Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide.
Maxeon Solar Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.49|
|52 Week High||US$11.78|
|52 Week Low||US$57.97|
|1 Month Change||27.87%|
|3 Month Change||0.22%|
|1 Year Change||31.14%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-50.85%|
Recent News & Updates
Why Maxeon Is Our Favorite Solar Panel Manufacturer
Maxeon is one of the few solar manufacturers that has truly differentiated products. It has very valuable IP protecting its high-efficiency solar panels. Shares are very volatile and the company is still trying to find its financial footing, but we believe shares to be reasonably valued, despite them having above-average risk.
After Recent Under-Performance, Maxeon Solar Could Be The Biggest Dark Horse Winner
Most of Maxeon Solar's recent losses are of a non-recurring nature and should completely be behind the company by the end of 2022. New vertical cross-selling of companion products will help Maxeon grow revenues and profits at minimal incremental costs. Regional advantages in the U.S. market could result in extremely fast revenue and earnings growth during the next couple of years. The market's current discounting of MAXN due to past results could lead to high returns as Maxeon's margins normalize and profitability returns.
|MAXN||US Semiconductor||US Market|
Return vs Industry: MAXN underperformed the US Semiconductor industry which returned 54.6% over the past year.
Return vs Market: MAXN underperformed the US Market which returned 33.7% over the past year.
Stable Share Price: MAXN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MAXN's weekly volatility (9%) has been stable over the past year.
About the Company
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.
Maxeon Solar Technologies Fundamentals Summary
|MAXN fundamental statistics|
Is MAXN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MAXN income statement (TTM)|
|Cost of Revenue||US$800.25m|
Last Reported Earnings
Jul 04, 2021
Next Earnings Date
|Earnings per share (EPS)||-5.79|
|Net Profit Margin||-22.70%|
How did MAXN perform over the long term?See historical performance and comparison
Is Maxeon Solar Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAXN ($18.49) is trading below our estimate of fair value ($46.59)
Significantly Below Fair Value: MAXN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MAXN is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: MAXN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MAXN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MAXN is good value based on its PB Ratio (1.7x) compared to the US Semiconductor industry average (4.6x).
How is Maxeon Solar Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAXN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MAXN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MAXN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MAXN's revenue (30.2% per year) is forecast to grow faster than the US market (9.7% per year).
High Growth Revenue: MAXN's revenue (30.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MAXN is forecast to be unprofitable in 3 years.
How has Maxeon Solar Technologies performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: MAXN is currently unprofitable.
Growing Profit Margin: MAXN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if MAXN's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare MAXN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MAXN is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.4%).
Return on Equity
High ROE: MAXN has a negative Return on Equity (-36.55%), as it is currently unprofitable.
How is Maxeon Solar Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: MAXN's short term assets ($631.3M) exceed its short term liabilities ($315.0M).
Long Term Liabilities: MAXN's short term assets ($631.3M) exceed its long term liabilities ($262.2M).
Debt to Equity History and Analysis
Debt Level: MAXN's debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MAXN's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MAXN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MAXN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Maxeon Solar Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MAXN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MAXN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MAXN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAXN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MAXN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Waters (56 yo)
Mr. Jeffrey W. Waters, also known as Jeff, has been Chief Executive Officer and Director of Maxeon Solar Technologies, Ltd. since 2020. He served as Chief Executive Officer of the SunPower Technologies bus...
Experienced Management: MAXN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 46.4%.
Maxeon Solar Technologies, Ltd.'s employee growth, exchange listings and data sources
- Name: Maxeon Solar Technologies, Ltd.
- Ticker: MAXN
- Exchange: NasdaqGS
- Founded: 2019
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$817.194m
- Shares outstanding: 44.20m
- Website: https://www.maxeon.com
Number of Employees
- Maxeon Solar Technologies, Ltd.
- Marina Bay Financial Centre
- No. 05-02, 8 Marina Boulevard
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 22:57|
|End of Day Share Price||2021/09/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.