MAXN - What's Going On With Singapore-Based Maxeon Solar's Shares Today? | Benzinga
Singapore-based Maxeon Solar Technologies Ltd (NASDAQ: MAXN), which designs and manufactures Maxeon and SunPower brand solar panels, lowered its Q3 FY23 guidance.
Outlook: The company reduced the guidance for Q3 revenues to $224 million-$229 million (from $280 million - $320 million) (consensus $316.2 million) and shipments to 622 to 632 megawatts (from 700 - 740 megawatts).
Also, the company projects the outlook for Q3 adjusted EBITDA to shift downward by around $30 million (vs. guidance of $2 ...