MAXN icon

Maxeon Solar Technologies

7.40 USD
+0.81
12.29%
At close Dec 20, 4:00 PM EST
After hours
7.16
-0.24
3.24%
1 day
12.29%
5 days
34.79%
1 month
-14.65%
3 months
-19.13%
6 months
-92.67%
Year to date
-98.91%
1 year
-98.66%
5 years
-99.61%
10 years
-99.61%
 

About: Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and others.

Employees: 3,888

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

95% more capital invested

Capital invested by funds: $22.4M [Q2] → $43.8M (+$21.4M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

26% less funds holding

Funds holding: 106 [Q2] → 78 (-28) [Q3]

43.62% less ownership

Funds ownership: 47.08% [Q2] → 3.46% (-43.62%) [Q3]

46% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 26

52% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 54

53% less call options, than puts

Call options by funds: $315K | Put options by funds: $676K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$4
46%
downside
Avg. target
$4
46%
downside
High target
$4
46%
downside

1 analyst rating

positive
0%
neutral
0%
negative
100%
Morgan Stanley
Andrew Percoco
64% 1-year accuracy
7 / 11 met price target
46%downside
$4
Underweight
Downgraded
15 Nov 2024

Financial journalist opinion

Based on 5 articles about MAXN published over the past 30 days

Positive
Zacks Investment Research
1 week ago
Renewables to Contribute More to Electricity: MAXN, NXT, FSLR to Gain?
The United States will witness increasing electricity generation from renewable sources. Maxeon Solar, Nextracker and First Solar are thus well poised to gain.
Renewables to Contribute More to Electricity: MAXN, NXT, FSLR to Gain?
Negative
Seeking Alpha
1 week ago
Maxeon Solar Technologies: Messy Picture Continues - Sell
Maxeon Solar Technologies reported weak Q3/2024 results as the company continues to suffer from challenging market conditions and persistent inability to import solar panels from Mexico into the United States. U.S. Customs & Border Protection continues to detain panel shipments due to an alleged lack of sufficient documentation of compliance with the Uyghur Forced Labor Prevention Act. The company's results were negatively impacted by substantial inventory write-downs and restructuring charges. Cash outflows remained at elevated levels.
Maxeon Solar Technologies: Messy Picture Continues - Sell
Negative
Zacks Investment Research
2 weeks ago
Maxeon Solar Technologies, Ltd. (MAXN) Reports Q3 Loss, Tops Revenue Estimates
Maxeon Solar Technologies, Ltd. (MAXN) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $11.50.
Maxeon Solar Technologies, Ltd. (MAXN) Reports Q3 Loss, Tops Revenue Estimates
Neutral
PRNewsWire
2 weeks ago
Maxeon Solar Technologies Announces Third Quarter 2024 Financial Results
SINGAPORE , Dec. 5, 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 third quarter ended September 29, 2024.
Maxeon Solar Technologies Announces Third Quarter 2024 Financial Results
Neutral
PRNewsWire
3 weeks ago
Maxeon Announces Restructuring of Business Portfolio
Maxeon to Focus Exclusively on U.S. Market, Executes Term Sheets with TCL Group to Address Rest-of-World Markets SINGAPORE , Nov. 26, 2024 /PRNewswire/ -- Maxeon Solar Technologies (NASDAQ: MAXN) today announced a broad strategic restructuring of the Company's business portfolio and geographic market focus. Going forward, the Company intends to focus exclusively on the U.S. market where its market presence and planned local manufacturing footprint create a strong platform to drive growth and profitability.
Maxeon Announces Restructuring of Business Portfolio
Neutral
PRNewsWire
1 month ago
Maxeon Provides Update on CBP Detention of its Solar Panels
SAN JOSE, Calif. , Nov. 14, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
Maxeon Provides Update on CBP Detention of its Solar Panels
Negative
Zacks Investment Research
1 month ago
Will Maxeon Solar Technologies, Ltd. (MAXN) Report Negative Q3 Earnings?
Maxeon Solar Technologies (MAXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Maxeon Solar Technologies, Ltd. (MAXN) Report Negative Q3 Earnings?
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Predict an 1112.96% Upside in Maxeon Solar Technologies (MAXN): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 1113% in Maxeon Solar Technologies (MAXN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wall Street Analysts Predict an 1112.96% Upside in Maxeon Solar Technologies (MAXN): Here's What You Should Know
Neutral
PRNewsWire
2 months ago
Maxeon Announces CEO Leadership Transition
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.
Maxeon Announces CEO Leadership Transition
Neutral
PRNewsWire
3 months ago
Maxeon Receives Nasdaq Notification and is Proceeding with Approved Reverse Stock Split
SINGAPORE , Sept. 20, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd.
Maxeon Receives Nasdaq Notification and is Proceeding with Approved Reverse Stock Split
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