Maxeon Solar Technologies, Ltd. (MAXN) has released an update.
Maxeon Solar Technologies reports its preliminary financial outcomes for Q4 and the fiscal year of 2023, indicating a performance in line with expectations, primarily driven by its U.S utility-scale business. Despite ramping down Maxeon 6 capacity and incurring higher restructuring costs, the company is working on cost reductions and operational efficiency to achieve profitability. Looking ahead, Maxeon projects its shipments and revenue for Q1 2024 to be approximately 508 MW and $186 million, respectively.
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