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Maxeon Solar Technologies Ltd

maxeon.com

What Do They Do?

Sells solar cells and panels to residential and small-scale commercial customers, as well as for utility-scale power plants.

How Do They Make Money?

Sells solar panels and balance-of-system components primarily to dealers, project developers, system integrators and distributors. Customers typically pay within 30 to 45 days, and sales are counted when products ship or are delivered.

FY2024 revenue

Who Are Their Customers?

Sells solar panels and balance-of-system components primarily to dealers, project developers, system integrators and distributors.

Do Revenues Turn Into Profits?

No. It lost $614.3M in FY2024.

Operating income, FY2024
−113% of revenue
▲ +188% (Loss) vs FY2022 (−$200.3M, −19%)
Net income, FY2024
−121% of revenue
▲ +130% (Loss) vs FY2022 (−$267.4M, −25%)
Free cash flow, FY2024
−63% of revenue
▲ +438% (Loss) vs FY2022 (−$59.9M, −6%)

How Are They Changing?

Geographic sales focus The earlier business described a global sales footprint; the latest describes a restructuring to focus exclusively on the U.S. market.

Who Do They Compete With?

Competes with Canadian Solar, First Solar, Hanwha QCELLS, JA Solar Holdings, Jinko Solar, LONGi Solar, REC Solar, Risen Energy, and Trina Solar

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