Maxeon Solar Technologies Preliminary Q4 Earnings: Don't Buy This Dip [Seeking Alpha]
Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN)
Company Research
Source: Seeking Alpha
The company's net debt position has significantly increased, surpassing its market capitalization. Projected negative adjusted EBITDA margins indicate worsening losses amid shrinking revenues, highlighting the growing financial strain on MAXN. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Maxeon Solar Technologies ( NASDAQ: MAXN ) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip. Not only are its revenues expected to shrink by 37% y/y, but more crucially, its net debt position has significantly increased. What's more, the business' underlying cash burn is rapidly increasing. I believe investors would do well to avoid buying this dip. Maxeon Solar Technologies Near-Term Prospects Maxeon Solar Technologies operates in the solar energy industry. They focus on two main areas: utility-scale solar projects a
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MAXN
News
- XBP, NXTT among major tech gainers; FSLY, BNAI among losers [Seeking Alpha]Seeking Alpha
- Extremely Active Hurricane Forecast Highlights the Importance of Resilient Solar Power [Yahoo! Finance]Yahoo! Finance
- Extremely Active Hurricane Forecast Highlights the Importance of Resilient Solar PowerPR Newswire
- Maxeon Solar Technologies to Release Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024 [Yahoo! Finance]Yahoo! Finance
- Maxeon Solar Technologies to Release Fourth Quarter, Fiscal Year 2023 and First Quarter 2024 Financial Results on May 15, 2024PR Newswire
MAXN
Earnings
- 11/15/23 - Miss
MAXN
Sec Filings
- 4/30/24 - Form NT
- 4/26/24 - Form 6-K
- 4/8/24 - Form 6-K
- MAXN's page on the SEC website