Maxeon Solar releases preliminary financial results

Maxeon Solar Technologies, Ltd. has unveiled preliminary unaudited financials for Q4 and fiscal year ending December 31, 2023, along with anticipated figures for Q1 2024. Q4 shipments increased by nearly 4% to 653 MW, with revenues matching Q3/2023 but decreasing by over 29% annually to $229 million. Annual shipments for FY 2023 surged by approximately 22% YoY to 2.86 GW, with revenues climbing 6% to $1.12 billion from 2022. Looking ahead to Q1 2024, the company expects shipments of around 508 MW, generating $186 million in revenue.