TECH - Maxeon Solar Technologies Loses 50% Value In One Session After Q1 Earnings - Here's Why | Benzinga
Maxeon Solar Technologies (NASDAQ:MAXN) reported fiscal first-quarter revenue of $187.46 million, missing the analyst consensus estimate of $193.91 million. Revenue declined by 41.1% year over year.
The EPS loss of $1.59 missed the analyst consensus loss estimate of $1.00, and the stock plunged more than 50% after the print.
Quarterly shipments declined by 37% year over year to 488 MW. The net loss was $80.15 million, down from an income of $20.27 million year over ...