<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/05/solar-50.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/05/solar-50.jpg"/></p>
<p>Maxeon Solar Technologies（MAXN）股价今年大幅下跌，公司已成为一只低价股。今年股价下跌超过 97%，从 2022 年最高点下跌近 100%。因此，公司市值从 18 亿美元以上跌至今天的 6400 万美元。</p>
<h2>风险超过机会</h2>
<p>Maxeon Solar Technologies 是一家源自行业顶尖公司 SunPower 的美国公司。它被分拆出来成为独立的太阳能电池板制造商，而 SunPower 专注于分布式发电太阳能和能源存储提供商。</p>
<p>从理论上讲，这种分离是有利的，因为它让两家公司可以专注于各自的专业领域。在这种情况下，SunPower 将拥有一个可靠的太阳能电池板供应商 Maxeon，而后者将获得其庞大客户群的支持。</p>
<p>然而，最近情况发生了变化。2023 年，这两家公司宣布它们不再是独家合作伙伴，这意味着 SunPower 可以自由地从其他公司购买太阳能电池板。</p>
<p>结果，Maxeon 的收入大幅下滑，分析师预计这一趋势将持续。最近的业绩显示，Q1'24 总收入从 Q4'23 的 2.29 亿美元和 Q1'23 的 3.18 亿美元下降至 1.87 亿美元。同时指出公司正在经历重大现金流挑战。</p>
<p>此外，公司收到了几起仍在进行中的股东诉讼。诉讼指控公司未能就其与 SunPower 的关系提供足够的披露，并指控其涉嫌证券欺诈和其他非法商业行为。SunPower 本身已经申请破产。</p>
<h2>Maxeon 将在墨西哥建立新工厂</h2>
<p>周一，Maxeon Solar Technology 股价暴涨，宣布将于今年晚些时候在新墨西哥州启动 Mesa del Sol 项目的建设后，股价飙升超过 46%。</p>
<p>这是一项重要项目，公司希望通过这一项目获得美国补贴，以在美国市场占据份额。公司计划在该项目上投资约 19 亿美元，年产能为 700 万块太阳能电池板。</p>
<p>尽管这份报告引起了人们的关注，但现实情况却相当风险。首先，公司已经在美国这个最大市场开展了大量业务。其 Q1 业绩显示，其美国收入为 1.33 亿美元，而国际收入仅为 5400 万美元。</p>
<p>因此，目前尚不清楚新工厂是否会增加任何价值，因为公司目前在马来西亚、中国和菲律宾等国家进行生产。尽管美国正在向美国太阳能电池制造商提供激励措施，但成本对他们来说太高，无法竞争。</p>
<p>其次，19 亿美元项目的融资将会很困难，因为 Maxeon Solar 自身的资产负债表无法支持。上个季度，公司现金及短期投资为 9800 万美元，长期债务超过 3.88 亿美元。</p>
<p>第三，太阳能电池价格正在暴跌，主要是因为中国产能过剩，这意味着 Maxeon 的利润率将继续下降。据路透社报道，2023 年中国太阳能电池价格下跌了 42%，年产能飙升至 861 吉瓦。</p>
<p>中国已经掌握了太阳能电池制造的技术，得益于其低成本和劳动力成本。因此，美国等国很难竞争，因为劳动力成本太高。新墨西哥的最低工资标准为每小时 12 美元。</p>
<h2>MAXN 盈利前景</h2>
<p>下一个重要的 Maxeon 股票新闻将是定于 8 月 29 日发布的财报。</p>
<p>在其 Q1 业绩中，公司表示 Q2 出货量将在 520 至 600 兆瓦之间，收入将在 1.6 亿至 2 亿美元之间。这将是 2023 年同一季度 3.48 亿美元的大幅下滑。</p>
<p>Maxeon 在过去两个连续季度未达到盈利预期，这意味着这一趋势可能会持续。分析师预计，公司全年营收将达到 7.15 亿美元，较去年同期下降 36%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Guidance.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Guidance.jpeg"/></p>
<p><em>Maxeon Solar 指引 | 来源：Maxeon</em></p>
<p>分析师已经下调了 Maxeon 的股票预测，高盛和雷蒙德詹姆斯将评级下调为卖出。</p>
<p>最大的风险是 Maxeon 在未来几年可能破产，因为其现金流继续燃烧。</p>
<h2>Maxeon Technology 股票预测</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Solar-stocj.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Solar-stocj.png"/></p>
<p>MAXN 图表由 TradingView 提供</p>
<p>日线图显示，MAXN 股价在过去几个月内横盘。此外，平均真实波幅（ATR）指标继续创下历史最低点，表明波动性已经消失。</p>
<p>Maxeon 的相对强度指数（RSI）在过去几个月内横盘。因此，周一的暴涨可能是短暂的，因为卖家将瞄准关键支撑水平 0.1095 美元，即历史最低点。这与我上一篇文章的观点一致，我预测抛售将继续。</p>
<p>文章来源：Invezz</p>

MAXN

<p>Maxeon Solar Technologies（MAXN）股票今年下跌超过 97%，市值大幅下滑。由于营收下降和持续的股东诉讼，该公司面临破产风险。尽管宣布在墨西哥建立新设施后股价最近暴涨超过 46%，但专家警告称融资挑战和太阳能电池价格下降可能阻碍增长。预计 8 月 29 日公布的季度财报将显示显著的营收下滑。分析师还将评级下调至卖出，强调对 Maxeon 未来生存能力的担忧，尤其是在高现金燃烧率的背景下</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/05/solar-50.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2021/05/solar-50.jpg"/></p>
<p>Maxeon Solar Technologies (MAXN) stock price has imploded this year as the company became a penny stock. It has dropped by over 97% this year and by almost 100% from its highest point in 2022. As a result, its market cap has tumbled from over $1.8 billion to $64 million today.</p>
<div class="lb-trans"><p>Maxeon Solar Technologies（MAXN）股价今年大幅下跌，公司已成为一只低价股。今年股价下跌超过 97%，从 2022 年最高点下跌近 100%。因此，公司市值从 18 亿美元以上跌至今天的 6400 万美元。</p>
</div><h2>Risks outweigh opportunity</h2>
<div class="lb-trans"><h2>风险超过机会</h2>
</div><p>Maxeon Solar Technologies is an American company that emerged from SunPower, one of the top firms in the industry. It was spun off to be an independent solar panel manufacturer while SunPower focused on distributed generation solar and energy storage provider.</p>
<div class="lb-trans"><p>Maxeon Solar Technologies 是一家源自行业顶尖公司 SunPower 的美国公司。它被分拆出来成为独立的太阳能电池板制造商，而 SunPower 专注于分布式发电太阳能和能源存储提供商。</p>
</div><p>In theory, this separation was good as it allowed the two companies to focus on their area of specialty. In this case, SunPower would have a reliable solar panel provider in Maxeon while the latter would have access to its large customer base.</p>
<div class="lb-trans"><p>从理论上讲，这种分离是有利的，因为它让两家公司可以专注于各自的专业领域。在这种情况下，SunPower 将拥有一个可靠的太阳能电池板供应商 Maxeon，而后者将获得其庞大客户群的支持。</p>
</div><p>However, things have changed recently. In 2023, the two companies announced that they were not exclusive, meaning that SunPower was free to buy solar panels from other companies.</p>
<div class="lb-trans"><p>然而，最近情况发生了变化。2023 年，这两家公司宣布它们不再是独家合作伙伴，这意味着 SunPower 可以自由地从其他公司购买太阳能电池板。</p>
</div><p>As a result, Maxeon’s revenues crashed and analysts expect the trend will continue. The most recent results shows that the total revenue dropped to $187 in Q1’24, down from $229 million in Q4’23 and $318 million in Q1’23. It also noted that it was going through a major cash flow challenge.</p>
<div class="lb-trans"><p>结果，Maxeon 的收入大幅下滑，分析师预计这一趋势将持续。最近的业绩显示，Q1'24 总收入从 Q4'23 的 2.29 亿美元和 Q1'23 的 3.18 亿美元下降至 1.87 亿美元。同时指出公司正在经历重大现金流挑战。</p>
</div><p>Also, the company received several shareholder lawsuits that are still ongoing. The lawsuits allege that the company failed to provide enough disclosures about its relationship with SunPower and that it committed securities fraud and other unlawful business practices. SunPower, itself, has already filed for bankruptcy.</p>
<div class="lb-trans"><p>此外，公司收到了几起仍在进行中的股东诉讼。诉讼指控公司未能就其与 SunPower 的关系提供足够的披露，并指控其涉嫌证券欺诈和其他非法商业行为。SunPower 本身已经申请破产。</p>
</div><h2>Maxeon to build new facility in Mexico</h2>
<div class="lb-trans"><h2>Maxeon 将在墨西哥建立新工厂</h2>
</div><p>On Monday, the Maxeon Solar Technology stock went parabolic, soaring by over 46% after the company announced that it would start building its Mesa del Sol project in New Mexico later this year.</p>
<div class="lb-trans"><p>周一，Maxeon Solar Technology 股价暴涨，宣布将于今年晚些时候在新墨西哥州启动 Mesa del Sol 项目的建设后，股价飙升超过 46%。</p>
</div><p>This is an important project that the company hopes will give it access to US subsidies as it seeks to gain market share in the United States. It plans to spend about $1.9 billion building this project that will have a capacity of 7 million solar panels each year.</p>
<div class="lb-trans"><p>这是一项重要项目，公司希望通过这一项目获得美国补贴，以在美国市场占据份额。公司计划在该项目上投资约 19 亿美元，年产能为 700 万块太阳能电池板。</p>
</div><p>While this report made good headlines, the reality is that it is quite risky. First, the company already does a lot of business in the US, its biggest market. Its Q1 results showed that its US revenues came in at $133 million while its international ones were just $54 million.</p>
<div class="lb-trans"><p>尽管这份报告引起了人们的关注，但现实情况却相当风险。首先，公司已经在美国这个最大市场开展了大量业务。其 Q1 业绩显示，其美国收入为 1.33 亿美元，而国际收入仅为 5400 万美元。</p>
</div><p>As such, it is unclear whether the new plant will add any value since the company currently manufactures in countries like Malaysia, China, and the Philippines. While the US is giving incentives to US solar panel manufacturers, the cost is just too high for them to compete.</p>
<div class="lb-trans"><p>因此，目前尚不清楚新工厂是否会增加任何价值，因为公司目前在马来西亚、中国和菲律宾等国家进行生产。尽管美国正在向美国太阳能电池制造商提供激励措施，但成本对他们来说太高，无法竞争。</p>
</div><p>Second, financing for the $1.9 billion project will be difficult since Maxeon Solar’s own balance sheet cannot support it. It ended the last quarter with $98 million in cash and short-term investments and over $388 million in long-term debt.</p>
<div class="lb-trans"><p>其次，19 亿美元项目的融资将会很困难，因为 Maxeon Solar 自身的资产负债表无法支持。上个季度，公司现金及短期投资为 9800 万美元，长期债务超过 3.88 亿美元。</p>
</div><p>Third, solar panel prices are crashing, mostly because of China’s overcapacity, meaning that Maxeon’s margins will continue falling. According to Reuters, China’ssolar panel prices crashed by 42% in 2023 as the annual production capacity soaring to 861 gigawatts.</p>
<div class="lb-trans"><p>第三，太阳能电池价格正在暴跌，主要是因为中国产能过剩，这意味着 Maxeon 的利润率将继续下降。据路透社报道，2023 年中国太阳能电池价格下跌了 42%，年产能飙升至 861 吉瓦。</p>
</div><p>China has mastered the art and science of solar panel manufacturing, thanks to its low input and labor costs. As such, it is hard for a country like the US to compete because of the high labor costs. New Mexico has a minimum wage of $12 per hour.</p>
<div class="lb-trans"><p>中国已经掌握了太阳能电池制造的技术，得益于其低成本和劳动力成本。因此，美国等国很难竞争，因为劳动力成本太高。新墨西哥的最低工资标准为每小时 12 美元。</p>
</div><h2>MAXN earnings ahead</h2>
<div class="lb-trans"><h2>MAXN 盈利前景</h2>
</div><p>The next important Maxeon stock news will be the upcoming earnings scheduled on August 29th August.</p>
<div class="lb-trans"><p>下一个重要的 Maxeon 股票新闻将是定于 8 月 29 日发布的财报。</p>
</div><p>In its Q1 results, the company said that its shipments in Q2 will be between 520 and 600 MW while its revenue will be between $160 million and $200 million. That will be a big drop from the $348 million it made in the same quarter in 2023.</p>
<div class="lb-trans"><p>在其 Q1 业绩中，公司表示 Q2 出货量将在 520 至 600 兆瓦之间，收入将在 1.6 亿至 2 亿美元之间。这将是 2023 年同一季度 3.48 亿美元的大幅下滑。</p>
</div><p>Maxeon has missed its earnings estimates in the last two consecutive quarters, meaning that the trend could continue. For the year, analysts expect that its annual revenue for the year will be $715 million, a 36% drop from the same period last year.</p>
<div class="lb-trans"><p>Maxeon 在过去两个连续季度未达到盈利预期，这意味着这一趋势可能会持续。分析师预计，公司全年营收将达到 7.15 亿美元，较去年同期下降 36%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Guidance.jpeg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/Maxeon-Guidance.jpeg"/></p>
<p><em>Maxeon Solar guidance | Source: Maxeon</em></p>
<div class="lb-trans"><p><em>Maxeon Solar 指引 | 来源：Maxeon</em></p>
</div><p>Analysts have lowered Maxeon’s stock forecast, with Goldman Sachs and Raymond James cutting their ratings to sell.</p>
<div class="lb-trans"><p>分析师已经下调了 Maxeon 的股票预测，高盛和雷蒙德詹姆斯将评级下调为卖出。</p>
</div><p>The biggest risk is that Maxeon could go bankrupt in the coming years since its cash burn is continuing.</p>
<div class="lb-trans"><p>最大的风险是 Maxeon 在未来几年可能破产，因为其现金流继续燃烧。</p>
</div><h2>Maxeon Technology stock forecast</h2>
<div class="lb-trans"><h2>Maxeon Technology 股票预测</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Maxeon-Solar-stocj.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/Maxeon-Solar-stocj.png"/></p>
<p>MAXN chart by TradingView</p>
<div class="lb-trans"><p>MAXN 图表由 TradingView 提供</p>
</div><p>The daily chart shows that the MAXN share price has moved sideways in the past few months. Also, the Average True Range (ATR) indicator continued to its lowest point on record, signaling that the volatility has died.</p>
<div class="lb-trans"><p>日线图显示，MAXN 股价在过去几个月内横盘。此外，平均真实波幅（ATR）指标继续创下历史最低点，表明波动性已经消失。</p>
</div><p>Maxeon’s Relative Strength Index (RSI) has moved sideways in the past few months. Therefore, Monday’s surge will likely be short-lived as sellers target the key support level at $0.1095, its all-time low. This view is in line with my last article, in which I predicted that the sell-off would continue.</p>
<div class="lb-trans"><p>Maxeon 的相对强度指数（RSI）在过去几个月内横盘。因此，周一的暴涨可能是短暂的，因为卖家将瞄准关键支撑水平 0.1095 美元，即历史最低点。这与我上一篇文章的观点一致，我预测抛售将继续。</p>
</div><p>The post Maxeon Solar stock price surged but bankruptcy risks remain appeared first on Invezz</p>
<div class="lb-trans"><p>文章来源：Invezz</p>
</div>

Maxeon Solar 股票价格飙升，但破产风险仍然存在