Maxeon Solar Technologies (MAXN)
Market Price (3/30/2026): $1.45 | Market Cap: $24.2 MilSector: Information Technology | Industry: Semiconductor Materials & Equipment
Maxeon Solar Technologies (MAXN)
Market Price (3/30/2026): $1.45Market Cap: $24.2 MilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
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 -121%, 3Y Excs Rtn is -162% | 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 1143% | ||
| 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% | ||
| 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 -2302% | ||
| 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 -121%, 3Y Excs Rtn is -162% |
| 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 1143% |
| 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% |
| 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 -2302% |
| Key risksMAXN key risks include [1] an ongoing U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Maxeon Solar Technologies (MAXN) stock has lost about 50% since 11/30/2025 because of the following key factors:
1. Maxeon Solar Technologies experienced severe financial underperformance and significant shareholder dilution. Maxeon reported challenging financial results for the first half of 2025, with revenue dropping significantly to $39 million, a dramatic decrease from 1,014 MW in the prior year, resulting in a gross loss of $14.8 million and a net loss of $65.5 million. As of March 2026, the company's EPS growth was -78.7%, and its market capitalization stood at $34.03 million. The number of shares outstanding also increased by 2,799.78% in one year, indicating substantial dilution for existing shareholders. The company's Altman Z-Score of -17.14 further suggests an increased risk of bankruptcy.
2. Ongoing U.S. import exclusion and the complexities of strategic restructuring impacted the company. Maxeon's solar panels have been excluded from U.S. imports by U.S. Customs & Border Protection since July 2024, severely impacting performance and contributing to a dramatic decline in solar panel shipments to 153.2 MW in the first half of 2025. While Maxeon announced a strategic restructuring in November 2024 to focus exclusively on the U.S. market, including plans to begin manufacturing in a 2 GW facility in New Mexico in early 2026, this significant transition and divestiture of its EMEA, APAC, and LATAM operations likely introduced operational complexities and associated costs during the period.
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1. Maxeon Solar Technologies experienced severe financial underperformance and significant shareholder dilution. Maxeon reported challenging financial results for the first half of 2025, with revenue dropping significantly to $39 million, a dramatic decrease from 1,014 MW in the prior year, resulting in a gross loss of $14.8 million and a net loss of $65.5 million. As of March 2026, the company's EPS growth was -78.7%, and its market capitalization stood at $34.03 million. The number of shares outstanding also increased by 2,799.78% in one year, indicating substantial dilution for existing shareholders. The company's Altman Z-Score of -17.14 further suggests an increased risk of bankruptcy.
2. Ongoing U.S. import exclusion and the complexities of strategic restructuring impacted the company. Maxeon's solar panels have been excluded from U.S. imports by U.S. Customs & Border Protection since July 2024, severely impacting performance and contributing to a dramatic decline in solar panel shipments to 153.2 MW in the first half of 2025. While Maxeon announced a strategic restructuring in November 2024 to focus exclusively on the U.S. market, including plans to begin manufacturing in a 2 GW facility in New Mexico in early 2026, this significant transition and divestiture of its EMEA, APAC, and LATAM operations likely introduced operational complexities and associated costs during the period.
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Stock Movement Drivers
Fundamental Drivers
The -51.3% change in MAXN stock from 11/30/2025 to 3/29/2026 was primarily driven by a -51.3% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.04 | 1.48 | -51.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 509 | 509 | 0.0% |
| P/S Multiple | 0.1 | 0.0 | -51.3% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | -51.3% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MAXN | -51.3% | |
| Market (SPY) | -5.3% | 29.1% |
| Sector (XLK) | -9.1% | 21.4% |
Fundamental Drivers
The -59.5% change in MAXN stock from 8/31/2025 to 3/29/2026 was primarily driven by a -59.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.65 | 1.48 | -59.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 509 | 509 | 0.0% |
| P/S Multiple | 0.1 | 0.0 | -59.5% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | -59.5% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MAXN | -59.5% | |
| Market (SPY) | 0.6% | 37.9% |
| Sector (XLK) | -0.7% | 30.9% |
Fundamental Drivers
The -65.6% change in MAXN stock from 2/28/2025 to 3/29/2026 was primarily driven by a -50.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.30 | 1.48 | -65.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 689 | 509 | -26.1% |
| P/S Multiple | 0.1 | 0.0 | -6.5% |
| Shares Outstanding (Mil) | 8 | 17 | -50.2% |
| Cumulative Contribution | -65.6% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MAXN | -65.6% | |
| Market (SPY) | 9.8% | 34.5% |
| Sector (XLK) | 15.9% | 36.1% |
Fundamental Drivers
The -99.9% change in MAXN stock from 2/28/2023 to 3/29/2026 was primarily driven by a -97.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1760.00 | 1.48 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 958 | 509 | -46.9% |
| P/S Multiple | 0.8 | 0.0 | -93.5% |
| Shares Outstanding (Mil) | 0 | 17 | -97.5% |
| Cumulative Contribution | -99.9% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| MAXN | -99.9% | |
| Market (SPY) | 69.4% | 21.9% |
| Sector (XLK) | 94.5% | 20.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MAXN Return | -51% | 16% | -55% | -99% | -64% | -46% | -100% |
| Peers Return | -15% | 29% | -29% | -47% | 55% | 7% | -32% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| MAXN Win Rate | 42% | 58% | 42% | 0% | 33% | 0% | |
| Peers Win Rate | 42% | 54% | 35% | 35% | 50% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MAXN Max Drawdown | -51% | -42% | -75% | -99% | -66% | -46% | |
| Peers Max Drawdown | -35% | -31% | -49% | -55% | -37% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 3/27/2026 (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 |
Compare to FSLR, CSIQ, ENPH, SEDG
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.
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About Maxeon Solar Technologies (MAXN)
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, Ltd. was incorporated in 2019 and is headquartered in Singapore.
AI Analysis | Feedback
Here are 1-2 brief analogies for Maxeon Solar Technologies:
- Maxeon is like the Intel of solar panels.
- Maxeon is like the LG Chem for solar cells.
AI Analysis | Feedback
- Interdigitated Back Contact Solar Cells: These are high-efficiency solar cells designed with all electrical contacts on the rear surface, maximizing the front surface for light absorption.
- Shingled Solar Cells: These solar cells are cut into strips and overlapped like roof shingles, improving panel aesthetics and performance by reducing electrical losses.
- Solar Panels: These are complete modules comprising an array of solar cells, designed to convert sunlight into electricity for various applications.
- Related Solar System Components: These encompass various other parts and equipment necessary to build and operate a complete solar energy system, such as inverters, mounting hardware, or monitoring systems.
AI Analysis | Feedback
Maxeon Solar Technologies (MAXN) primarily sells its solar panels and related components to other companies within the solar industry. While the company does not publicly disclose the names of its specific major customers, its primary customer categories, as described by the company, include:
- Dealers: Businesses that purchase Maxeon products for resale and installation to end-users (residential and commercial).
- Project Developers: Companies responsible for designing, financing, and constructing solar energy projects, ranging from small-scale commercial to utility-scale.
- System Integrators: Businesses that assemble and install complete solar energy systems using components like Maxeon's panels for various clients.
- Distributors: Companies that buy Maxeon's products in bulk and supply them to installers, resellers, and dealers.
- Resellers: Businesses that purchase products for the purpose of reselling them, often to residential or small-scale commercial customers.
Maxeon's products ultimately reach residential and small-scale commercial customers through these channel partners. Therefore, its direct major customers are predominantly other businesses in the solar supply chain.
AI Analysis | Feedback
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George Guo Chief Executive Officer
Mr. Guo assumed the role of CEO on October 11, 2024. He previously served as an Advisor to the Chairman of TCL Group on strategic issues, including corporate strategy, product positioning, and supply chain management. Prior to that, Mr. Guo was the CEO of TCL Communications for six years. His career, spanning nearly 40 years, includes leadership positions at IBM's Santa Teresa Lab and serving as CTO and head of R&D for Zhaodaola Internet. He is noted for his experience in technology leadership, scale-up, high-volume manufacturing, and driving growth in various technology business segments, including successful turnarounds.Dmitri Hu Chief Financial Officer
Mr. Hu was appointed as Chief Financial Officer on October 28, 2024. Before joining Maxeon, he held key leadership positions at TCL Industries Holdings Ltd. since 2020, including Chief Financial Officer, Executive Director, and Board Secretary of TCL Electronics, and as VP and General Manager of Global Consumer Service Center of TCL Industries. In 2021, he was appointed Chairman of Guangdong TCL Smart Home Appliances Co. Ltd., where he led a successful restructuring and strategic refocusing. Earlier in his career, Mr. Hu served as CFO and later Head of Strategy and Investment Department for Yue Yuen Industrial (Holdings) Limited, and as CFO of Gogoro Inc. He also held various roles at financial services companies including Goldman Sachs, Deutsche Bank Group, and CLSA Asia Pacific Markets. Mr. Hu has been recognized as the "Best CFO – Developed Market/Consumer Discretionary Sector by Institutional Investor" in both 2019 and 2020.Xu Luo Luo Chief Transformation Officer
Mr. Xu Luo Luo serves as Maxeon's Chief Transformation Officer. He is also an Associate President of TCL Group since 2018, where his responsibilities include corporate development, mergers and acquisitions, partnerships, strategic investment, and capitalization. He has held various management positions within TCL Group since 2012.Matt Dawson Chief Technology Officer
Mr. Dawson is the Chief Technology Officer at Maxeon Solar Technologies. Before this role, he was the Vice President of Technology at Sila Nanotechnologies, a battery materials company. He also held several leadership positions at SunPower Corporation, where he became Vice President of Research and Development in 2019, overseeing technology strategy, product development for cells and modules, and the company's R&D infrastructure.Hao-Chin (Frank) Jeng interim Chief Legal Officer
Mr. Jeng serves as Maxeon's interim Chief Legal Officer, responsible for the company's global legal and compliance affairs, board of directors' practices, and ESG matters. His legal career includes representing clients in securities and bond offerings in the U.S. and Hong Kong, cross-border mergers and acquisitions, antitrust investigations, commercial litigations, high-stakes IP litigations, and licensing transactions.AI Analysis | Feedback
Maxeon Solar Technologies (MAXN) faces several significant risks to its business, primarily stemming from its financial health, geopolitical trade policies, and the intensely competitive solar industry. Here are the key risks:- Financial Distress and Liquidity Concerns: Maxeon is grappling with substantial financial challenges, including significant indebtedness, negative shareholder equity, and a considerable decline in revenue. The company has reported ongoing losses and a strained balance sheet. There is also a risk of delisting from the Nasdaq exchange due to its stock price falling below the minimum requirement. These financial pressures are exacerbated by cash burn and the need for further capital raises, which could lead to substantial dilution for existing shareholders.
- Trade Barriers and Supply Chain Disruptions (UFLPA): Maxeon has been severely impacted by U.S. Customs and Border Protection (CBP) detentions of its solar modules under the Uyghur Forced Labor Prevention Act (UFLPA). These detentions have effectively halted shipments into the U.S. market, which previously accounted for a significant portion of Maxeon's revenue, leading to an approximate 89% year-on-year revenue decline in the first half of 2025. Although Maxeon asserts its compliance and is establishing alternative supply chains and considering legal challenges, the uncertainty and disruption to its largest market continue to pose a critical risk.
- Intense Competition and Pricing Pressure: The global solar energy industry is highly competitive, characterized by constant technological advancements and significant pricing pressure, particularly from lower-cost Chinese manufacturers. Maxeon, which focuses on the premium segment, struggles to maintain its margins due to these competitive dynamics, with gross margins reportedly turning significantly negative. This environment makes it challenging for Maxeon to differentiate its products and achieve consistent profitability.
AI Analysis | Feedback
- Oversupply and Price Erosion from Chinese Manufacturers: The global solar market is experiencing an unprecedented surge in manufacturing capacity, largely driven by Chinese companies benefiting from significant state support. This has led to a substantial oversupply of solar panels, causing a sharp decline in module prices globally. This intense price pressure directly threatens the profitability and market share of companies like Maxeon, which may have higher production costs or operate in regions without similar subsidies, making it difficult to compete on price alone.
- Rapid Emergence of Next-Generation Solar Technologies: While Maxeon utilizes advanced interdigitated back contact (IBC) and shingled cell technologies, the solar industry is seeing rapid advancements in alternative and potentially more efficient or cost-effective cell architectures. Technologies such as perovskite solar cells, advanced tandem cells (combining different materials to capture more of the solar spectrum), or other novel photovoltaic materials are progressing from research to pilot production. If these new technologies achieve commercial scalability and economic viability faster than anticipated, they could offer significantly higher efficiencies or lower manufacturing costs, potentially disrupting the market and rendering current mainstream silicon-based technologies, including Maxeon's, less competitive.
AI Analysis | Feedback
Maxeon Solar Technologies (NASDAQ: MAXN) operates in the global solar panel market, with its primary products being interdigitated back contact (IBC) and shingled solar cells and panels. Maxeon has specifically concentrated its business portfolio and geographic market focus to the U.S. market for residential, commercial, and utility power plant customers as of April 2025.
Addressable Markets:
- Overall Solar Panels Market: The global solar panels market was valued at an estimated USD 183.6 billion in 2024 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 14.80% from 2025 to 2034. Another estimate places the global market at USD 184.29 billion in 2024, expected to reach approximately USD 384.44 billion by 2034, with a CAGR of 7.62% from 2025. This market is also expected to reach USD 613.05 billion by 2033, growing at a CAGR of 15.18% from 2025.
- Shingled Solar Panel Market: The global shingled solar panel market was estimated at approximately USD 5 billion in 2025 and is projected to grow at a CAGR of 15% from 2025 to 2033, reaching roughly USD 18 billion by 2033. North America holds the largest share of the solar shingles market, accounting for approximately 45% of the global share.
- Interdigitated Back Contact (IBC) Solar Cell Market: The Interdigitated Back Contact (IBC) solar cell market is projected to reach approximately USD 1.635 billion in 2025 and grow to USD 3.781 billion by 2031. Further projections suggest the IBC market could exceed USD 5 billion by 2033, assuming a 15% CAGR from a USD 2 billion base in 2025. The broader back contact solar cells market, which includes IBC technology, was valued at USD 456.8 million in 2023 and is projected to grow from USD 486.1 million in 2024 to USD 781.3 million by 2031, exhibiting a CAGR of 7.01%. IBC solar cells are predicted to hold at least a 13% revenue share worldwide in 2028 within the overall solar cell market.
AI Analysis | Feedback
Maxeon Solar Technologies (MAXN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Strategic Focus on the U.S. Market and Inflation Reduction Act (IRA) Incentives: Maxeon is strategically focusing on the U.S. market, with plans for a new 2 GW solar panel manufacturing factory in New Mexico expected to commence operations in early 2026. This move is anticipated to capitalize on the U.S. Inflation Reduction Act (IRA) incentives, which are projected to significantly boost domestic solar installations and Maxeon's revenues through manufacturing credits.
- Launch and Adoption of New, High-Efficiency Solar Panel Technologies: The company is introducing advanced solar panel products, including the Maxeon 7 and Performance 7 lines. The Maxeon 7 panels are highlighted for their over 24% efficiency, superior shade tolerance, and an industry-leading 40-year warranty, with the first customer installations already completed. The Performance 7 line, featuring TOPCon cell technology, offers improved aesthetics and enhanced energy generation. Additionally, the disruptive Maxeon Air flexible solar panels are expected to open new markets by offering a thin, lightweight solution ideal for installations with reduced roof weight requirements.
- Expansion of the U.S. Distributed Generation Channel: Maxeon is actively expanding its U.S. dealer network, having recently added over 100 dealers. This expansion aims to increase its market share in the U.S. residential sector, particularly focusing on the sales of its premium product offerings.
- Integrated Home Energy Solutions: The company is promoting comprehensive residential energy systems that include SunPower Reserve battery storage and SunPower Drive EV charging solutions. These products are integrated through the SunPower One app, which empowers homeowners to manage and optimize their energy consumption and self-generated clean energy, thereby enhancing customer value and potentially driving sales of Maxeon's core solar products.
AI Analysis | Feedback
Capital Allocation Decisions (Last 3-5 Years)
Share Issuance
- In May 2023, Maxeon raised $199.4 million through a $157.4 million underwriting of shares and a $42 million private placement with TCL Zhonghuan to fund a 500 MW capacity expansion for its Maxeon 7 interdigitated back contact (IBC) panels.
- The company's shares outstanding significantly increased, with a reported 1,608% increase from 374,600 shares in 2021 to 6.4 million in 2024.
- In June 2024, Maxeon received $122.5 million in funding from Zhonghuan Singapore Investment and Development Pte. Ltd., which included the issuance of $97.5 million in 9% Convertible First Lien Senior Secured Notes due 2029.
Inbound Investments
- TCL Zhonghuan made a $42 million private placement investment in Maxeon in May 2023 as part of a larger capital raise.
- Maxeon received $122.5 million in funding from Zhonghuan Singapore Investment and Development Pte. Ltd. in June 2024, which also involved the issuance of $97.5 million in convertible notes.
- In December 2024, Maxeon Solar Technologies received clearance for a strategic investment by TCL Zhonghuan Renewable Energy Technology from the Committee on Foreign Investment in the United States.
Outbound Investments
- On October 6, 2023, Maxeon Solar Technologies completed the acquisition of certain assets of SolarCA LLC for $14.1 million, which involved acquiring patents related to shingled cell solar panel technology.
Capital Expenditures
- Maxeon has allocated $200 million for the capacity expansion of its cell manufacturing for Maxeon 7 IBC panels, with approximately $50 million spent on site preparation and long-lead time items in 2023.
- Capital expenditures were reported as $51 million in 2024, showing a prioritization of preservation over expansion.
- Analysts project capital expenditures for 2025-2026 to be between $60 million and $82 million, with a focus on modest investments, potentially in next-generation panels and establishing a 2 GW module assembly facility in Albuquerque, New Mexico.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Maxeon Solar Technologies Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | 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 | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.84 |
| Mkt Cap | 3.1 |
| Rev LTM | 1,473 |
| Op Inc LTM | -20 |
| FCF LTM | 81 |
| FCF 3Y Avg | -235 |
| CFO LTM | 104 |
| CFO 3Y Avg | 2 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.7% |
| Rev Chg 3Y Avg | -4.6% |
| Rev Chg Q | -1.3% |
| QoQ Delta Rev Chg LTM | -0.3% |
| Op Mgn LTM | -0.3% |
| Op Mgn 3Y Avg | 2.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | -1.0% |
| FCF/Rev LTM | 6.5% |
| FCF/Rev 3Y Avg | -17.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.1 |
| P/S | 2.6 |
| P/EBIT | -0.0 |
| P/E | 13.4 |
| P/CFO | 9.9 |
| Total Yield | 1.8% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -19.1% |
| D/E | 0.2 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -10.5% |
| 3M Rtn | -29.4% |
| 6M Rtn | 3.7% |
| 12M Rtn | 45.7% |
| 3Y Rtn | -81.6% |
| 1M Excs Rtn | -9.5% |
| 3M Excs Rtn | -22.0% |
| 6M Excs Rtn | 4.7% |
| 12M Excs Rtn | 23.8% |
| 3Y Excs Rtn | -143.1% |
Price Behavior
Price Behavior
| Market Price | $1.48 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/27/2020 | |
| Distance from 52W High | -69.4% | |
| 50 Days | 200 Days | |
| DMA Price | $2.54 | $3.28 |
| DMA Trend | down | down |
| Distance from DMA | -41.8% | -54.9% |
| 3M | 1YR | |
| Volatility | 95.2% | 91.6% |
| Downside Capture | 2.81 | 2.32 |
| Upside Capture | 145.24 | 202.57 |
| Correlation (SPY) | 29.0% | 31.6% |
MAXN Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.43 | 2.06 | 2.17 | 2.51 | 1.66 | 1.90 |
| Up Beta | 8.80 | 6.81 | 5.07 | 3.47 | 1.48 | 1.25 |
| Down Beta | -5.90 | -1.45 | -1.21 | 1.02 | 0.76 | 1.39 |
| Up Capture | 101% | 172% | 247% | 259% | 345% | 52% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 17 | 24 | 51 | 111 | 309 |
| Down Capture | 193% | 282% | 306% | 260% | 163% | 113% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 23 | 35 | 69 | 133 | 433 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAXN | |
|---|---|---|---|---|
| MAXN | -55.4% | 91.4% | -0.48 | - |
| Sector ETF (XLK) | 22.4% | 26.8% | 0.73 | 32.9% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 31.9% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 9.7% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 10.2% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 15.6% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 24.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAXN | |
|---|---|---|---|---|
| MAXN | -78.9% | 118.0% | -0.73 | - |
| Sector ETF (XLK) | 15.4% | 24.6% | 0.56 | 24.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 25.5% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 6.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 6.8% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 23.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 14.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MAXN | |
|---|---|---|---|---|
| MAXN | -51.4% | 117.2% | -0.52 | - |
| Sector ETF (XLK) | 20.8% | 24.3% | 0.79 | 25.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 25.8% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 7.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 7.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 22.6% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 13.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2025 | 08/14/2025 | 6-K |
| 12/31/2024 | 04/30/2025 | 20-F |
| 09/30/2024 | 12/05/2024 | 6-K |
| 06/30/2024 | 09/03/2024 | 6-K |
| 03/31/2024 | 05/30/2024 | 6-K |
| 12/31/2023 | 05/30/2024 | 20-F |
| 09/30/2023 | 11/15/2023 | 6-K |
| 06/30/2023 | 08/10/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 6-K |
| 12/31/2022 | 03/07/2023 | 20-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| 06/30/2022 | 08/18/2022 | 6-K |
| 03/31/2022 | 05/26/2022 | 6-K |
| 12/31/2021 | 03/24/2022 | 20-F |
| 09/30/2021 | 11/17/2021 | 6-K |
| 06/30/2021 | 08/12/2021 | 6-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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