Maxeon Solar Stock Price, News & Analysis

Maxeon Solar Technologies (NASDAQ: MAXN) has announced a new 40-year warranty for its Maxeon Interdigitated Back Contact (IBC) solar panels, the longest in the industry. This warranty encompasses defects, power performance, and servicing, surpassing standard 12 and 25-year warranties. Based on extensive field studies and testing, the warranty assures a minimum output of 98% in the first year, with a maximum degradation of 0.25% annually. Effective for installations from January 1, 2022, the warranty is available in select markets, enhancing customer confidence in solar investments.

Maxeon Solar Technologies (NASDAQ:MAXN) has announced an expansion into the U.S. Commercial and Industrial (C&I) solar market through a partnership with Omnidian. The collaboration will see Maxeon sell IBC solar panels bundled with Omnidian's Performance Assurance product, enhancing bankability and ROI for its customers. Omnidian's Shield Plan provides comprehensive system protection and a cash-back performance guarantee, which is expected to significantly benefit project financing and operational efficiency. As such, this partnership positions Maxeon favorably in the growing solar energy sector.

Maxeon Solar Technologies (NASDAQ:MAXN) reported Q3 2021 results, with revenue of $220.5 million, up from $175.9 million in Q2. Shipments reached 566 MW, exceeding prior quarters. A gross loss of $16.7 million reflects ongoing supply chain challenges. Despite a COVID-19 shutdown in Malaysia, operations resumed with 99% employee vaccination. The company anticipates Q4 shipments of 540-570 MW and revenue between $215-$235 million, projecting a reduced gross loss of $5-$15 million. Key growth includes a 50% rise in microinverter sales and a new 200 MW project in India.

Maxeon Solar Technologies (NASDAQ:MAXN) announced it will supply up to 400 MW of its bifacial Performance 5 UPP solar panels for the Danish Fields Solar power plant project near Houston, Texas.

Modules are scheduled for delivery between late 2022 and Q3 2023. Maxeon's high-efficiency panels are designed to enhance durability, performance, and energy cost efficiency.

CEO Jeff Waters highlighted opportunities in the U.S. market, expecting the Performance line to contribute significantly to energy production and investment returns.

Maxeon Solar Technologies (NASDAQ:MAXN) announced that it will release its third quarter 2021 financial results on November 17, 2021. The earnings report and supplemental financial information will be accessible on the Investor Relations section of Maxeon's website. A conference call to discuss the results will also take place on the same date at 5:30 PM U.S. ET and 5:30 AM Singapore Time on November 18, 2021. The call will feature a Q&A session, and a replay will be available within 24 hours after the event.

Maxeon Solar Technologies (MAXN) reported its Q2 2021 results, with revenue reaching $175.9 million, up from $165.4 million in Q1 2021. However, the company experienced a net loss of $77 million, worsening from the previous quarter's loss of $38.8 million. Operationally, Maxeon continues to optimize its manufacturing processes, phasing out older products while preparing for the Maxeon 6 ramp-up. Notably, the company secured $170 million from a public offering, improving its liquidity. Looking ahead, for Q3 2021, Maxeon expects shipments between 580-640 MW and revenue between $220-240 million, but anticipates a gross loss between $10-20 million.

Maxeon Solar Technologies (NASDAQ: MAXN) announced the release date for its second quarter 2021 financial results, set for August 12, 2021. The Company will host a conference call on the same day at 5:30 PM U.S. ET to discuss the results and provide a business update. Investors can access earnings info on their website, with a replay available post-call for a limited time. Maxeon continues to lead in solar innovation, with extensive global operations and a strong patent portfolio.

Maxeon Solar Technologies (NASDAQ:MAXN) has launched the new Performance 3 AC panel, expanding its AC Energy Solutions portfolio. Following the successful introduction of the Maxeon 5 AC panel, this new offering aims to cater to varying market segments with a cost-effective solar solution. The Performance 3 panel enhances installation efficiency and provides homeowners a reliable, customizable solar system. Available to international markets through authorized installers, the panel will be showcased at The smarter E Industry Days on July 23, 2021.