In This Article:
Maxeon Solar Technologies (NASDAQ:MAXN) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$88.6m (down 61% from 3Q 2023).
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Net loss: US$393.9m (loss widened by 264% from 3Q 2023).
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US$0.47 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Maxeon Solar Technologies Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are down 12% from a week ago.
Risk Analysis
It is worth noting though that we have found 5 warning signs for Maxeon Solar Technologies (3 are significant!) that you need to take into consideration.
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