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
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- 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
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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
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
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| 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 shares9 | 464.0K shares3 | 6.4M shares3 | ||||
| Shares (weighted, diluted) | 37.5M shares9 | 464.0K shares3 | 6.4M shares3 |
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $145.7M6 | $101.7M6 | $121.0M7 | $206.7M8 | $166.5M9 | $190.2M3 | $28.9M3 |
| Receivables | $39.7M7 | $62.7M9 | $4.3M3 | ||||
| Inventory | $212.8M8 | $308.9M3 | $40.2M3 | ||||
| Current assets | $618.1M6 | $547.2M7 | $533.1M8 | $619.0M3 | $266.0M3 | ||
| Goodwill | $7.9M3 | $03 | |||||
| Intangible assets | $420.0K7 | $3.4M3 | $523.0K3 | ||||
| Total assets | $990.2M6 | $980.3M7 | $1.1B8 | $1.0B3 | $376.3M3 | ||
| Accounts payable | $270.5M8 | $153.0M3 | $62.5M3 | ||||
| Short-term debt | $25.4M8 | $25.4M3 | $462.0K3 | ||||
| Current liabilities | $520.7M6 | $308.1M7 | $421.0M8 | $431.9M3 | $338.5M3 | ||
| Total liabilities | $622.7M6 | $541.1M7 | $701.7M8 | $997.4M3 | $664.6M3 | ||
| Retained earnings | -$263.0M8 | -$796.1M3 | -$1.4B3 | ||||
| Shareholders’ equity | $844.2M6 | $435.3M7 | $362.2M6 | $432.6M7 | $349.5M8 | -$1.1M3 | -$293.8M3 |
| Shares outstanding | 34.0M shares6 | 44.2M shares7 | 54.0M shares9 | 16.7M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$156.8M6 | -$26.3M7 | -$189.2M8 | -$4.9M9 | -$254.3M3 | -$270.2M3 | |
| Depreciation and amortization | $42.2M9 | $55.9M3 | $43.5M3 | ||||
| Stock-based compensation | $7.2M9 | $18.3M3 | $28.7M3 | ||||
| Capital spending | $39.6M6 | $41.9M7 | $27.7M8 | $154.2M9 | $67.5M3 | $52.1M3 | |
| Free cash flow | -$196.4M | -$68.2M | -$216.9M | -$159.1M | -$321.7M | -$322.3M | |
| Cash from investing | -$154.4M9 | $13.9M3 | -$25.2M3 | ||||
| Cash from financing | $141.8M9 | $168.0M3 | $141.2M3 |
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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
Leadership
Who has led Maxeon Solar Technologies, Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerAiping Guo Mar 13, 2026 to now10
- Chief financial officerDien-Chien Hu Mar 12, 2026 to now11
Board members and other officers (9)
- Chief Human Resources OfficerTiffany Roslyn See Mar 11, 2026 to now12
- Chief Transformation OfficerLuo Luo Xu Mar 12, 2026 to now13
- Chief Technology OfficerMatthew Dawson Mar 13, 2026 to now14
- Board memberLuo Luo Xu Mar 12, 2026 to now13
- Board memberTeo Tong Kooi Mar 12, 2026 to now15
- Board memberAiping Guo Mar 13, 2026 to now10
- Board memberChangxu Zhang Apr 13, 2026 to now16
- Board memberCheng Kevin Wang Apr 13, 2026 to now17
- General counselHao-Chin Jeng Mar 12, 2026 to now18
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
- 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:
- Oct 2, 202625-NSE EDGAR
- Oct 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 5, 20266-K EDGAR
- Jun 29, 20266-K EDGAR
- Jun 26, 2026SCHEDULE 13G EDGAR
- Jun 2, 20266-K EDGAR
- May 29, 20266-K EDGAR
- May 8, 20266-K EDGAR
- Apr 30, 20266-K EDGAR
- Apr 27, 20266-K EDGAR
- Apr 27, 20266-K EDGAR
- Apr 13, 20263 EDGAR
- Apr 13, 20263 EDGAR
- Apr 13, 20263 EDGAR
- Apr 10, 20266-K EDGAR
- Apr 1, 20266-K EDGAR
- Mar 13, 20263 EDGAR
- Mar 13, 20263 EDGAR
- Mar 13, 20263 EDGAR
- 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.
- WHITEBOX ADVISORS LLCSCHEDULE 13G, 2 filings Jul 12, 2024 to Jun 26, 202620
- Zhonghuan Singapore Investment & Development Pte. Ltd.SCHEDULE 13D/A, 13 filings Aug 18, 2022 to Apr 10, 202521
- Cowen Financial Products LLCSC 13G/A, 2 filings Jun 14, 2024 to Nov 13, 202422
- Linden Capital L.P.SC 13G/A, 2 filings Jul 9, 2024 to Nov 8, 202423
- Goldman SachsSC 13G/A, 2 filings Feb 9, 2024 to Nov 7, 202424
- BlackRockSC 13G/A, 3 filings Feb 6, 2024 to Aug 7, 202425
- Wellington Management CompanySC 13G/A, 4 filings Feb 4, 2022 to Aug 7, 202426
- TotalEnergiesSC 13D/A, 5 filings Nov 1, 2022 to Jul 25, 202427
- Graham Capital Management, L.P.SC 13G/A, 2 filings Jul 11, 2024 to Jul 16, 202428
- InvescoSC 13G/A, 2 filings Feb 10, 2022 to Feb 2, 202329
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.
- Private raises (Form D) $207.0M
Figures by year
| Year | Private 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.
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
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, no par value | MAXN | NASDAQ Global Select Market |
From the cover page of the 20-F filed Apr 30, 2025 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2Yahoo FinanceMAXNQ quote
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- 10SEC EDGARAiping Guo, Chief executive officer
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- 15SEC EDGARTeo Tong Kooi, Board member
- 16SEC EDGARChangxu Zhang, Board member
- 17SEC EDGARCheng Kevin Wang, Board member
- 18SEC EDGARHao-Chin Jeng, General counsel
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