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 |
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
--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.