星期二, 20 5 月, 2025
Home PV Finance Maxeon Solar Technologies Slips To Loss In Q1, But Tops Estimates

Maxeon Solar Technologies Slips To Loss In Q1, But Tops Estimates

Solar energy company Maxeon Solar Technologies Ltd (MAXN) reported Thursday a net loss attributable to the stockholders for the first quarter of $80.15 million or $1.59 per share, compared to net income of $20.27 million or $0.46 per share in the prior-year quarter.

Revenues for the quarter declined to $187.46 million from $318.33 million in the same quarter last year.

On average, five analysts polled by Thomson Reuters expected the company to report a loss of $1.80 per share on revenues of $229 million for the quarter. Analysts’ estimates typically exclude special items.

Looking ahead to the second quarter, the company expects revenues between $160 million and $200 million on shipments in a range of 520 to 600 Mega Watts (MW). Analysts expect revenues of $193.90 million for the quarter.

For fiscal 2024, the company projects revenues between $640 million and $800 million. The Street is looking for revenues of $1.12 billion for the year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Eku Energy acquires Bluestone BESS pipeline

Battery energy storage system (BESS) firm Eku Energy has acquired Bluestone Energy’s BESS portfolio. Eku Energy has taken on seven planned BESS projects from renewable...

Intersolar Europe 2025: Sungrow Debuts Revolutionary Renewable Energy Breakthroughs

Sungrow, the global leading PV inverter and energy storage system (ESS) supplier, showcased a broad range of solar, storage, EV charging, module-level power electronics...

Reliability in Extreme Latitude: Sungrow Deploys 60MWh Battery Storage Project Close to the Arctic Circle

Sungrow, the global leading PV inverter and energy storage system provider, announces the successful deployment of the 60MWh battery storage project in Simo, Finland....

Jinko ESS partners with Filkab to launch dual-track energy storage strategy in Bulgaria

Jinko ESS has announced the signing of a contract with leading Bulgarian energy solutions provider Filkab to implement a dual-track energy storage strategy aimed...