reductions and operational excellence [120] Q&A Session All Questions and Answers Question: What is the outlook for the demand slowdown in the U.S. and Europe? - Management clarified that while Europe is growing, the issue is primarily related to inventory that needs to be worked off, not a demand slowdown [63] Question: Can you elaborate on the situation with SunPower? - Management stated that both parties believe there have been noncompliance issues under the master supply agreement, and they are working towards a resolution [115][136] Question: How does the company plan to address the slowdown in residential demand? - The company is reallocating sales focus towards C&I applications to mitigate the impact of the slowdown in residential demand [52][162] Question: What are the expectations for Q4 performance? - Management expects Q4 to be stronger than Q3, driven by seasonal factors and a recovery in the Maxeon business [149]