Maxeon Solar Technologies Loses 50% Value In One Session After Q1 Earnings - Here's Why
Maxeon Solar Technologies Loses 50% Value In One Session After Q1 Earnings - Here's Why
Maxeon Solar Technologies (NASDAQ:MAXN) reported fiscal first-quarter revenue of $187.46 million, missing the analyst consensus estimate of $193.91 million. Revenue declined by 41.1% year over year.
Maxeon Solar Technologies（納斯達克股票代碼：MAXN）公佈的第一財季收入爲1.8746億美元，未達到分析師共識估計的1.9391億美元。收入同比下降41.1％。
The EPS loss of $1.59 missed the analyst consensus loss estimate of $1.00, and the stock plunged more than 50% after the print.
每股虧損1.59美元，未達到分析師共識虧損預期的1.00美元，該股在公佈後暴跌了50％以上。
Quarterly shipments declined by 37% year over year to 488 MW. The net loss was $80.15 million, down from an income of $20.27 million year over year.
季度出貨量同比下降37％，至488兆瓦。淨虧損爲8,015萬美元，低於同比收入2,027萬美元。
The adjusted EBITDA loss was $38.98 million, down from an income of $30.98 million Y/Y.
調整後的息稅折舊攤銷前利潤虧損爲3,898萬美元，低於同比收入3,098萬美元。
Maxeon's Chief Executive Officer Bill Mulligan acknowledged a very difficult market environment since the third quarter of 2023, with challenging industry pricing conditions and demand disruptions in its distributed generation (DG) business due to higher interest rates and policy changes, and project pushouts by two of its large-scale customers in the U.S.
Maxeon首席執行官比爾·穆里根承認，自2023年第三季度以來，市場環境非常艱難，由於利率上升和政策變化，行業定價條件艱難，分佈式發電（DG）業務需求中斷，以及其在美國的兩個大型客戶的項目推動。
The company's shareholder, TCL Zhonghuan Renewable Energy Technology Co. Ltd. (TZE), has agreed to invest $97.5 million via debt and has committed to an additional $100 million equity investment.
該公司的股東TCL中環可再生能源技術有限公司有限公司（TZE）已同意通過債務投資9,750萬美元，並承諾再進行1億美元的股權投資。
In addition, most of the holders of the $200 million 2025 convertible notes have agreed to exchange their bonds and accrued interest into new bonds due in 2028, which are convertible into equity.
此外，2025年2億美元可轉換票據的大多數持有人已同意將其債券和應計利息交換爲2028年到期的新債券，這些債券可轉換爲股權。
Outlook: Maxeon expects second-quarter revenue of $160 million—$200 million (versus a consensus of $203.80 million), shipments of 520 MW—600 MW and capex of $15 million—$25 million.
展望：Maxeon預計第二季度收入爲1.6億美元至2億美元（而市場普遍預期爲2.038億美元），出貨量爲520兆瓦至600兆瓦，資本支出爲1500萬至2500萬美元。
The company projected fiscal 2024 revenue of $640 million – $800 million (versus consensus of $891.55 million) and capex of $70 million – $100 million.
該公司預計2024財年收入爲6.4億美元至8億美元（而市場普遍預期爲8.9155億美元），資本支出爲7,000萬至1億美元。
Price Action: MAXN shares traded lower by 45% at $1.71 at the last check on Thursday.
價格走勢：在週四的最後一次支票中，MAXN股價下跌45％，至1.71美元。
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譯文內容由第三人軟體翻譯。