MAXN - Maxeon Solar Technologies Preliminary Q4 Earnings: Don't Buy This Dip

2024-04-09 04:45:48 ET

Summary

• Maxeon Solar Technologies faces a significant decline in revenue growth rates, with anticipated revenues decreasing by approximately 37% y/y.
• The company's net debt position has significantly increased, surpassing its market capitalization.
• Projected negative adjusted EBITDA margins indicate worsening losses amid shrinking revenues, highlighting the growing financial strain on MAXN.

Investment Thesis

Maxeon Solar Technologies ( MAXN ) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip....

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