Welcome to our dedicated page for Maxeon Solar news (Ticker: MAXN), a resource for investors and traders seeking the latest updates and insights on Maxeon Solar stock.
Maxeon Solar Technologies (MAXN) delivers premium solar solutions through advanced engineering and global operations. This news hub provides investors and industry professionals with authoritative updates on corporate developments, technological breakthroughs, and market expansions.
Access real-time announcements including quarterly earnings reports, strategic partnerships, product innovations, and operational milestones. Our curated collection ensures transparent access to MAXN's verified press releases and official statements, serving as a critical resource for informed decision-making.
Key updates cover solar panel technology advancements, manufacturing capacity changes, international market entries, and sustainability initiatives. Regular updates reflect MAXN's position in renewable energy markets across six continents through its network of 1,700+ partners.
Bookmark this page for direct access to MAXN's evolving story in solar innovation. Combine monitoring of financial performance with insights into patented IBC technology developments and quality-focused manufacturing processes that define industry standards.
Maxeon Solar Technologies (NASDAQ: MAXN) has partnered with CED Greentech to enhance its residential channel program in the U.S. This alliance leverages CED's position as the largest solar equipment distributor in the U.S. and Maxeon's advanced solar panel technology. The U.S. residential solar market is expected to grow 50% in the next five years, and Maxeon's IBC panels generate 85% more energy than conventional systems. Products will be available for purchase later this year, with deliveries starting in January 2023.
Maxeon Solar Technologies (NASDAQ: MAXN) has appointed Philippe Costemale as the new Chief Operating Officer (COO), effective August 2022. He will oversee global manufacturing, operations, and supply chain activities, succeeding Dr. Markus Sickmoeller, who will depart in September 2022. With over 20 years of experience in smart manufacturing and supply chain management, Costemale aims to enhance Maxeon's transformation and product introduction while driving costs down. This leadership change comes amid growth initiatives, including the launch of SunPower One and a partnership with AlphaESS for integrated clean energy solutions.
Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) will announce its first quarter 2022 financial results on May 26, 2022. Following the release, a conference call will be held at 5:30 PM U.S. ET to discuss the results and business updates. Investors can access the earnings release on the Investor Relations page. Maxeon is recognized as a leader in solar innovation, operating in over 100 countries and holding more than 1,000 patents.
Maxeon Solar Technologies (NASDAQ: MAXN) has formed a global strategic partnership with AlphaESS to create integrated clean energy solutions for residential customers. This collaboration combines AlphaESS' advanced energy storage and conversion technologies with Maxeon's leading solar panel innovations. The joint effort aims to promote energy independence and sustainability through an ecosystem of smart energy products. Both companies leverage their expertise to enhance customer experience and drive savings while contributing positively to the environment.
Maxeon Solar Technologies (NASDAQ:MAXN) launched the SunPower One integrated home energy solution, combining solar panels, battery storage, and actionable energy insights. This innovative offering aims to help homeowners manage energy consumption efficiently, leveraging Maxeon's 35+ years of industry experience. The solution identifies energy-saving opportunities and will soon include new products like electric vehicle chargers. Available initially in Australia by Q3 2022, it will expand globally, excluding the US and Canada. The rollout will be featured at Intersolar Europe on May 11-13, 2022.
Maxeon Solar Technologies (NASDAQ: MAXN) announced a partnership with OpenSolar to enhance its installer network through the SunPower Design software. This tool enables installers to create accurate proposals quickly, improving customer service and operational efficiency. The initiative is part of Maxeon's digital transformation strategy, aiming to address the needs of its channel partners. The software will initially be available to SunPower-branded partners in Europe, Australia, and Mexico, further solidifying Maxeon's position in the solar industry during the energy transition.
Maxeon Solar Technologies (NASDAQ: MAXN) and Canadian Solar (NASDAQ: CSIQ) have resolved a patent infringement lawsuit in Tokyo District Court regarding Maxeon's Japan Patent No. JP6642841B2 related to shingled solar cell modules. As part of the settlement, Canadian Solar will withdraw its challenges to the patent and will cease selling shingled solar modules in Japan until Q2 2025, after fulfilling certain 2022 orders. The terms of the settlement remain confidential, emphasizing both companies' dedication to intellectual property rights.
Maxeon Solar Technologies (NASDAQ: MAXN) announced the appointment of Donald Colvin as the new chairman of the board, succeeding Kevin Kennedy, effective immediately. Colvin, who previously served as CFO for notable multinational companies, is an independent director and has been on Maxeon's board since its public listing. CEO Jeff Waters praised Colvin's extensive experience in global technology. Kennedy will continue as chairman of the Compensation Committee and is in the process of transitioning as an independent director. A search for a successor is underway.
Maxeon Solar Technologies (MAXN) reported its Q4 and full-year financial results for 2021, with shipments totaling 577 MW and revenue of $221.5 million. Despite facing supply chain challenges, the company achieved over 700 MW in new bookings and a backlog exceeding 2 GW. However, it recorded a net loss of $73.3 million for Q4 and a gross loss of $10.5 million. For Q1 2022, Maxeon anticipates revenue between $210-$220 million and shipments of 475-495 MW while managing high polysilicon costs that impact profitability.
On March 24, 2022, Maxeon Solar Technologies (NASDAQ:MAXN) will release its fourth quarter and fiscal year 2021 financial results. A conference call is scheduled for 5:30 PM U.S. ET on the same day. The earnings release, along with supplemental financial data, will be accessible on Maxeon's Investor Relations page. Maxeon is recognized for innovation in solar technology, holding over 1,000 patents and offering renowned solar panels under the Maxeon® and SunPower® brands worldwide.
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