We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Maxeon Solar Technologies Ltd

Maxeon Solar Technologies Ltd (MAXN)

Closed July 19 3:00PM
After Hours: 6:59PM

Professional-Grade Tools, for Individual Investors.


Official News Only

MAXN Discussion

View Posts
Tahoe2468 Tahoe2468 3 hours ago
No problem I’m new to this stock longer hold till $10+ and I like to see what I’m getting into if it was a daytrade I read candles lol
green maschine green maschine 3 hours ago
Wow Tahoe, thanks for compiling all the dd. Good times ahead.💎
Tahoe2468 Tahoe2468 4 hours ago
Maxeon getting nearly $200M investment from Chinese firm
By Ryan Boetel / Journal Business Editor May 31, 2024

Maxeon Solar Technologies CEO Bill Mulligan discusses the company’s planned $1 billion investment in a manufacturing facility at Mesa del Sol during a press conference with the governor and other public officials on Aug. 11.
Jon Austria / Journal
1 of 3

Maxeon Solar Technologies employees, city, county and state representatives and community members mingle during an event at the Aperture Center at Mesa del Sol in Albuquerque on Friday.
Jon Austria / Journal

New Mexico Gov. Michelle Lujan Grisham speaks at the Aperture Center at Mesa del Sol in Albuquerque on Friday.
Jon Austria / Journal
Maxeon Solar Technologies rendering

A rendering of Maxeon Solar Technologies’ future manufacturing site at Mesa del Sol.
Courtesy of Maxeon Solar Technologies

Copy article link
The company behind a more than billion dollar manufacturing project in Albuquerque is being investigated for violating federal securities laws, has seen a drop in stock value, delayed releasing its recent quarterly financial reports and now has received a significant investment from a Chinese company to help the company’s balance sheet.

Maxeon Solar Technologies officials said they remain committed to the project, and the company previously said it plans to break ground in the second half of 2024. The company’s CEO said it is making progress on restructuring initiatives.

“Maxeon has been facing a very difficult market environment since the third quarter of last year,” Maxeon CEO Bill Mulligan said in a Thursday news release. “These external factors led to underutilized manufacturing operations, increased product costs, and lower revenue and profit than planned.”

TCL Zhonghuan Renewable Energy Technology Co. Ltd., TZE, Maxeon’s largest shareholder which is based in China, agreed to invest $97.5 million via a debt investment and an additional $100 million equity investment, Maxeon announced Thursday.

“We believe that these transactions are necessary to provide sufficient liquidity to enable the company to return to profitability,” Mulligan said in the release. “These transactions, however, will result in substantial dilution to existing public shareholders, with TZE ultimately becoming a controlling shareholder, subject to regulatory approvals.”

Bruce Krasnow, a spokesman for the New Mexico Economic Development Department, said the state has a long history of partnering with foreign companies on projects. He gave five recent examples, which included three companies headquartered Taiwan, a Mexican company and an Australian company.

“EDD has pursued Foreign Direct Investments into New Mexico to help global companies diversify manufacturing and supply chains, to diversify our economy, and create jobs for New Mexicans,” he said.

In August, New Mexico and Maxeon officials gathered in Mesa del Sol to announce that the company was going to make an immediate $1 billion investment to build a 1.9 million-square-foot manufacturing facility in the master-planned community in south central Albuquerque. Once completed, they said, it would change the landscape of domestic solar cell manufacturing in the U.S. by onshoring production.

Construction was originally supposed to begin in early 2024, and the facility was expected to go online in 2025, according to the governor’s office.

The company is expected to receive a significant amount of public money over the coming decades, which state officials said was critical in recruiting it to New Mexico. Those government incentives could total more than $600 million over the next two decades, state officials previously have said.

The public support was expected to include $20 million in Local Economic Development Act funding, hundreds of millions of dollars in industrial revenue bonds and rebates on gross receipts for construction, plus additional incentives.

Krasnow said the LEDA money has been transferred to the city of Albuquerque for administration, but there have been no disbursements to the company yet.

“It’s not unusual for large industrial projects to take longer than expected, so please reach out to (Maxeon) for an update,” he said.

Meanwhile, Maxeon stock has dropped in value significantly in the past year. Its 52-week high was $32.58 per share, and its 52-week low was $1.71 per share. The company’s stock was trading at $2.02 on Thursday.

The Albuquerque manufacturing site would be the fruition of a key goal of the federal Inflation Reduction Act, which President Joe Biden signed into law in 2022. One of the goals of the law was to recruit major solar-cell manufacturers away from competitor countries to build sites here.

“These are some serious red flags and New Mexico’s elected officials should be demanding real answers before sending millions down this road,” said Larry Behrens, the communications director for Power the Future, a fossil fuel advocacy organization. “This is the biggest problem with the Inflation Reduction Act, taxpayers are on the hook for footing costs with little to no guarantee we will see the promised results. This is just more evidence to prove the green industry can’t stand on its own without massive handouts paid for by hardworking New Mexicans.”

Maxeon earlier this month announced it received a noncompliance notice from Nasdaq for delaying the release of its annual report. This week, two shareholder rights law firms announced they were investigating the company for potential violations of federal securities laws.

A Maxeon spokesman said in an email that the company remains committed to the Albuquerque project, and that it has been managing the complicated process of building an advanced manufacturing factory in an empty field.

“That work continues, and we are committed to meeting the demand for solar energy in the United States by providing more products made in the U.S., especially for the growing utility-scale market,” the spokesman said. “Market conditions necessitate, however, a deliberate approach to realizing this goal, along with policies that crack down on cheap imports and protect Intellectual Property.”
👍️ 1
Tahoe2468 Tahoe2468 4 hours ago
Tahoe2468 Tahoe2468 4 hours ago
Albuquerque City Council approves $2.4 billion solar manufacturing plant

Laila Freeman
8 months ago

ALBUQUERQUE, N.M. (KRQE) – City councilors have paved the way to build a massive solar manufacturing facility in Mesa del Sol.

The council voted on a number of measures in support of the company Maxeon Solar Technologies investing $2.4 billion in a manufacturing plant.

10 films you might not know were filmed in New Mexico
The plant will manufacture photovoltaic cells and assemble them into solar panels, something Maxeon claims sets them apart since other U.S. companies import those cells from overseas.

The plant is expected to employ 1,500 people and create 2,000 construction jobs in the coming years.

City and state leaders said the project promises a major economic boost for Albuquerque and the state.

Maxeon said the plant is expected to be operational by 2025.

Categories: Albuquerque News, Home, Latest News, News, Top Stories, Video
Tags: Albuquerque, New Mexico, Social

👍️ 1
Tahoe2468 Tahoe2468 4 hours ago
I’m old I’m bored if I can remember I’ll call tomorrow to investigate and see if any permits pulled to start building it! LOL UNLESS SOMEONE ONE HERE SMARTER THAN ME COULD FIGURE IT OUT ON THE WEB AND POST YOUR FINDINGS LOL

Maxeon Solar Technologies to build $1B New Mexico solar panel factory
The 160-acre site will be the Singapore-based company’s first U.S. facility, spurred in part by the Inflation Reduction Act.

Published Aug. 11, 2023
Kate Magill's headshot
Kate Magill
Lead Editor
A rendering of Maxeon Solar Technology's planned solar panel factory in Albuquerque, New Mexico.
A rendering of Maxeon Solar Technologies’ planned solar panel factory near Albuquerque, New Mexico. Courtesy of Maxeon Solar Technologies
First published on Manufacturing Dive
Listen to the article
3 min
Dive Brief:

Maxeon Solar Technologies will build a $1 billion, three-gigawatt solar panel factory in Albuquerque, New Mexico, the company announced yesterday.
The plant will be the Singapore-based manufacturer’s first production facility in the U.S., and it will create 1,800 jobs.
The company plans to produce utility-scale and rooftop panels meant for residential and commercial use. Construction on the 160-acre site is expected to begin in Q1 2024, with production slated for 2025.
SPONSORED by Energy Exemplar
ISO-NE performs Grid Transformation Planning with PLEXOS
See the Results
Dive Insight:

Maxeon plans to bring the first large-scale solar panel and cell factory to New Mexico, adding to the company’s manufacturing footprint across Mexico, Malaysia and the Philippines.

Like many foreign manufacturers that have announced U.S. facilities in the past year, Maxeon executives credited the Inflation Reduction Act with enticing them to invest in the country.

“The Inflation Reduction Act has catalyzed a new chapter in America’s energy transition. Our new solar cell and panel facility in New Mexico is an ambitious and concrete response to the need to decarbonize the U.S. economy while creating permanent highly-skilled local manufacturing and engineering jobs,” Maxeon CEO Bill Mulligan said in a statement. “We expect the new plant will also serve as an anchor to attract further regional investment in the solar supply chain.”

New Mexico expects the project to bring $4.2 billion to the state over the next 10 years.

Maxeon is building its new plant as it experiences major growth. The company’s Q2 revenue grew 46% YoY, which Mulligan attributed to increasing exposure to the U.S. utility-scale sector during a Thursday earnings call.

“Due to strong customer demand and the anticipated availability of sufficient infrastructure at the New Mexico site, we are evaluating the option of upsizing the scale of our U.S. factory by approximately 50% to a nameplate capacity of 4.5 gigawatts,” the CEO told investors.

Maxeon is now applying for a loan for the project from the Department of Energy’s Clean Energy Financing Program, which supports deployment and infrastructure initiatives to reduce greenhouse gas emissions.The company did not disclose the size of the loan but noted that site selection is a key step in the application process.
Tahoe2468 Tahoe2468 4 hours ago
New Record-Setting Solar Panel Is the Most Efficient of Its Kind

Find out when Maxeon's new solar panel will be available to rooftops in the US.

Article updated on April 3, 2024 at 9:32 AM PDT

Solar panels on a roof.
Maxeon 7 solar panels -- not pictured here -- set a new standard for residential solar panels.
Getty Images
For years, Maxeon has manufactured some of the most efficient solar panels for residential applications. Now it's set a new efficiency record with the Maxeon 7 residential solar panel: 24.9%. The figure was confirmed by the US National Renewable Energy Laboratory.

The new benchmark serves "to set the pace for the entire solar industry," Matt Dawson, Maxeon's chief technology officer, said in a statement in March. The most efficient residential solar panels available today have maximum efficiency marks that top out around 23%.

In real-world situations, Maxeon expects, its panel will be 24.1% efficient, according to the panel's spec sheet. Environmental factors, like fluctuating temperatures, affect solar panel efficiency.

👍️ 1
Tahoe2468 Tahoe2468 4 hours ago
Not to beat a dead horse, but how is this company sitting at $.24 right now is beyond me!!!!!

Best overall: Maxeon 7

The new most efficient residential solar panel is the Maxeon 7, which unseated older Maxeon and Canadian Solar panels. Maxeon has led the industry in solar panel efficiency for some time, and its newest offering had its record-setting efficiency mark confirmed by the National Renewable Energy Laboratory. The 24.9% efficiency recorded in lab settings translates to about 24.1% in more realistic settings -- essentially, what'd be recorded if they were tested on your rooftop. There's one catch for American solar shoppers: It won't be available outside of Europe until late 2024.

While nearly 25% is an eye-catching number, experts have told us that fixating on efficiency isn't always the way to go. You'll want to consider the whole output of a solar panel system and its total cost, not just the specs of an individual panel. Small jumps in efficiency might not be worth major leaps in your project costs, especially considering your price will be multiplying based on your solar panel system size. And you may not want to wait for better or cheaper options, although solar tech keeps improving and installation costs are trending down. Still, if you have limited space -- such as a small roof or a lot of shading -- highly efficient panels could make sense. Here are those that perform the best.

What is solar panel efficiency?

Solar panels may all seem basically the same, but they're different in at least a few ways. One of those ways, efficiency rating, measures how much of the sun's energy a panel's solar cells turn into usable electricity. More efficient solar panels will generate more electricity than less efficient ones given the same amount of sunlight.

Can solar panels save you money?

Interested in understanding the impact solar can have on your home? Enter some basic information below, and we’ll instantly provide a free estimate of your energy savings.
👍️ 1
Tahoe2468 Tahoe2468 4 hours ago
Tahoe2468 Tahoe2468 4 hours ago
In August, Maxeon announced plans to build a 3GW solar cell and module production facility in Albuquerque, New Mexico to produce tunnel oxide passivated contact (TOPCon) solar products. It also operates a module assembly plant in Mexico, which last year it expanded to 1.8GW of capacity.

Mulligan continued: “While current pricing and demand conditions remain challenging, we are seeing some positive trade policy trends and we are cautiously optimistic that these could result in stronger pricing power, improved demand and incremental bookings.”
Tahoe2468 Tahoe2468 4 hours ago
They release news about once a month soooooo pray tomorrow for some PR or early next week! If I’m lying, I’m dying lol
Tahoe2468 Tahoe2468 4 hours ago
Brand New New Mexico plant!!! If we get news this is being built this goes to $3!!!
Connect the dots…..
Tahoe2468 Tahoe2468 6 hours ago
Maxeon Solar Technologies Ltd Stock (MAXN) Forecast

The Maxeon Solar Technologies Ltd (MAXN) stock price forecast for the next 30 days is generally positive, with an average analyst price target of $5.6010, representing a +2229.87% increase from the current price of $0.2404. The highest analyst price target is $11.15, and the lowest is $0.0570.
👍️ 1 🤑 1
Tahoe2468 Tahoe2468 6 hours ago

Even AI predicts much higher prices coming and they are smarter than us lol
👍️ 1
Tahoe2468 Tahoe2468 7 hours ago

Food for thought from Elon himself
Tahoe2468 Tahoe2468 7 hours ago
LOB LOB 9 hours ago
Today's News. What I miss. Thanks.
green maschine green maschine 9 hours ago
Today's news explains the price drop to these levels. So LFG MAXN!
WolfWayne WolfWayne 9 hours ago
A brief history regarding SunPower and Maxeon Solar Technologies for those so inclined:

**1985** SunPower is founded by Dr. Richard Swanson, a professor of electrical engineering at Stanford University.

**2005** SunPower goes public, trading on the NASDAQ under the ticker symbol SPWR.

**2014** SunPower acquires the solar panel manufacturing business of AU Optronics, which later becomes part of Maxeon's manufacturing operations.

**November 2019** SunPower announces plans to spin off its solar panel manufacturing business into a new entity called Maxeon Solar Technologies. This move is intended to allow SunPower to focus on its energy services and solutions.

**August 2020** Maxeon Solar Technologies officially spins off from SunPower, becoming an independent publicly traded company on NASDAQ under the ticker symbol MAXN. The spin-off includes Maxeon Solar's manufacturing operations and solar panel technology

**July 2023** Maxeon pauses shipments to SunPower** due to contract disputes. This marks a significant disruption in their business relationship, affecting both companies' operations and financials

**April 2024** SunPower announces significant restructuring measures, including the closure of several business units and a workforce reduction of about 26% due to slower-than-expected market recovery and financial misstatements. This restructuring impacts Maxeon, leading to its own workforce reduction and manufacturing changes

**July 18, 2024**: SunPower halts operations as part of its broader restructuring efforts, affecting approximately 25% of Maxeon's revenue, which was derived from SunPower purchases.
green maschine green maschine 10 hours ago
Yep, MAXN looking strong bucking the Nasdaq downtrend with ascending triangle.
WolfWayne WolfWayne 10 hours ago
Locked in 10k today.
peterus peterus 10 hours ago
and soon 1billion shares
Tahoe2468 Tahoe2468 10 hours ago
Down 2% when big markets are tanking I’d say a WIN!
ttottip ttottip 13 hours ago
Green soon.
Tahoe2468 Tahoe2468 13 hours ago
Golden cross coming….
ttottip ttottip 13 hours ago
These volumes are precede that. Let the time work for us!
peterus peterus 13 hours ago
Tahoe2468 Tahoe2468 13 hours ago
Daytraders dream bouncing .24 to .27 daily lol
peterus peterus 13 hours ago
agree but dumping 100s Millions shares is beyond me
Tahoe2468 Tahoe2468 13 hours ago
Shorting a $1 billion company is beyond me
👍️ 1
Tahoe2468 Tahoe2468 14 hours ago
Only thing is big markets are down today killing our mojo but at 1 PM central or 2 PM Eastern sounds like it’s a coordinated buy at ask that’s my kind of style pretty cool actually if it does work.
Tahoe2468 Tahoe2468 14 hours ago
I guess on this one common sense tells me which I never long-term hold but for a company that has $1 billion in sales 4000 employees sitting at $.24 how many sitting out there in OTC land out there that are priced higher than we are that makes stuff in a shed OR DON’T EVEN HAVE A SHED YET LOL. Just a big company that got beat down for having a crappy quarter.
moneydreamer moneydreamer 16 hours ago
I thought I am the only one dreaming big lol$$$ I hope you right$$$
peterus peterus 16 hours ago
you will have to wait till company stops dumping... they dumped already 400 mil shares in 3 weeks
ttottip ttottip 16 hours ago
Patiently waiting for the short squeeze.
Tahoe2468 Tahoe2468 17 hours ago
2pm or 1pm eastern today sounds like everyone buying today we shall see!
ttottip ttottip 18 hours ago
Preparing to run?
green maschine green maschine 18 hours ago
Huge buys at .2510
Tahoe2468 Tahoe2468 22 hours ago
ive changed my price target from $10 to $45 simply because i was in the Amc squeeze ( yea i sold at $65 and made life changing money) With that said Maxn has the same feel the same powerful retail investors the same hunger and not just that this time it isnt a failing movie theater its about a company that employs over 5000 workers its about a company that generates billions in revenue its about its about fighting for the future of those 5000 workers its about fighting the crooks of wall street so if i missed the gme squeeze then i wouldnt want to be anywhere else but right here lllllfffffffgggggg!!!!
Tahoe2468 Tahoe2468 23 hours ago

JUL 9, 2024 7:00AM EDT
--News Direct--

NEW YORK, NY / NewsDirect / July 9th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Maxeon Solar Technologies, Ltd., a global leader in solar innovation and channels

Maxeon Solar Technologies (NASDAQ: MAXN) has garnered significant investor attention following several strategic developments and innovations. These include the introduction of the latest high-efficiency solar panels and advanced technologies showcased at industry-leading events like Intersolar Europe 2024.

Best Growth Stock's full report includes a comprehensive analysis of Maxeon's operations, potential catalysts, current short interest, potential growth drivers, financials, fully diluted share structure, chart setup with support and resistance zones, and more.

Access this full analysis with no obligation:

Access this full analysis with no obligation:

About Maxeon Solar Technologies

Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change™. Headquartered in Singapore, Maxeon leverages over 35 years of solar energy leadership and over 1,900 patents to design innovative and sustainably made solar panels and energy solutions for residential, commercial, and power plant customers. Maxeon's integrated home energy management is a flexible ecosystem of products and services, built around the award-winning Maxeon® and SunPower® branded solar panels. With a network of more than 1,700 trusted partners and distributors, and more than one million customers worldwide, the Company is a global leader in solar.

About Best Growth Stocks

Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions.

Media Contact

Best Growth Stocks

Senior Editor: Steve Macalbry

SOURCE: BestGrowthStocks.Com

Contact Details


Steve Macalbry

+1 989-274-7778

View source version on
Tahoe2468 Tahoe2468 1 day ago

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN - Get Free Report) was the target of some unusual options trading on Friday. Investors acquired 138,040 put options on the company. This represents an increase of approximately 867% compared to the typical volume of 14,282 put options.

Get MAXN alerts:

Hedge Funds Weigh In On Maxeon Solar Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Maxeon Solar Technologies by 35.4% in the 3rd quarter. Barclays PLC now owns 18,511 shares of the company's stock valued at $215,000 after purchasing an additional 4,840 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Maxeon Solar Technologies by 93.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,338 shares of the company's stock worth $81,000 after acquiring an additional 5,480 shares in the last quarter. SG Americas Securities LLC lifted its position in Maxeon Solar Technologies by 12.2% during the 1st quarter. SG Americas Securities LLC now owns 54,602 shares of the company's stock worth $182,000 after acquiring an additional 5,941 shares in the last quarter. Swiss National Bank lifted its position in Maxeon Solar Technologies by 8.9% during the 3rd quarter. Swiss National Bank now owns 75,600 shares of the company's stock worth $876,000 after acquiring an additional 6,200 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Maxeon Solar Technologies during the 1st quarter worth approximately $44,000. 47.67% of the stock is owned by institutional investors and hedge funds.

Maxeon Solar Technologies Price Performance

Maxeon Solar Technologies stock traded down $0.27 during midday trading on Friday, reaching $0.85. 13,662,475 shares of the company were exchanged, compared to its average volume of 5,339,204. The company has a market capitalization of $46.81 million, a price-to-earnings ratio of -0.11 and a beta of 1.59. Maxeon Solar Technologies has a 1 year low of $0.85 and a 1 year high of $29.41. The company has a debt-to-equity ratio of 83.32, a quick ratio of 0.56 and a current ratio of 1.36. The firm's 50-day simple moving average is $2.02 and its 200-day simple moving average is $3.61.
Tahoe2468 Tahoe2468 1 day ago

Maxeon Solar is a key player in solar innovation and channels. As a key provider of premium solar technology, Maxeon Solar is continuing its innovation work that is leading to its seventh generation of advanced IBC solar technology. Carrying a Zacks Rank #3 (Hold), MAXN is capitalizing on off-grid applications since solar is being utilized for transportation to charge a growing number of devices that could power human lives.
LOB LOB 1 day ago
Agree with you. $
Tahoe2468 Tahoe2468 1 day ago
No nothing at all just Bears running out of BS to throw, it’s gonna be a while if they did anyways like minimum 6 months but I’m dumbfounded and I quit trading if this billion dollar 4000 employee company sits at .24 for 1-3 months NO WAY!!!!!!!
Tahoe2468 Tahoe2468 1 day ago
So apparently there’s a meme going around that everyone is gonna send buy orders at exactly 2pm tomorrow (7-17) The stock is $MAXN and they make billions of dollars a year but unbelievably priced so low. Get ready y’all

Got this off stockscan omg are we 12? LMAO if it works cool I’ll throw a $1000 in
LOB LOB 1 day ago
No talk of RS that I could find. Did you see one mentioned?
Tahoe2468 Tahoe2468 1 day ago
Even with RS and extension that puts us into 2025. So they had a crappy few months doesn’t mean game over in my eyes. I mean buy groceries or put up new solar panels….
LOB LOB 1 day ago
Don't think there is any chance of a delisting from Nasdaq until mid Nov, from what I read?
👍️ 1
WolfWayne WolfWayne 1 day ago
It’s time to play ball again - this time with MAXN. Any of my old followers still around?
WolfWayne WolfWayne 1 day ago
It’s time to play ball again - this time with MAXN. Any of my old followers still around?

Your Recent History

Delayed Upgrade Clock