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Maxeon Solar Technologies
(NASDAQ:MAXN)
Maxeon Solar Technologies (MAXN) vs. SPDR S&P 500 ETF (SPY)
Maxeon Solar Technologies Business Overview & Revenue Model
Maxeon Solar Technologies Earnings Call Summary
Maxeon Solar Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 176.41M | 509.05M | 1.12B | 1.06B | 783.28M | 844.84M |
| Gross Profit | -242.06M | -249.41M | 78.11M | -47.95M | -29.01M | -9.78M |
| EBITDA | -504.08M | -507.79M | -175.21M | -141.33M | -169.00M | -46.50M |
| Net Income | -565.38M | -614.30M | -275.83M | -267.42M | -254.52M | -142.63M |
Balance Sheet | ||||||
| Total Assets | 186.31M | 376.27M | 1.00B | 1.26B | 1.06B | 980.34M |
| Cash, Cash Equivalents and Short-Term Investments | 17.23M | 28.89M | 190.17M | 303.44M | 166.54M | 206.74M |
| Total Debt | 319.48M | 311.49M | 437.66M | 449.80M | 187.27M | 198.98M |
| Total Liabilities | 507.96M | 664.64M | 997.37M | 1.21B | 701.67M | 541.06M |
| Stockholders Equity | -327.46M | -293.84M | -1.11M | 42.44M | 349.46M | 432.64M |
Cash Flow | ||||||
| Free Cash Flow | -234.74M | -322.31M | -321.89M | -60.04M | -159.54M | -216.85M |
| Operating Cash Flow | -218.25M | -270.16M | -254.29M | 3.44M | -4.87M | -189.16M |
| Investing Cash Flow | 69.48M | -25.24M | 13.93M | -139.30M | -154.45M | -45.49M |
| Financing Cash Flow | 92.61M | 141.23M | 167.95M | 211.47M | 141.81M | 320.35M |
Maxeon Solar Technologies Technical Analysis
Maxeon Solar Technologies Risk Analysis
Maxeon Solar Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $3.80B | 22.28 | 20.31% | ― | 20.97% | 226.98% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.44B | ― | ― | 9.66% | -30.26% | -156.69% | |
51 Neutral | $1.67B | ― | -0.25% | ― | -9.11% | -118.62% | |
51 Neutral | $1.27B | ― | -7.75% | ― | 35.75% | 37.97% | |
49 Neutral | $2.44B | ― | -78.09% | ― | -0.14% | ― | |
41 Neutral | $58.80M | ― | ― | ― | -54.68% | 63.56% |
Maxeon Solar Technologies Corporate Events
On September 30, 2025, Maxeon Solar Technologies announced the appointment of Mr. Bin Zhou as a non-executive director, following the resignation of Mr. Wang Yanjun. Mr. Zhou, representing the company’s controlling shareholder Zhonghuan Singapore Investment and Development Pte. Ltd., brings over 17 years of experience in strategic growth and financial management, which is expected to enhance Maxeon’s strategic direction and market positioning.
On September 17, 2025, Maxeon Solar Technologies amended its Bilateral Development Services Agreement with Zhonghuan Hong Kong Limited and Lumetech PTE Ltd. The amendment, effective from July 1, 2025, restructures financial and operational responsibilities, with TZE HK assuming a larger share of research and development costs and gaining expanded intellectual property rights. The agreement also broadens the geographical scope of collaboration to include Singapore and China, focusing on the exclusive development of MAX8 Technology. The amended agreement eliminates the joint management committee, granting TZE HK strategic control over the project, while MSPL will execute the project under TZE HK’s oversight.
On August 29, 2025, Maxeon Solar Technologies held its Annual General Meeting of Shareholders, where five key proposals were approved. These included the adoption of the Directors’ Statement and Audited Financial Statements for 2024, the re-election of Dr. Teo Tong Kooi as a Director, approval of his annual fees, appointment of NLA DFK Assurance PAC and Marcum Asia CPAs LLP as auditors, and authorization for directors to issue shares. These decisions are expected to strengthen the company’s governance and operational capabilities.
On August 14, 2025, Maxeon Solar Technologies announced its financial results for the first half of 2025, reporting a revenue of $39 million. The company faced challenges due to the exclusion of its solar panels from U.S. imports by the U.S. Customs & Border Protection since July 2024, which they are contesting in court. Maxeon is evaluating the impact of recent U.S. legislation on its operations and is considering strategic alternatives to adapt its business. The company is also undertaking restructuring initiatives to strengthen its financial position, including discussions with its controlling shareholder, TZE, to reduce liabilities and exploring monetization opportunities for non-U.S. assets.
Maxeon Solar Technologies announced the termination of its relationship with Ernst & Young LLP as its independent registered public accounting firm, effective August 29, 2025. This decision, approved by the company’s audit committee, was not due to any disagreements on accounting principles or practices. The company plans to appoint Marcum Asia as its new auditor, pending shareholder approval at the 2025 annual general meeting. The reports from EY for the years ending December 31, 2024, and 2023 did not contain any adverse opinions, except for an explanatory paragraph regarding the company’s ability to continue as a going concern.
Maxeon Solar Technologies announced its Annual General Meeting (AGM) scheduled for August 29, 2025. Key agenda items include the re-election of Dr. Teo Tong Kooi as a director, approval of his annual fees, and a proposed change of auditors from Ernst & Young LLP to NLA DFK Assurance PAC and Marcum Asia CPAs LLP. This change aims to bring fresh perspectives and enhance cost efficiencies. The company has expressed appreciation for the services of the retiring auditors, EY.