Maxeon Solar Technologies (MAXN)
Market Price (12/26/2025): $3.27 | Market Cap: $54.6 MilSector: Information Technology | Industry: Semiconductors
Maxeon Solar Technologies (MAXN)
Market Price (12/26/2025): $3.27Market Cap: $54.6 MilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. | Weak multi-year price returns2Y Excs Rtn is -147%, 3Y Excs Rtn is -181% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -460 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 525% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -55%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.5%, Rev Chg QQuarterly Revenue Change % is -79% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -63% | ||
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 186% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1060% | ||
| Key risksMAXN key risks include [1] an ongoing U.S. Show more. |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. |
| Weak multi-year price returns2Y Excs Rtn is -147%, 3Y Excs Rtn is -181% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -460 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -90% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 525% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -55%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.5%, Rev Chg QQuarterly Revenue Change % is -79% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -63% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 186% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1060% |
| Key risksMAXN key risks include [1] an ongoing U.S. Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Between August 31, 2025, and December 26, 2025, Maxeon Solar Technologies (MAXN) experienced downward pressure on its stock, influenced by several significant factors.1. Severe Revenue Decline and Financial Challenges: Maxeon Solar Technologies reported a substantial 89% year-on-year revenue decline in the first half of 2025, bringing its revenue down to $39 million. This drastic drop highlighted the company's severe financial challenges and operational difficulties. For the third quarter of 2025, analysts anticipated revenue of approximately $247.8 million and a loss of $0.01 per share.
2. Continued U.S. Import Restrictions: The ongoing exclusion of Maxeon's solar panels from U.S. imports by U.S. Customs and Border Protection (CBP) since July 2024, under the Uyghur Forced Labor Prevention Act (UFLPA), significantly disrupted the company's access to the U.S. market. Maxeon's protests against these detentions were denied in April 2025, leading to their continued exclusion and causing material business disruption.
Show more
Stock Movement Drivers
Fundamental Drivers
The -11.0% change in MAXN stock from 9/25/2025 to 12/25/2025 was primarily driven by a -11.0% change in the company's P/S Multiple.| 9252025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.62 | 3.22 | -11.05% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 509.05 | 509.05 | 0.00% |
| P/S Multiple | 0.12 | 0.11 | -11.05% |
| Shares Outstanding (Mil) | 16.71 | 16.71 | 0.00% |
| Cumulative Contribution | -11.05% |
Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MAXN | -11.0% | |
| Market (SPY) | 4.9% | 52.1% |
| Sector (XLK) | 5.3% | 47.5% |
Fundamental Drivers
The 5.9% change in MAXN stock from 6/26/2025 to 12/25/2025 was primarily driven by a 5.9% change in the company's P/S Multiple.| 6262025 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.04 | 3.22 | 5.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 509.05 | 509.05 | 0.00% |
| P/S Multiple | 0.10 | 0.11 | 5.92% |
| Shares Outstanding (Mil) | 16.71 | 16.71 | 0.00% |
| Cumulative Contribution | 5.92% |
Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MAXN | 5.9% | |
| Market (SPY) | 13.1% | 32.1% |
| Sector (XLK) | 16.7% | 30.5% |
Fundamental Drivers
The -61.9% change in MAXN stock from 12/25/2024 to 12/25/2025 was primarily driven by a -100.7% change in the company's Shares Outstanding (Mil).| 12252024 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 8.45 | 3.22 | -61.89% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 689.01 | 509.05 | -26.12% |
| P/S Multiple | 0.10 | 0.11 | 3.52% |
| Shares Outstanding (Mil) | 8.33 | 16.71 | -100.71% |
| Cumulative Contribution | -100.54% |
Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MAXN | -61.9% | |
| Market (SPY) | 15.8% | 35.5% |
| Sector (XLK) | 22.2% | 39.2% |
Fundamental Drivers
The -99.8% change in MAXN stock from 12/26/2022 to 12/25/2025 was primarily driven by a -3980.8% change in the company's Shares Outstanding (Mil).| 12262022 | 12252025 | Change | |
|---|---|---|---|
| Stock Price ($) | 1825.00 | 3.22 | -99.82% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 958.09 | 509.05 | -46.87% |
| P/S Multiple | 0.78 | 0.11 | -86.45% |
| Shares Outstanding (Mil) | 0.41 | 16.71 | -3980.76% |
| Cumulative Contribution | -379.42% |
Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MAXN | -99.6% | |
| Market (SPY) | 48.3% | 20.0% |
| Sector (XLK) | 53.5% | 20.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MAXN Return | � | -51% | 16% | -55% | -99% | -57% | -100% |
| Peers Return | 254% | -15% | 29% | -29% | -47% | 60% | 133% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| MAXN Win Rate | 50% | 42% | 58% | 42% | 0% | 42% | |
| Peers Win Rate | 79% | 42% | 54% | 35% | 35% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MAXN Max Drawdown | � | -51% | -42% | -75% | -99% | -66% | |
| Peers Max Drawdown | -30% | -35% | -31% | -49% | -55% | -37% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: FSLR, CSIQ, ENPH, SEDG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | MAXN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -92.7% | -25.4% |
| % Gain to Breakeven | 1264.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.0% | -33.9% |
| % Gain to Breakeven | 72.5% | 51.3% |
| Time to Breakeven | 63 days | 148 days |
Compare to QCOM, FSLR, SLAB, POWI, GLSA
In The Past
Maxeon Solar Technologies's stock fell -92.7% during the 2022 Inflation Shock from a high on 2/9/2021. A -92.7% loss requires a 1264.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
- Maxeon Line Solar Panels: These are premium, high-efficiency solar panels utilizing proprietary Interdigitated Back Contact (IBC) cell technology for superior performance and durability.
- Performance Line Solar Panels: These panels employ a shingled-cell design to deliver high power density and reliability at a competitive cost for a broader market segment.
AI Analysis | Feedback
Maxeon Solar Technologies (symbol: MAXN) primarily sells its solar panels and related products to other companies (B2B). Here are its major customers:- SunPower Corporation (Symbol: SPWR): SunPower is Maxeon's largest customer and a strategic partner. Maxeon supplies premium solar panels to SunPower for the residential and light commercial markets in the U.S. and Canada under an exclusive supply agreement. Sales to SunPower represented 14% of Maxeon's total net revenue in 2023.
- Solar Distributors and Wholesalers: Maxeon sells to a global network of distributors and wholesalers who then supply solar installers and smaller project developers in various regions, including Europe, Australia, Mexico, and other international markets.
- Large-scale Project Developers and EPC (Engineering, Procurement, Construction) Firms: For utility-scale solar power plants and significant commercial & industrial rooftop projects, Maxeon supplies panels directly to the developers or the companies responsible for designing and building these projects.
AI Analysis | Feedback
- TCL Zhonghuan Renewable Energy Technology Co., Ltd. (002129.SZ)
AI Analysis | Feedback
Bill Mulligan, Chief Executive Officer
Bill Mulligan was appointed CEO of Maxeon Solar Technologies effective January 23, 2023. Prior to joining Maxeon, he served as Chief Operating Officer at Sila Nanotechnologies, a privately held Silicon Valley company focused on battery materials. He also held the position of CEO at SolarBridge, a microinverter company whose technology was subsequently acquired by Enphase. Additionally, Mr. Mulligan served as Executive Vice President of Global Operations for SunPower Corporation, where he played a key role in the development and commercialization of the solar industry's first mass-produced Interdigitated Back Contact (IBC) high-efficiency solar cells. He has nearly 25 years of experience leading teams in developing and scaling high-performance solar panels, contributing to SunPower's transformation into a global PV technology leader.
Kai Strohbecke, Chief Financial Officer
Kai Strohbecke joined Maxeon Solar Technologies as Chief Financial Officer on March 15, 2021. He brings over 26 years of experience in the semiconductor industry across Europe, the U.S., and Asia. Before Maxeon, Mr. Strohbecke was the Vice President Finance and Global Operations Controller for Micron Technology. For a decade, he served as CFO at Inotera Memories, a memory semiconductor manufacturing company in Taiwan, which he helped list on the Taiwan Stock Exchange in 2006. His career also includes various management roles with increasing responsibility at Infineon and Siemens Semiconductor Group before 2003.
Matt Dawson, Chief Technology Officer
Matt Dawson assumed the role of Chief Technology Officer at Maxeon Solar Technologies on March 20, 2023. With over 15 years of experience in developing and deploying products across the solar energy value chain, he has a track record of scaling innovation from R&D to volume manufacturing. Prior to Maxeon, Mr. Dawson was the Vice President of Technology at Sila Nanotechnologies, a privately held battery materials company. He also held various leadership positions at SunPower Corporation, becoming Vice President of Research and Development in 2019, where he was responsible for technology strategy, cell and module product development, and the company's R&D lab infrastructure.
Lindsey Wiedmann, Chief Legal & Sustainability Officer
Lindsey Wiedmann was appointed Chief Legal Officer of Maxeon Solar Technologies in September 2020 and also serves as the Global Environment, Social, Governance (ESG) Executive Leader. She previously served as General Counsel, Global Projects, Transactions and Operations at SunPower Corporation, where she supported global solar residential, commercial, and large-scale power plant business units. Ms. Wiedmann was also the lead SunPower attorney for 8point3 Energy Partners LP's initial public offering in 2015.
Tiffany See, Chief Human Resources Officer
Tiffany See joined Maxeon Solar Technologies in August 2020 as Chief Human Resources Officer. She has extensive experience as an HR leader, having previously worked at BHP, a global resources company. Before her time at BHP, Ms. See spent 17 years at Dell Technologies, where she was the Executive Director, Human Resources (Asia).
AI Analysis | Feedback
The public company Maxeon Solar Technologies (NASDAQ: MAXN) faces several critical risks to its business, with the most significant being:
-
U.S. Customs and Border Protection (CBP) Exclusion of Products: Maxeon Solar Technologies has been significantly impacted by the ongoing exclusion and detention of its solar modules by U.S. Customs and Border Protection (CBP) under the Uyghur Forced Labor Prevention Act (UFLPA). This exclusion, which began in July 2024, has blocked key products manufactured at the company's Mexico facilities from entering the U.S. market, its primary focus market. The financial repercussions have been severe, with an 89.5% plummet in revenue in the first half of fiscal year 2025 and a net loss of $65.5 million, raising an "existential crisis" for the company.
-
Significant Financial Challenges and Going Concern Risk: Maxeon is grappling with substantial financial difficulties, characterized by a heavy debt load, negative cash flow, and a persistent lack of profitability since its 2020 spin-off. The company reported a net loss of $267 million in fiscal year 2022 and sustained net losses in the first half of 2025. These financial strains have led to material uncertainty regarding the company's ability to continue as a going concern. Maxeon's financial health indicators, such as a Z-Score in the distress zone and negative margins across the board, further underscore its precarious financial position.
-
Nasdaq Delisting Risk: The severe decline in Maxeon's share price has placed the company at risk of being delisted from the Nasdaq exchange. As of August 2024, its shares were significantly below the required $1 minimum bid price, with a deadline of February 10, 2025, to rectify the situation. This risk is a direct consequence of the operational and financial headwinds the company is facing, impacting investor confidence and its market valuation.
AI Analysis | Feedback
The rapid scaling and cost reduction potential of Heterojunction Technology (HJT) solar cells by competitors represents a clear emerging threat. HJT modules offer very high efficiencies, excellent performance in varying temperatures, and superior bifaciality, directly challenging the premium, high-efficiency segment where Maxeon Solar Technologies operates with its IBC and shingled cell technologies. Several manufacturers are making significant investments to scale HJT production, which could erode Maxeon's technological advantage and pricing power if HJT achieves widespread cost-competitive adoption.
AI Analysis | Feedback
Maxeon Solar Technologies (NASDAQ: MAXN) operates in the solar photovoltaic (PV) market, primarily designing and manufacturing high-efficiency solar panels for residential, commercial, and utility-scale customers. The company recently announced a strategic shift to focus exclusively on the U.S. market, with plans to divest its sales and marketing operations in EMEA, APAC, and LATAM regions to TCL Group. Maxeon will continue to use the SunPower brand in global markets outside of the U.S., Canada, and Japan, where it will use the Maxeon brand. The addressable markets for Maxeon Solar Technologies' main products and services are significant across its target segments:Residential Solar Market
- Globally, the residential solar PV market was valued at USD 94.2 billion in 2024 and is projected to reach USD 198.9 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 7.9% from 2025 to 2034.
- In the U.S. specifically, the residential solar PV market was estimated at USD 7.45 billion in 2023 and is anticipated to grow at a CAGR of 14.4% from 2024 to 2030, reaching USD 17.68 billion by 2030. In 2024, the U.S. residential solar PV market amounted to USD 6.3 billion.
Commercial Solar Market
- The global commercial & industrial solar PV market was valued at USD 63.2 billion in 2024 and is expected to reach USD 164.1 billion by 2034, growing at a CAGR of 10.1% from 2025 to 2034. Another estimate places the global commercial solar panels market at USD 36.1 billion in 2024, projected to reach approximately USD 100.7 billion by 2034, with a CAGR of 10.8% from 2025 to 2034.
- For the U.S. market, the commercial & industrial solar PV market amounted to USD 2.9 billion in 2024.
Utility-Scale Solar Market
- The global utility solar PV Engineering, Procurement, and Construction (EPC) market is estimated to be valued at USD 89.3 billion in 2025 and is projected to reach USD 151.1 billion by 2035, with a CAGR of 5.4% over the forecast period.
- In the U.S., utility-scale solar farms have a total capacity of 100 GW nationwide. The U.S. utility-scale segment installed 9.0 GWdc in Q1 2025.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Maxeon Solar Technologies (MAXN)
Over the next two to three years, Maxeon Solar Technologies (NASDAQ: MAXN) anticipates several key drivers to contribute to its future revenue growth, primarily stemming from strategic shifts and technological advancements, despite current market headwinds and restructuring efforts. 1. Renewed Focus and Expansion in the U.S. Market with Local Manufacturing: Maxeon intends to re-establish itself as a leader in solar, focusing exclusively on the United States. This strategy includes planned local manufacturing, which the company believes will create a strong platform for future growth and profitability. This strategic focus aims to capitalize on market presence and mitigate challenges faced in other regions. 2. Introduction and Ramp-up of Next-Generation Maxeon Technology (Maxeon 7 and 8): The company is investing in upgrading its manufacturing capacity to Maxeon 7 technology and developing Maxeon 8 technology. The Maxeon 7 technology is being introduced for the U.S. utility-scale market, and the company is upgrading its Maxeon 3 line to Maxeon 7 technology. These advanced, high-efficiency solar panels are expected to offer superior performance and a 40-year warranty, providing a differentiated product offering to capture market share. 3. Growth in the U.S. Utility-Scale Business with Higher Priced Backlog: Maxeon has a contracted backlog of 3.3 gigawatts for delivery through 2025, with additional supply allocated for 2025, 2026, and 2027. Pricing for these utility-scale orders is expected to increase in 2024, transitioning to shipments from orders booked in 2022, which are anticipated to contribute material margin in 2024. 4. Expansion of the U.S. Distributed Generation (DG) Dealer Channel: Maxeon is actively working to rebuild its U.S. distributed generation channel and has signed over 100 new U.S. dealers, incremental to its existing partnerships. This expansion aims to capture demand in segments of the U.S. residential market where Maxeon's premium modules, like the Maxeon 3 with its industry-leading efficiency and 40-year warranty, are gaining traction, especially following a competitor's exit.AI Analysis | Feedback
```htmlCapital Allocation Decisions for Maxeon Solar Technologies (MAXN)
Share Repurchases
- In September 2020, Maxeon entered into a prepaid forward transaction and a physical delivery forward transaction related to ordinary shares, to be repurchased using a portion of the net proceeds from an offering of convertible notes. The aggregate limit for repurchases under Singapore law is no more than 20% of the total number of ordinary shares.
- These transactions were associated with hedging investments in the 2020 Convertible Notes.
- As of August 2023, there had been no new purchases or acquisitions of shares under the Physical Delivery Forward Transaction since August 31, 2022.
Share Issuance
- On July 17, 2020, Maxeon issued $200.0 million in aggregate principal amount of 6.50% green convertible senior notes due 2025.
- In September 2020, the company completed a registered offering of ordinary shares, raising approximately $58.5 million from the sale of around 3.8 million shares.
- In June 2024, through private exchange transactions, Maxeon issued approximately $139.0 million principal amount of new Tranche A Convertible Senior Secured Notes due 2028, approximately $65.1 million principal amount of new Tranche B Convertible Senior Secured Notes due 2028, and 9,925,000 warrants, in exchange for $198.5 million of existing 2025 notes and accrued interest. No cash proceeds were received from this issuance.
Inbound Investments
- In August 2020, Tianjin Zhonghuan Semiconductor (TZS) invested $298.0 million in Maxeon, acquiring 8,915,692 shares, representing approximately 29.5% of the outstanding shares after the spin-off from SunPower.
- In August 2022, TCL Zhonghuan announced a US$200 million investment in Maxeon Solar Technologies in the form of 5-year convertible bonds.
- TZS has agreed to invest $97.5 million into Maxeon via a debt instrument and has committed to an additional $100 million equity investment, both subject to regulatory approval, which is expected to result in TZE owning at least 50.1% of shares outstanding.
Outbound Investments
- In late 2024, Maxeon began divesting its non-US assets to concentrate solely on the US market. Its sales and marketing operations in Europe, the Middle East, Africa, Asia-Pacific, and Latin America are to be acquired by TCL Group.
- The TCL Group is also set to acquire Maxeon's manufacturing operations in the Philippines.
- In January 2025, a Sale and Purchase Agreement was executed for the sale of Maxeon's approximately 39.99% equity ownership in SMPL Land Inc. (Philippines) to Lumetech PTE Ltd., a subsidiary of TZS.
Capital Expenditures
- Capital expenditures totaled $67 million in 2023, up from $63 million in 2022, with a significant portion in 2023 directed towards the Performance line capacity ramp.
- Capital expenditures for Q1 2024 were $19 million, reflecting a sequential increase due to the upgrade of the Maxeon 3 line to its seventh-generation IBC technology.
- Expected capital expenditures for Q2 2024 are projected to be between $15 million and $25 million, allocated to various projects including Maxeon 7, and future investments are planned for next-generation Maxeon 8 technology and a new multi-GW factory in the United States (Albuquerque, New Mexico) by early 2026.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Is Maxeon Solar Technologies Stock Built to Withstand a Pullback? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MAXN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | ENPH | Enphase Energy | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 13.9% | 13.9% | -0.9% |
| 11262025 | PD | PagerDuty | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 12.0% | 12.0% | 0.0% |
| 11212025 | CRM | Salesforce | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.0% | 17.0% | -0.1% |
| 11212025 | HUBS | HubSpot | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 11.9% | 11.9% | 0.0% |
| 11212025 | FIVN | Five9 | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 4.1% | 4.1% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Maxeon Solar Technologies
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 30.74 |
| Mkt Cap | 1.8 |
| Rev LTM | 1,512 |
| Op Inc LTM | -20 |
| FCF LTM | -322 |
| FCF 3Y Avg | -235 |
| CFO LTM | 89 |
| CFO 3Y Avg | 2 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | -4.5% |
| Rev Chg Q | 7.8% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | -0.3% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 6.9% |
| CFO/Rev 3Y Avg | -1.0% |
| FCF/Rev LTM | -21.7% |
| FCF/Rev 3Y Avg | -19.9% |
Price Behavior
| Market Price | $3.22 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/27/2020 | |
| Distance from 52W High | -63.0% | |
| 50 Days | 200 Days | |
| DMA Price | $3.29 | $3.46 |
| DMA Trend | down | down |
| Distance from DMA | -2.2% | -6.8% |
| 3M | 1YR | |
| Volatility | 65.3% | 93.2% |
| Downside Capture | 369.22 | 304.10 |
| Upside Capture | 235.20 | 166.03 |
| Correlation (SPY) | 52.6% | 35.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.47 | 2.94 | 2.78 | 2.59 | 1.65 | 1.94 |
| Up Beta | 3.10 | 2.22 | 2.43 | 1.77 | 1.49 | 1.18 |
| Down Beta | 1.79 | 2.44 | 2.56 | 1.87 | 0.92 | 1.54 |
| Up Capture | 283% | 303% | 222% | 352% | 227% | 68% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 8 | 19 | 27 | 59 | 108 | 313 |
| Down Capture | 398% | 326% | 313% | 279% | 158% | 112% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 21 | 34 | 63 | 135 | 430 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MAXN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MAXN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -51.1% | 26.7% | 19.2% | 71.9% | 8.9% | 6.0% | -10.1% |
| Annualized Volatility | 94.3% | 27.6% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | -0.34 | 0.84 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 39.6% | 35.9% | 0.5% | 14.1% | 17.7% | 26.5% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of MAXN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MAXN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -74.1% | 19.0% | 14.9% | 18.7% | 11.7% | 4.8% | 32.7% |
| Annualized Volatility | 119.2% | 24.7% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.54 | 0.69 | 0.70 | 0.97 | 0.51 | 0.17 | 0.60 |
| Correlation With Other Assets | 26.0% | 25.7% | 5.0% | 6.7% | 23.1% | 14.8% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MAXN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MAXN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -70.0% | 22.3% | 14.7% | 14.9% | 6.9% | 5.2% | 69.3% |
| Annualized Volatility | 118.2% | 24.2% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | -0.43 | 0.84 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 25.6% | 25.6% | 5.3% | 7.1% | 22.8% | 14.3% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8142025 | 6-K 6/30/2025 |
| 12312024 | 4302025 | 20-F 12/31/2024 |
| 9302024 | 12052024 | 6-K 9/29/2024 |
| 6302024 | 9032024 | 6-K 6/30/2024 |
| 3312024 | 5302024 | 6-K 3/31/2024 |
| 12312023 | 5302024 | 20-F 12/31/2023 |
| 9302023 | 11152023 | 6-K 10/1/2023 |
| 6302023 | 8102023 | 6-K 7/2/2023 |
| 3312023 | 5162023 | 6-K 4/2/2023 |
| 12312022 | 3072023 | 20-F 1/1/2023 |
| 9302022 | 11102022 | 6-K 10/2/2022 |
| 6302022 | 8182022 | 6-K 7/3/2022 |
| 3312022 | 5262022 | 6-K 4/3/2022 |
| 12312021 | 3242022 | 20-F 1/2/2022 |
| 9302021 | 11172021 | 6-K 10/3/2021 |
| 6302021 | 8122021 | 6-K 7/4/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.