MAXNQ on OTC

Maxeon Solar Technologies, Ltd.

Maxeon Solar Technologies, Ltd. is a semiconductors and related devices company, listed on OTC (MAXNQ).1

$0.00 up 0.00 (0.00%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$509.0MRevenue, fiscal 20243
-$614.3MNet income, fiscal 20243

Compare with Lattice Semiconductor, Shoals Technologies Group, Inc. or MaxLinear, or pick any stock.

  • TickerMAXNQ on OTC1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersU01
  • Incorporated inSingapore4
  • Business address38 Beach Road #23-11, South Beach Tower, Singapore, 1897674
  • Filer categoryAccelerated filer4
  • Legal formCorporation

We are incorporated under the laws of Singapore in accordance with the Singapore Companies Act. We were formed by SunPower in connection with our separation from SunPower, for an unlimited duration, effective as of the date of our incorporation with ACRA on October 11, 2019. We were converted to a public company on the Distribution Date under the Singapore Companies Act under the name of “Maxeon Solar Technologies, Ltd.” by way of a pro rata distribution of all of the then-issued and outstanding ordinary shares of Maxeon to holders of record of SunPower’s ordinary shares as of the close of business on August 17, 2020. As of the Distribution Date, Maxeon became an independent, public company and the Maxeon shares started trading on the NASDAQ Global Select Market under the symbol “MAXN”.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-49.0%Gross margin3
-113.3%Operating margin3
-120.7%Net margin3
-54.7%Revenue growth, 20243
-$322.3MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue77¢$758.5M
  • Research and development4¢$37.5M
  • Selling, general and admin18¢$173.5M
  • Income tax2¢$18.0M

Out of $509.0M in revenue.3 The company lost money this year.

Financial statements

Revenue67893$509.0M in 2024−44% since 2018
0$500.0M$1.0B$1.5B2018: $912.3M$912.3M20182019: $1.2B$1.2B2019+31%2021: $844.8M$844.8M2021−29%2022: $783.3M$783.3M2022−7%2023: $1.1B$1.1B2023+43%2024: $509.0M$509.0M2024−55%
Gross profit67893-$249.4M in 2024−45% since 2018
-$600.0M-$400.0M-$200.0M0$200.0M2018: -$449.9M-$449.9M20182019: -$2.3M-$2.3M2019−99%2021: -$9.8M-$9.8M2021+324%2022: -$29.0M-$29.0M2022+197%2023: $78.1M$78.1M20232024: -$249.4M-$249.4M2024
Operating income67893-$576.6M in 2024−2% since 2018
-$600.0M-$400.0M-$200.0M02018: -$589.8M-$589.8M20182019: -$135.6M-$135.6M2019−77%2021: -$130.2M-$130.2M2021−4%2022: -$172.4M-$172.4M2022+32%2023: -$219.2M-$219.2M2023+27%2024: -$576.6M-$576.6M2024+163%
Net income67893-$614.3M in 2024+2% since 2018
-$800.0M-$600.0M-$400.0M-$200.0M02018: -$603.8M-$603.8M20182019: -$183.1M-$183.1M2019−70%2021: -$142.6M-$142.6M2021−22%2022: -$254.5M-$254.5M2022+78%2023: -$275.8M-$275.8M2023+8%2024: -$614.3M-$614.3M2024+123%
Fiscal year2017201820192021202220232024
Revenue$912.3M6$1.2B7$844.8M8$783.3M9$1.1B3$509.0M3
Cost of revenue$1.0B6$1.2B7$854.6M8$812.3M9$1.0B3$758.5M3
Gross profit-$449.9M6-$2.3M7-$9.8M8-$29.0M9$78.1M3-$249.4M3
Research and development$50.0M6$37.0M7$34.2M8$46.5M9$45.7M3$37.5M3
Selling, general and admin$82.0M6$96.9M7$86.2M8$88.8M9$126.2M3$173.5M3
Operating expenses$143.4M9$297.3M3$327.2M3
Operating income-$589.8M6-$135.6M7-$130.2M8-$172.4M9-$219.2M3-$576.6M3
Interest$25.9M6$25.8M7$31.9M8$28.1M9$42.4M9
Income before tax-$239.1M9-$273.5M3-$596.6M3
Income tax-$1.1M6$10.1M7$12.1M8$203.0K9-$626.0K3$18.0M3
Net income-$603.8M6-$183.1M7-$142.6M8-$254.5M9-$275.8M3-$614.3M3
Earnings per share-$8.617-$5.828-$6.799-$594.463-$96.003
Earnings per share (diluted)-$8.617-$5.828-$6.799-$594.463-$96.003
Shares (weighted, basic)37.5M shares9464.0K shares36.4M shares3
Shares (weighted, diluted)37.5M shares9464.0K shares36.4M shares3

Compare Maxeon Solar Technologies, Ltd. with another company

Corporate structure

Maxeon Solar Technologies, Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Maxeon Solar Technologies, Ltd.

  • WHITEBOX ADVISORS LLC Filed SCHEDULE 13G on Maxeon Solar Technologies, Ltd., latest Jun 26, 2026 (2 filings since Jul 12, 2024)
  • Zhonghuan Singapore Investment & Development Pte. Ltd. Filed SCHEDULE 13D/A on Maxeon Solar Technologies, Ltd., latest Apr 10, 2025 (13 filings since Aug 18, 2022)
  • Cowen Financial Products LLC Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Nov 13, 2024 (2 filings since Jun 14, 2024)
  • Linden Capital L.P. Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Nov 8, 2024 (2 filings since Jul 9, 2024)
  • Goldman Sachs Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Nov 7, 2024 (2 filings since Feb 9, 2024)
  • BlackRock Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Aug 7, 2024 (3 filings since Feb 6, 2024)
  • Wellington Management Company Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Aug 7, 2024 (4 filings since Feb 4, 2022)
  • TotalEnergies Filed SC 13D/A on Maxeon Solar Technologies, Ltd., latest Jul 25, 2024 (5 filings since Nov 1, 2022)
  • Graham Capital Management, L.P. Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Jul 16, 2024 (2 filings since Jul 11, 2024)
  • Invesco Filed SC 13G/A on Maxeon Solar Technologies, Ltd., latest Feb 2, 2023 (2 filings since Feb 10, 2022)
  • Maxeon Solar Technologies, Ltd. U0

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Maxeon Solar Technologies, Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$330.6M3 Dec 31, 2024$493.7M3 Dec 31, 2023−33.0%
Accumulated depreciation$213.7M9 Dec 31, 2023$218.1M9 Jan 1, 2023−2.0%
Operating-lease assets (leased space)$28.0M3 Dec 31, 2024$22.8M3 Dec 31, 2023+22.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$28.9M3 Dec 31, 2024$190.2M3 Dec 31, 2023−84.8%
Stakes in other companies (equity method)$03 Dec 31, 2024$03 Dec 31, 2023

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$03 Dec 31, 2024$7.9M3 Dec 31, 2023−100.0%
Finite-lived intangibles, gross$2.2M3 Dec 31, 2024$5.6M3 Dec 31, 2023−60.1%
Accumulated amortization$1.7M3 Dec 31, 2024$2.2M3 Dec 31, 2023−23.2%
Finite-lived intangibles, net$523.0K3 Dec 31, 2024$3.4M3 Dec 31, 2023−84.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$40.2M3 Dec 31, 2024$308.9M3 Dec 31, 2023−87.0%
Raw materials$4.8M3 Dec 31, 2024$37.1M3 Dec 31, 2023−87.1%
Work in process$5.4M3 Dec 31, 2024$80.2M3 Dec 31, 2023−93.3%
Finished goods$30.1M3 Dec 31, 2024$191.7M3 Dec 31, 2023−84.3%

Leadership

Who has led Maxeon Solar Technologies, Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Aiping Guo2026–now

Chief financial officer

  1. Dien-Chien Hu2026–now
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerKai Jacques Elie Strohbecke named Aug 26, 202219
  • Executive OfficerLindsey Roon Wiedmann named Aug 26, 202219
  • Executive OfficerMark Roon Babcock named Aug 26, 202219
  • Executive OfficerMarkus Roon Sickmoeller named Aug 26, 202219
  • Executive OfficerPeter Roon Aschenbrenner named Aug 26, 202219
  • Executive OfficerRalf Roon Elias named Aug 26, 202219
  • DirectorDonald Andrew Colvin named Aug 26, 202219
  • DirectorErick Robert Chabanne named Aug 26, 202219
  • DirectorGavin Jacques Elie Adda named Aug 26, 202219
  • DirectorJeffrey William Waters named Aug 26, 202219
  • DirectorKris Alfons Sennesael named Aug 26, 202219
  • DirectorNikita S Taldykin named Aug 26, 202219
  • DirectorSteve Robert Leonard named Aug 26, 202219
  • DirectorYan S Wang named Aug 26, 202219
  • DirectorYanbing Jacques Elie Jiang named Aug 26, 202219

Former names

  • Maxeon Solar Technologies, Pte. Ltd.Dec 20, 2019 to Jul 2, 20204

Timeline

  1. Mar 13, 2026New chief executive Aiping Guo becomes CEO10

Filings

224 filings to the SEC since October 2021: 4 annual reports, 11 insider forms, 37 large holders, 1 private raises, 171 other. The latest 20:

  1. Oct 2, 202625-NSE EDGAR
  2. Oct 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Aug 5, 20266-K EDGAR
  4. Jun 29, 20266-K EDGAR
  5. Jun 26, 2026SCHEDULE 13G EDGAR
  6. Jun 2, 20266-K EDGAR
  7. May 29, 20266-K EDGAR
  8. May 8, 20266-K EDGAR
  9. Apr 30, 20266-K EDGAR
  10. Apr 27, 20266-K EDGAR
  11. Apr 27, 20266-K EDGAR
  12. Apr 13, 20263 EDGAR
  13. Apr 13, 20263 EDGAR
  14. Apr 13, 20263 EDGAR
  15. Apr 10, 20266-K EDGAR
  16. Apr 1, 20266-K EDGAR
  17. Mar 13, 20263 EDGAR
  18. Mar 13, 20263 EDGAR
  19. Mar 13, 20263 EDGAR
  20. Mar 12, 20263 EDGAR

The 224 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$207.0M 2022–2022
Money received by yearMoney received by year, 2022–2022: $207.0M in all. Private raises (Form D) $207.0M.$0$100M$200M$300M2022 · Private raises (Form D): $207.0M2022
Figures by year
YearPrivate raises (Form D)Total
2022$207.0M$207.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 12, 2022Raised $207 million in a private offering of debt19 Form D: 1 investor so far Form D

SEC filer profile

How Maxeon Solar Technologies, Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMaxeon Solar Technologies, Ltd.1
  • CIK0001796898
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inSingapore5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address38 Beach Road #23-11, South Beach Tower, Singapore, 189767, Singapore1
  • Mailing address51 Bras Basah Road, #07-01, Lazada One, Singapore, 189554, Singapore1
  • Phone65698979791
  • Shares outstanding16,711,109 shares as of Dec 31, 20245
  • AuditorErnst & Young LLP, Singapore PCAOB ID 1247; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceDec 20, 20191
  • Filings279 in all: 6-K (158), SC 13D/A (15), SC 13G/A (12), 3 (11), SC 13G (9), UPLOAD (7), 20-F (5), 424B5 (5)1
    All 34 form types

    CORRESP (5), SD (5), 6-K/A (4), S-8 (4), SCHEDULE 13D/A (4), 144 (3), DRSLTR (3), EFFECT (3), F-3 (3), 20FR12B/A (2), DRS (2), DRS/A (2), S-8 POS (2), SC 13D (2), SEC STAFF ACTION (2), 144/A (1), 20FR12B (1), 25-NSE (1), 424B7 (1), CERT (1), D (1), F-3ASR (1), F-3MEF (1), NT 20-F (1), SCHEDULE 13G (1), T-3 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2025

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, no par valueMAXNNASDAQ Global Select Market

From the cover page of the 20-F filed Apr 30, 2025 (Section 12(b) of the Exchange Act).5

Sources

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