Maxeon Solar Stock Price, News & Analysis

Maxeon Solar Technologies (NASDAQ: MAXN) announced the release date for its fourth quarter and fiscal year 2022 financial results, scheduled for March 7, 2023. The earnings press release will be accessible on their Investor Relations page. Following the release, a conference call will take place on the same day at 5:00 PM U.S. ET to discuss the results. Participants can register for the call through a provided link. Maxeon is recognized globally for its solar innovation, operating in over 100 countries with a robust portfolio of patents and product lines.

SunPower Corp. (NASDAQ:SPWR) reported record Q4 results with nearly 24,000 new customers and revenue of $497 million, reflecting a 43% YoY growth. The company achieved a GAAP net income of $8 million and adjusted EBITDA of $36 million. For the full year 2022, SunPower added 83,000 customers, generating $1.7 billion in revenue, a 53% increase YoY, and net income of $56 million. As of January 2023, SunPower boasts a strong financial position with $48 million in net recourse debt, and successfully repaid $425 million in convertible debt. The company continues to secure new supply agreements to meet rising demand.

Maxeon Solar Technologies (NASDAQ: MAXN) has been recognized in the 2023 Global 100 Index of the most sustainable corporations by Corporate Knights, marking a significant achievement after only two years of operation. The index ranks companies on 25 key indicators, including revenue from clean power and sustainable investments, employee management, and supply chain sustainability. Maxeon's commitment to sustainability is reflected in its focus on recycling, lean manufacturing, and high female representation in management. This recognition is viewed as validation of Maxeon’s business model and a motivator for ongoing advancements in the clean energy sector.

SunPower Corp. (SPWR) and Maxeon Solar Technologies (MAXN) have extended their supply agreement through 2025. This agreement allows SunPower to meet increasing homeowner demand by securing additional high-efficiency IBC solar panels from Maxeon. The updated deal enhances Maxeon's presence in the U.S. residential market and includes exclusive sales of Maxeon 6 panels. Both companies aim to leverage this collaboration to advance solar technology and meet rising consumer needs for clean energy solutions.

Maxeon Solar Technologies (NASDAQ: MAXN) announced that Bill Mulligan will become the new CEO and a member of the Board of Directors on January 23, 2023. Mulligan brings extensive experience in solar technologies, having previously served as COO at Sila Nanotechnologies and CEO of SolarBridge. His leadership is expected to guide Maxeon through expansion phases, including a new 3 GW factory in the U.S. and launching next-generation products. Former CEO Jeff Waters is succeeded by Mulligan, while Mark Babcock resumes his role as Chief Revenue Officer.

Maxeon Solar Technologies reported Q3 2022 results, achieving key milestones in its distributed generation and utility-scale businesses. Shipments increased to 605 MW, with revenue reaching $275.4 million, up from $238.1 million in Q2. The company anticipates achieving break-even gross margins in Q4 2022, driven by improved performance in Europe and a new partnership with Greentech Renewables. Looking ahead, Maxeon expects a shipment range of 680-720 MW in Q4, with projected revenues between $290-$330 million.

Maxeon Solar Technologies (NASDAQ:MAXN), a leader in solar innovation, has announced its third quarter 2022 financial results will be released on November 10, 2022. The earnings press release and additional financial information will be accessible on their Investor Relations section. A conference call to discuss the results will also take place on the same date at 5:00 PM U.S. ET / 5:00 AM Singapore Time the following day. Webcast replays will be available for one year.

Maxeon Solar Technologies (NASDAQ: MAXN) announced a partnership with Star Charge to integrate EV charging solutions into its SunPower One home energy ecosystem. This initiative aims to enhance consumer benefits by combining solar energy management with electric vehicle charging. The products are set to launch in select European markets in early 2023, promoting financial and environmental savings for homeowners. Interim CEO Mark Babcock emphasized the importance of partnerships in driving clean energy adoption, while Star Charge's CEO, Toni Cheng, noted the synergy between EVs and solar technology.