Maxeon Solar Technologies

MAXN

Solar · Energy

Price

$0.21

-0.04 (-16.00%)

Market Cap

$3.6M

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Track this stock — start free trial

Share count falling — buybacks

−66.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 24.5M (2020) → 8.3M (2024)

Winston Score History

The full picture

Maxeon Solar Technologies makes solar panels for homes and businesses. The company is known for its high-efficiency SunPower-branded panels, which convert more sunlight into electricity than most standard panels on the market. Maxeon was spun off from SunPower in 2020 and is headquartered in Singapore.

Maxeon sells its panels directly to installers, distributors, and utility-scale project developers across more than 100 countries, with meaningful revenue in Europe, the United States, and Asia-Pacific. The company generates revenue through hardware sales of its premium solar modules, where its main competitive edge is panel efficiency rather than low cost. However, the financial data reflects serious challenges — deeply negative margins and returns signal that the company is spending far more than it earns, and its primary risk is surviving intense price competition from low-cost Chinese manufacturers while trying to scale production enough to reach profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-89.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-165.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$38M/ year

↓ Declining (-18% vs prior year)

7.4% of revenue

7.4x the sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

63.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

$17M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Maxeon Solar Technologies has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-39.2%

Thin — -39.2% gross margin

Profit after running costs

Operating Margin

-176.3%

Losing money on operations — -176.3%

Return on the money invested

ROCE

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-78.7%

Shrinking sales (-78.7% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-133.1%

Burning cash (-133.1%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial