Aggregate various data and information, we expect Maxeon Solar Technologies Ltd (MAXN) stock to fall on May 15, rise on May 16 and May 17, 2023.
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Maxeon’s Chief Executive Officer Bill Mulligan noted, “Maxeon delivered strong financial performance in Q1, executing well across the organization and exceeding our gross margin and Adjusted EBITDA targets.
Our DG business benefited from prudent supply chain management and solid ASP execution in Europe, combined with expanded profitability in the US. In our North America utility-scale business we booked several new projects in the first quarter, with production now booked out through 2025 and allocated based on sold options into 2027.
Based on strong customer demand, we are actively looking for opportunities to expand our North American supply chain, including progressing our application with the DOE Loan Program Office for a domestic cell and module facility.”