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. The company is headquartered in Singapore.
IPO Year:
Exchange: NASDAQ
Website: maxeon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $4.00 | Equal-Weight → Underweight | Morgan Stanley |
| 6/4/2024 | $11.00 → $1.00 | Buy → Sell | Goldman |
| 5/31/2024 | $7.00 → $0.50 | Market Perform → Under Perform | Northland Capital |
| 4/9/2024 | Outperform → Mkt Perform | Raymond James | |
| 3/8/2024 | $7.00 → $3.00 | Neutral → Sell | UBS |
| 11/21/2023 | $7.00 | Neutral | Mizuho |
| 11/16/2023 | $25.00 → $7.00 | Outperform → Market Perform | Northland Capital |
| 10/16/2023 | $31.00 → $12.00 | Buy → Neutral | BofA Securities |
| 10/11/2023 | $25.00 → $10.00 | Buy → Neutral | ROTH MKM |
| 10/2/2023 | $13.00 | Neutral | UBS |
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--Fiscal year 2024 revenue of $509 million-- --Amid continued headwinds, committed to business transformation and fiscal discipline-- SINGAPORE, April 30, 2025 /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 its fourth quarter and fiscal year ended December 31, 2024. "Maxeon's fourth quarter and fiscal 2024 results reflect the continued challenge posed by U.S. Customs & Border Protection (CBP)'s barring and exclusion of our Maxeon 3, Maxeon 6,
SINGAPORE, April 4, 2025 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today provided an update on key business issues, recent transactions, and transformation initiatives. "Maxeon continues to transform its business to compete more effectively in a challenging solar market, and delivering top-tier solar panels and renewable energy solutions to our customers for the long-term remains our highest priority," said George Guo, Maxeon CEO. "While the Company still faces near-term headwinds, we are making progress in
SINGAPORE, Dec. 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) and Tongwei Solar (Hefei) Co., Ltd. today announced they have entered into a Settlement and Cross-Licensing Agreement, effective as of November 30, 2024, regarding shingled solar cell and module technology and the party's related patent disputes. About Maxeon Solar TechnologiesMaxeon Solar Technologies (NASDAQ:MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon leverages nearly 40 years of solar energy leadership and over 2,000 granted patents to design innovative and sus
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's Chief Executive Officer George Guo stated, "Third quarter results were distorted due to deliveries detained by the United States Customs and Border Protection ("CBP"), fixed costs associated with factory shutdowns and low production levels, and costs and write-offs from our ongoing restructuring. On top of this, we contin
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. As a key part of this strategy, Maxeon has executed a five-year lease of an existing building in Albuquerque, New Mexico and plans to begin solar panel manufacturing in this 2 GW capacity f
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 documentation of its clean supply chain, CBP reviewers have alleged a lack of sufficient documentation to prove Maxeon's compliance with the Uyghur Forced Labor Prevention Act (UFLPA), which the Compa
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 its Board of Directors effective October 11, 2024. Mulligan will aid the leadership transition through January.
SINGAPORE, Sept. 20, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, announced that on September 17, 2024, it received a Staff Determination letter (the "Determination Letter") from the staff of the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Global Select Market pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) because, as of September 16, 2024, the Company's securities had a closing bid price of $0.10 or less for ten consecutive trading days.
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, Texas, commenced in May with 208MW of photovoltaic capacity provided
ANAHEIM, Calif., Sept. 9, 2024 /PRNewswire/ -- RE+ 2024 -- Kicking off RE+ 2024, the largest clean energy event in North America today, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, honored three leading North American installers and dealers as Outstanding Partners providing exceptional service and innovation to commercial and residential solar customers. These include Solar Technologies, Solaris Renewables and Rising Sun Solar. Maxeon is engaging with new and existing partners and showcasing its latest solar panels and solutions at RE+ booth D23045, September 10-12.
--Fiscal year 2024 revenue of $509 million-- --Amid continued headwinds, committed to business transformation and fiscal discipline-- SINGAPORE, April 30, 2025 /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 its fourth quarter and fiscal year ended December 31, 2024. "Maxeon's fourth quarter and fiscal 2024 results reflect the continued challenge posed by U.S. Customs & Border Protection (CBP)'s barring and exclusion of our Maxeon 3, Maxeon 6,
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's Chief Executive Officer George Guo stated, "Third quarter results were distorted due to deliveries detained by the United States Customs and Border Protection ("CBP"), fixed costs associated with factory shutdowns and low production levels, and costs and write-offs from our ongoing restructuring. On top of this, we contin
-- 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 financial performance was largely consistent with our guidance for the sec
--First Quarter Revenue of $187 Million-- --Financing Commitments Secured from Largest Shareholder-- SINGAPORE, May 30, 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 first quarter ended March 31, 2024. Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon has been facing a very difficult market environment since the third quarter of last year, with challenging industry pricing conditions and demand disruptions in our DG busin
SINGAPORE, May 21, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, announced that on May 17, 2024, it received a notice of non-compliance (the "Notice") from the Nasdaq Global Select Market ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) ("Listing Rule") because the Company did not timely file its annual report for the fiscal year ended December 31, 2023 on Form 20-F (the "Annual Report") with the Securities and Exchange Commission (the "SEC"). Th
SINGAPORE, May 13, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will postpone the release of its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results, previously scheduled for May 15, 2024 U.S. ET / May 16, Singapore Time, to May 23, 2024. The additional time is necessary to complete the Company's preparation of its annual and quarterly reports and to provide the market with a comprehensive business update. The earnings press release and supplemental
SINGAPORE, April 30, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024. The earnings press release and supplemental financial information will be available on the Investor Relations section of Maxeon's website at: https://corp.maxeon.com/investor-relations. The Company will also hold a conference call on May 15, 2024, at 5:00 PM U.S. ET / May 16, at 5:00 AM Singapore Tim
--$228 Million Revenue, $2.7 Million Gross Income-- --SunPower Dispute Settled-- SINGAPORE, Nov. 15, 2023 /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 October 1, 2023. Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon's Chief Executive Officer Bill Mulligan commented, "As indicated in our preliminary results announcement of our third quarter financials, the third quarter was significantly impacted by the
--$56 Million GAAP Gross Profit, $30 Million Adjusted EBITDA-- --New Mexico site selected for US cell and module facility-- SINGAPORE, Aug. 10, 2023 /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 July 2, 2023. Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon delivered another solid quarter, with year-on-year revenue growth of 46 percent and adjusted EBITDA above our guidance mid-point. We were thrilled to
SINGAPORE, Aug. 4, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the "Company"), a global leader in solar innovation and channels, today announced it will release its second quarter 2023 financial results on August 10, 2023. The earnings press release and supplemental financial information will be available on the Investor Relations section of Maxeon's website at: https://corp.maxeon.com/investor-relations. The Company will also hold a conference call on August 10, 2023, at 5:00 PM U.S. ET / August 11, 2023, at 5:00 AM Singapore Time, to discuss results a
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 its Board of Directors effective October 11, 2024. Mulligan will aid the leadership transition through January.
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Maxeon Solar Technologies, Ltd. ("Maxeon" or "the Company") (NASDAQ:MAXN) investors that a lawsuit filed on behalf of investors that purchased Maxeon securities between November 15, 2023 and May 29, 2024. Investors must file a lead plaintiff motion by August 26, 2024. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss i
SINGAPORE, April 1, 2024 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the appointment of Vikas Desai as Chief Commercial Officer, effective immediately. Desai joined Maxeon in October last year, as part of the Solaria asset acquisition and will now be responsible for the Company's global go-to-market and customer-facing functions. As a member of the executive leadership team, he will report directly to CEO Bill Mulligan. "Vikas is a respected solar industry veteran with an extensive track recor
Stonepeak-backed platform names industry veterans Gavin Adda, Geoffrey Jahnke as Chief Executive Officer, Chief Operating Officer Peak Energy Investments Ltd. ("Peak Energy"), a platform dedicated to the development, ownership, and operation of renewable assets in Asia, today announced the appointments of Gavin Adda as Chief Executive Officer and Geoffrey Jahnke as Chief Operating Officer, effective November 1, 2023. Both join from TotalEnergies (NYSE:TTE) Renewables Asia, where Gavin previously served as CEO, and Geoffrey previously served as COO / CFO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231031296514/en/ Peak Ener
SINGAPORE, Sept. 20, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the appointment of David H. Li to its Board of Directors, effective September 15, 2023. "It's a privilege to welcome David to Maxeon's Board. His valuable experience serving as a board director, his successful tenure as CEO of CMC Materials Inc., one of the world's largest semiconductor materials companies, and his three decades of experience managing teams around the world, will be beneficial as Maxeon moves forward with it
SINGAPORE, March 15, 2023 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced that Matt Dawson will be joining the company on March 20, 2023, to serve as Chief Technology Officer (CTO). Dawson will be responsible for the research and development (R&D) function globally, establishing the Company's new technology strategic roadmap and leading technological innovation and development. As a senior member of the executive team, Matt Dawson will report directly to the CEO Bill Mulligan. "We are thrilled to
SINGAPORE, June 6, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the appointment of Kris Sennesael to its Board of directors, effective immediately. Mr. Sennesael was also appointed as chair of the Audit Committee of the Board and as a member of the Compensation and Coordination Committees. "I am delighted to welcome Kris to the Maxeon's Board," said Jeff Waters, Chief Executive Officer of Maxeon Solar Technologies. "Kris is a global operational Chief Financial Officer with experience leadi
SINGAPORE, April 12, 2022 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a global leader in solar innovation and channels, today announced the appointment of Donald Colvin to succeed Kevin Kennedy as its new chairman of the board of directors ("Board"), effective immediately. Mr. Colvin is a seasoned business leader who has held a number of leadership positions for multinational companies, including the role of Chief Financial Officer for ON Semiconductor, Atmel Corporation, Isola, Caesars Entertainment Corporation, and European Silicon Structures. Mr. Colvin c
SINGAPORE, June 8, 2021 /PRNewswire/ -- Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the Company), a global leader in solar innovation and channels, today announced the appointment of Steve Leonard as an independent non-executive director to Maxeon's board of directors, effective June 7, 2021. Mr. Leonard is an international leader with more than 30 years of private and public sector experience in the technology industry in Asia and Europe. Steve Leonard, new independent non-executive director of Maxeon’s board of directors. Steve Leonard currently serves as CEO of Singularity University, a global organization dedicated to helping entrepreneurial leaders better unders
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6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
Morgan Stanley downgraded Maxeon Solar from Equal-Weight to Underweight and set a new price target of $4.00
Goldman downgraded Maxeon Solar from Buy to Sell and set a new price target of $1.00 from $11.00 previously
Northland Capital downgraded Maxeon Solar from Market Perform to Under Perform and set a new price target of $0.50 from $7.00 previously
Raymond James downgraded Maxeon Solar from Outperform to Mkt Perform
UBS downgraded Maxeon Solar from Neutral to Sell and set a new price target of $3.00 from $7.00 previously
Mizuho initiated coverage of Maxeon Solar with a rating of Neutral and set a new price target of $7.00
Northland Capital downgraded Maxeon Solar from Outperform to Market Perform and set a new price target of $7.00 from $25.00 previously
BofA Securities downgraded Maxeon Solar from Buy to Neutral and set a new price target of $12.00 from $31.00 previously
ROTH MKM downgraded Maxeon Solar from Buy to Neutral and set a new price target of $10.00 from $25.00 previously
UBS initiated coverage of Maxeon Solar with a rating of Neutral and set a new price target of $13.00