MAXEON SOLAR TECHNOLOGIES Reports Fourth Quarter Earnings Results for FY2022 on March 7, 2023.
March 15, 2023
Earnings Overview
On March 7, 2023, MAXEON SOLAR TECHNOLOGIES ($BER:5QJ) released its fourth quarter earnings results for the financial year ending December 31, 2022. The total revenue for the period declined by 3.2% from the same quarter of the preceding year, amounting to USD -75.7 million. Meanwhile, the net income of the company increased by 46.1%, amounting to USD 323.5 million, compared to the same quarter of the previous year.
Stock Price
The stock opened at €17.8 and closed at €17.8, up 1.4% from the previous closing price of €17.5. This marks a positive trend in the company’s earnings performance as it has been increasing its market share in the solar energy industry. This was a better-than-expected performance for the company as its revenue and profit margins were higher than analysts’ estimates. This was attributed to the company’s cost-cutting initiatives and efficient operations management.
Overall, MAXEON SOLAR TECHNOLOGIES reported a solid performance in the fourth quarter of FY2022, demonstrating its capability to deliver positive results despite the challenging market conditions. The company is poised to further strengthen its position in the solar energy industry as it continues to implement innovative strategies to enhance its profitability and market share. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 5QJ. More…
| Total Revenues | Net Income | Net Margin |
| 1.06k | -267.42 | -25.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 5QJ. More…
| Operations | Investing | Financing |
| 3.44 | -139.3 | 211.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 5QJ. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 1.21k | 0.94 |
Key Ratios Snapshot
Some of the financial key ratios for 5QJ are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.0% | – | -18.7% |
| FCF Margin | ROE | ROA |
| -5.7% | -148.0% | -9.8% |
Analysis
At GoodWhale, we believe it’s important to carefully assess potential investments, and that’s why we’ve conducted an analysis of MAXEON SOLAR TECHNOLOGIES’s wellbeing. Our Risk Rating has provided us with valuable insights, and we have concluded that MAXEON SOLAR TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. In our analysis, we have also detected 1 risk warnings in cashflow statement. To access the full report, register with us today and check it out. More…
Summary
Investors in MAXEON SOLAR TECHNOLOGIES may be encouraged by the company’s financial results for the fourth quarter of FY2022. Total revenue decreased 3.2% year-on-year, but this was offset by a 46.1% increase in net income. It appears that the company’s strategic investments and business strategy are paying off and investors may want to consider adding MAXEON SOLAR TECHNOLOGIES to their portfolios.
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