MAXEON SOLAR TECHNOLOGIES, LTD. (Registrant) | ||||||||||||||||||||
December 5, 2024 | By: | /s/ Dmitri Hu | ||||||||||||||||||
Dmitri Hu | ||||||||||||||||||||
Chief Financial Officer |
Exhibit | Title | |||||||
Press release on third quarter 2024 financial results | ||||||||
Financial results for the third quarter ended September 29, 2024 |
MAXEON SOLAR TECHNOLOGIES, LTD. (Registrant) | ||||||||||||||||||||
December 5, 2024 | By: | /s/ Dmitri Hu | ||||||||||||||||||
Dmitri Hu | ||||||||||||||||||||
Chief Financial Officer |
Exhibit | Title | |||||||
Press release on third quarter 2024 financial results | ||||||||
Financial results for the third quarter ended September 29, 2024 |
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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 |
SC 13D/A - Maxeon Solar Technologies, Ltd. (0001796898) (Subject)
SC 13G/A - Maxeon Solar Technologies, Ltd. (0001796898) (Subject)
SC 13G/A - Maxeon Solar Technologies, Ltd. (0001796898) (Subject)
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
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
6-K - Maxeon Solar Technologies, Ltd. (0001796898) (Filer)
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
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
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