Maxeon Solar Technologies, Ltd. (MAXN) Press Release
Corporate Events
Maxeon Solar Technologies Announces Appointment of Kris Sennesael as New Independent Director and Chair of the Audit Committee of the Board and as Member of the Compensation and Coordination Committees
2022-06-06 20:05:00
Maxeon Solar Technologies, Ltd. announced the appointment of Kris Sennesael to its Board of directors, effective immediately. Mr. Sennesael was also appointed as chair of the Audit Committee of the Board and as a member of the Compensation and Coordination Committees. Kris Sennesael has over 25 years of experience in the high tech industry and has served as Chief Financial Officer for several public companies. He is currently the Senior Vice President and Chief Financial Officer of Skyworks Solutions, an innovator of high performance analog semiconductors with over $5 billion in revenues. As CFO of Skyworks, Kris works closely with the CEO, the executive team, and Board of Directors to drive strategic direction for profitable growth and value creation. Previously, Mr. Sennesael served as Chief Financial Officer for Enphase Energy, a semiconductor-based renewable energy solutions provider, from September 2012 to August 2016. Earlier, he served as Chief Financial Officer for Standard Microsystems Corporation, a global fabless semiconductor company, from January 2009 to August 2012, prior to which he held financial positions at ON Semiconductor, AMI Semiconductor, and Alcatel Microelectronics. Mr. Sennesael succeeds Kevin Kennedy who resigned from the Board effective June 1, 2022 following the recent public listing of Quanergy Systems for which Mr. Kennedy currently serves as chief executive officer and chairman of the Board, as previously announced by the company.
Maxeon Solar Technologies, Ltd. has filed a Shelf Registration in the amount of $100 million.
2022-05-27 00:00:00
Maxeon Solar Technologies, Ltd. has filed a Shelf Registration in the amount of $100 million. Security Name: Ordinary Shares Security Name: Preference Shares Security Name: Warrants Security Name: Rights Security Name: Purchase Contracts Security Name: Debt Securities Security Name: Units Transaction Features: Omnibus/Universal Shelf Registration
Maxeon Solar Technologies, Ltd. Provides Earnings Guidance for the Second Quarter of 2022
2022-05-26 20:05:00
Maxeon Solar Technologies, Ltd. provided earnings guidance for the second quarter of 2022. For the period, the company expects revenue to be between $215 million and $230 million.
Maxeon Solar Technologies, Ltd. Appoints Philippe Costemale as Its New Chief Operating Officer
2022-05-19 22:00:00
Maxeon Solar Technologies, Ltd. announced that Philippe Costemale will be joining the company in August to serve as its new Chief Operating Officer (COO). Costemale will be responsible for the global manufacturing organization, global operations, and supply chain activities, and as a senior member of the executive team he will report directly to CEO Jeff Waters. Philippe Costemale will succeed Dr. Markus Sickmoeller, who will leave the company in September 2022 following an orderly transition of duties. An industry executive with wide and varied knowledge in growing B2B business, Philippe Costemale brings over 20 years' experience in smart manufacturing transformation, consolidating global and regional supply chains, and managing operations in Europe, Asia, and North and South America. Most recently, he has been the Vice President Global Manufacturing and Supply Chain for Technicolor based in Hong Kong. Before, he spent around 14 years at global manufacturing giant Jabil where, as GM for Europe, he led the business and operations, heading up a team of 11 GMs across Europe and boosting revenues to reach second in the market for electronic manufacturing services. This appointment comes at a time of growth and expansion for Maxeon. The Company has recently unveiled Maxeon's SunPower One complete home energy management experience and announced a global strategic partnership with AlphaESS to develop integrated clean energy solutions for residential customers. Costemale will be joining the Maxeon team at its Singapore Headquarters.
Maxeon Solar Technologies, Ltd. to Report Q1, 2022 Results on May 26, 2022
2022-05-13 12:35:00
Maxeon Solar Technologies, Ltd. announced that they will report Q1, 2022 results on May 26, 2022
Maxeon Solar Technologies, Ltd., Q1 2022 Earnings Call, May 26, 2022
2022-05-13 12:35:00
Maxeon Solar Technologies, Ltd., Q1 2022 Earnings Call, May 26, 2022
AlphaESS and Maxeon Solar Technologies, Ltd. Announces Strategic Partnership for Cutting-Edge Integrated Solution
2022-05-12 13:05:00
Maxeon Solar Technologies, Ltd. announced they have entered into a global strategic partnership to develop integrated clean energy solutions for residential customers. The partnership combines AlphaESS' state-of-the-art power conversion and storage solutions and next-generation technology services with Maxeon's world-class solar panel technology and industry-leading global go-to- market channel comprising a partner network of more than 1,400 installers and resellers in over 100 countries. The Maxeon /AlphaESS partnership leverages both company's deep skills in product design, technology development, quality control, supply chain and customer experience. The goal is to develop and deliver integrated solutions and advanced services to empower end customers with smart and green energy solutions to facilitate energy independence and an environmentally-friendly lifestyle. Together, working with Maxeon as one team, expect to unlock the full potential of the industry and place clients on the best path for success, creating an unmatched customer experience and greater savings.
Maxeon Solar Technologies, Ltd. Presents at Intersolar Europe, May-11-2022
2022-05-05 13:05:00
Maxeon Solar Technologies, Ltd. Presents at Intersolar Europe, May-11-2022 .
Maxeon Solar Technologies, Ltd. Unveils SunPower One Integrated Home Energy Solution
2022-05-05 13:05:00
Maxeon Solar Technologies, Ltd. unveiled the SunPower One integrated home energy solution, which will be based on a flexible ecosystem of products and services, including Maxeon's market-leading solar panels, as well as battery storage and actionable household energy insights. Built upon a 35+ year history of solar energy industry leadership, Maxeon's SunPower One solution enables consumers to take control of their domestic energy consumption. Designed to be intuitive and engaging, the Maxeon's SunPower One solution goes beyond simple monitoring to proactively advise homeowners on ways to optimize their energy usage. Over time, it learns about a homeowner's pattern of electricity consumption and suggests strategies to drive further energy bill savings. For example, SunPower One can identify "always on" devices in the home that are worth switching off to reduce energy consumption during periods of high electricity prices. It can also expose malfunctioning appliances that may need a repair or replacement based on their abnormal electricity signals. And, most importantly, with the appropriate products, it can enable smart use cases that increase self-consumption, such as charging an electric vehicle with excess solar production and running dishwashers or heating and cooling systems at optimal times. At launch, Maxeon's SunPower One will be exclusively packaged with Maxeon's new SunPower Reserve all-in-one storage offering. Over this year, the Maxeon's SunPower One ecosystem will grow and incorporate additional products in categories like electric vehicle charging, as well as software integrations and value-added services designed to expand the customer experience. Maxeon's SunPower One also furthers the company's commitment to its installers' end-to-end business success by surfacing new opportunities uncovered by their end-customers' household insights, such as offering products and services to help drive further energy savings. In addition, SunPower One provides an installer-specific digital environment to facilitate the effective sales and installation of the solution. With one simple account, installers will have access to intuitive next-generation quoting and design tools, agile accessible marketing and training, and automated digital processes to simplify both their own and the end-customer's experience. Maxeon's SunPower One is expected to enhance the installer's role as a trusted advisor, fostering a long-term relationship between the parties as the homeowner's needs evolve. The new Maxeon's SunPower One home energy solution will be available to installers and end users in Australia in the third quarter of 2022, and will be rolled out to other markets and customers globally, except for the United States and Canada, during the remainder of 2022 and beyond. SunPower One will be presented to the public during Intersolar Europe, on May 11-13, at Maxeon's booth A3.274.
Maxeon Solar Technologies, Ltd. Teams Up with OpenSolar to Provide Advanced Design and Proposal Tool to Installers
2022-04-25 12:35:00
Maxeon Solar Technologies, Ltd. announced a partnership with OpenSolar, to provide its trusted installer network with Maxeon's SunPower Design, an exclusive software tool with unmatched design accuracy and speed. As a result, Maxeon's installer network can design the industry's most accurate proposals in a matter of minutes, providing their customers with optimal customer service while maximizing their workflow efficiencies. Maxeon's SunPower Design complements the new suite of tools available to installers affiliated with Maxeon. In addition to Maxeon's SunPower Design, the first release of this new suite includes advanced education programs, integrated online ordering including logistics updates, as well as marketing tools and branded merchandise. Maxeon's SunPower Design will be initially available to its SunPower-branded channel partners in Europe as well as Australia, and Mexico.
Maxeon Solar Technologies, Ltd. and Canadian Solar Inc. Announce Settlement Agreement Resolving Patent Infringement Lawsuit
2022-04-20 12:35:00
Maxeon Solar Technologies, Ltd. (Maxeon) and Canadian Solar Inc. (Canadian Solar) announced that the companies have reached a settlement agreement resolving a patent infringement lawsuit in Tokyo District Court, Japan. The patent infringement lawsuit alleged Canadian Solar Japan infringed Maxeon's Japan Patent No. JP6642841B2 (Shingled Solar Cell Module). Pursuant to the terms of the settlement agreement, Canadian Solar has agreed to withdraw challenges to Maxeon's Patent. Canadian Solar has also agreed to discontinue selling shingled solar cell solar modules in Japan until the second calendar quarter of 2025 after satisfying certain outstanding 2022 orders. Further details of the settlement are confidential.
Maxeon Solar Technologies, Ltd. Announces Board Changes
2022-04-12 20:05:00
Maxeon Solar Technologies, Ltd. announced the appointment of Donald Colvin to succeed Kevin Kennedy as its new chairman of the board of directors ("Board"), effective immediately. Mr. Colvin is a seasoned business leader who has held a number of leadership positions for multinational companies, including the role of Chief Financial Officer for ON Semiconductor, Atmel Corporation, Isola, Caesars Entertainment Corporation, and European Silicon Structures. Mr. Colvin currently serves as an independent director for Maxeon's Board, Chairman of its Audit Committee and member of its Coordination Committee and Compensation Committee. Mr. Colvin also serves as an independent director and chairman of the audit committee for Viavi Solutions and Agilysys. Kevin Kennedy stepped down as chairman of the Board effective upon Mr. Colvin's appointment but continues as chairman of the Compensation Committee and member of the Audit Committee and Nominating and Corporate Governance Committee. Mr. Colvin continues as chairman of the Audit Committee and member of the Compensation Committee and Coordination Committee. Following the recent public listing of Quanergy Systems for which Mr. Kennedy currently serves as chief executive officer and chairman of the board, he additionally indicated his intention to resign as an independent director of the Board effective with the Company's appointment of a successor independent director. A search for the successor is in process.
Maxeon Solar Technologies, Ltd. Expands Direct Panel Sales into the U.S. C&I Market Via Collaboration with Omnidian
2022-01-31 13:57:00
Maxeon Solar Technologies, Ltd. announced an expanded sales initiative in the U.S. Commercial and Industrial (C&I) solar market. As part of this business expansion, Maxeon will sell Maxeon-branded IBC solar panels together with a Performance Assurance product from Omnidian. This partnership expands upon Maxeon's existing presence in the U.S. utility-scale solar power plant business. Omnidian, a Seattle-based leading provider of comprehensive protection and performance assurance plans for solar systems, will bundle one-year of Omnidian's Shield Plan with commercial systems larger than 250 kilowatts sold by Maxeon. Omnidian will also offer the option to extend coverage for multiple years. The addition of Omnidian's Shield Plan helps enhance bankability and increase return on investment for PV systems using Maxeon's module technology. As part of this collaboration, Omnidian will facilitate access for Maxeon to Omnidian's existing US customer base to quickly expand Maxeon's C&I market footprint. Omnidian's Shield Plan for Maxeon systems above 250 kW will include comprehensive system protection, preventive maintenance, covered corrective maintenance, professional monitoring, and a cash-back performance guarantee on up to 95% of forecasted energy. Omnidian's support includes 24/7 continuous monitoring, proactive service alerts, and intelligent system diagnostics. Omnidian real-time symptom detection technology works around the clock to precisely identify underperformance and each underlying root cause. In the real world, multiple conditions overlap, such as hardware failure, shading, soiling, or weather-related underperformance. Omnidian pinpoints the impact of each, coordinates remediation and confirms resolution. Together with Maxeon's modules, Omnidian's proprietary technology integrates with major monitoring platforms, surveilling individual installations to ensure they meet baseline performance requirements, and quickly identifies underperforming assets requiring field service dispatch. Subject to customary conditions and exclusions, Omnidian's cash-back performance guarantee transfers certain solar energy generation risks away from the solar asset owner—including weather risk. For developers, the combination of Maxeon's product superiority with Omnidian's performance guarantee plans is expected to increase competitive differentiation, bankability for project-financing, and remove significant operational burden and expense from monitoring and maintenance.
Maxeon Solar Technologies, Ltd. Announces Earnings Guidance for the Year 2021
2021-11-17 21:06:00
Maxeon Solar Technologies, Ltd. announced earnings guidance for the year 2021. For the year, the company expects revenue in the range of $215 million to $235 million.
Maxeon Solar Technologies, Ltd. to Supply 400Mw (But Not Less Than 360Mw) of Its Performance Line Solar Panels
2021-11-17 21:04:00
On November 17, 2021, Maxeon Solar Technologies, Ltd. announced that the Company will supply up to 400MW (but not less than 360MW) of its Performance line solar panels for TotalEnergies SE's Danish Fields Solar power plant project located in the United States.
Maxeon Solar Technologies, Ltd., Q3 2021 Earnings Call, Nov 17, 2021
2021-11-03 15:35:00
Maxeon Solar Technologies, Ltd., Q3 2021 Earnings Call, Nov 17, 2021
Maxeon Solar Technologies, Ltd. to Report Q3, 2021 Results on Nov 17, 2021
2021-11-03 15:35:00
Maxeon Solar Technologies, Ltd. announced that they will report Q3, 2021 results on Nov 17, 2021
Maxeon Solar Technologies, Ltd Appoints Nikita Taldykin to Serve as A Member of the Board and A Member of the Company’s Nominating and Corporate Governance Committee
2021-10-25 13:47:00
On October 22, 2021, the Board of Directors of Maxeon Solar Technologies, Ltd. appointed Nikita Taldykin to serve as a member of the Board and a member of the Company’s Nominating and Corporate Governance Committee. Mr. Taldykin is replacing Lee Ian Young, who earlier resigned, as a designee of TotalEnergies Solar International SAS and TotalEnergies Gaz Electricité Holdings France SAS pursuant to the Shareholders Agreement dated August 26, 2020. Since 2018, Mr. Taldykin has been the Vice President and General Counsel – Upstream and Corporate Services of TotalEnergies American Services, located in Houston, Texas. In this role, he sits on several management committees and boards of directors and is responsible for corporate governance and managing legal and compliance affairs for the company’s upstream affiliates in the United States. He joined TotalEnergies Solar International SAS in 2010 and has since held several business development and legal roles. Mr. Taldykin began his career in private practice at Vinson & Elkins LLP, where he focused on domestic and cross-border energy transactions across Asia-Pacific, Europe, North America, Africa, Latin America and the Caribbean. Mr. Taldykin obtained a Bachelor of Arts in Government and Economics from Georgetown University and a Juris Doctor from Georgetown University Law Center, located in Washington, D.C.
Maxeon Solar Technologies, Ltd. Announces Resignation of Lee Ian Young from the Board of Directors
2021-10-12 13:38:00
On October 8, 2021, Lee Ian Young resigned from the Board of Directors of Maxeon Solar Technologies, Ltd. Mr. Young had served as the designee of TotalEnergies Solar International SAS and TotalEnergies Gaz Electricité Holdings France SAS (collectively, “TotalEnergies”) pursuant to the Shareholders Agreement dated August 26, 2020, and he has resigned from employment at TotalEnergies. The appointment of a replacement director designated by TotalEnergies is in process and the seat is expected to be filled shortly.
Maxeon Solar Technologies, Ltd. Provides Earnings Outlook for the Third Quarter 2021
2021-08-12 20:10:00
Maxeon Solar Technologies, Ltd. provided earnings outlook for the third quarter 2021. For the period, the company's Revenue will be $220 - $240 millions. Shipments will be 580 - 640 MW.
Maxeon Solar Technologies, Ltd. - Shareholder/Analyst Call
2021-08-10 13:09:00
Annual General Meeting
Maxeon Solar Technologies, Ltd., Annual General Meeting, Aug 31, 2021
2021-08-10 13:09:00
Maxeon Solar Technologies, Ltd., Annual General Meeting, Aug 31, 2021, at 09:00 Eastern Daylight. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial period ended 3 January 2021 and the Auditor's Report thereon; to consider and elect Mr. Steven Robert Leonard as a Director pursuant to Regulation 94 of the Constitution of the Company; to approve Mr. Steven Robert Leonard's Directors' annual fees of USD 300,000 to be paid pro rata on a quarterly basis, based on the Company's Outside Director Compensation Policy; to consider and re-appoint Ernst & Young LLP as the company's auditors and to authorize the Audit Committee of the Board of Directors to fix their remuneration; and to consider other matter also.
Maxeon Solar Technologies, Ltd. to Report Q2, 2021 Results on Aug 12, 2021
2021-07-23 15:35:00
Maxeon Solar Technologies, Ltd. announced that they will report Q2, 2021 results on Aug 12, 2021
Maxeon Solar Technologies, Ltd., Q2 2021 Earnings Call, Aug 12, 2021
2021-07-23 15:35:00
Maxeon Solar Technologies, Ltd., Q2 2021 Earnings Call, Aug 12, 2021
Maxeon Solar Technologies Extends its AC Energy Solutions Portfolio Further Advancing its "Beyond the Panel" Strategy
2021-07-13 13:05:00
Maxeon Solar Technologies, Ltd. announced the extension of its AC Energy Solutions with the launch of the new Performance 3 AC panel. This is the second product in the company's AC portfolio and follows the introduction of the premium Maxeon 5 AC panel in late 2020. AC Energy Solutions combine the industry leading solar panel technology from Maxeon with advanced microinverter technology, offering a powerful and fully customizable solar solution to maximize any roof's potential. The new Performance 3 AC panel will be commercialized by Maxeon Solar Technologies under the SunPower brand to residential customers in key international markets through authorized installer networks and distributors starting in the third quarter of 2021. The new Performance 3 AC panel offers installers more efficient installations, simplified logistics and stock management and more flexible system designs. For homeowners, this advanced solar solution can provide a system designed to maximise power output on their home's unique roof and offers superior reliability in real-world conditions like weather events and shade.
Fundamental Summary
Maxeon published concerning results on 2022-05-26. Specifically, their growth and value factors indicate an execution challenge when it comes to generating exciting and consistent growth. These troubling results make a strong case for underperformance and for anticipating a significant downside. We gave Maxeon a 60 rating and a HOLD recommendation.
Maxeon reported earnings results for the first quarter ended April 03, 2022. For the first quarter, the company reported sales was USD 223.08 million compared to USD 165.42 million a year ago. Net loss was USD 59.11 million compared to USD 38.81 million a year ago. Basic loss per share from continuing operations was USD 1.45 compared to USD 1.14 a year ago. Diluted loss per share from continuing operations was USD 1.45 compared to USD 1.14 a year ago.
Business Description
Maxeon designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon was incorporated in 2019 and is headquartered in Singapore.
Sector Overview
Maxeon is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Maxeon's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | -84.5 | -31.2% | 60 | |
| Net Cashflow | 75.3 | 534.4% | 87 | |
| Capital Expenditure | -164.9 | -7.0% | 59 | |
| Asset Turnover | 0.8 | 7.9% | 88 | |
| Free Cashflow | -2.7 | 37.2% | 90 |
* All values are TTM
The below chart reflects Maxeon's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Maxeon's peer average final assessment score stands on 65.0, Maxeon's score is 60.
- MAXN
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Maxeon's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Maxeon's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.
5D MA
13.26
50D MA
12.17
200D MA
14.53
MACD
0.29
RSI
22.35
STOCH
78.4
Balance Sheet Analysis
Maxeon's most recent balance sheet report was not encouraging. Maxeon publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 2.3, representing a 32.7% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 0.9%. They does not yet appear to be headed in the right direction to achieve strong book value metrics. Consequently, their book value factors movement received a grade of 38. Also, Maxeon published concerning equity metrics for this filing. In the current report, equity stood at 248.9, which represents a -28.8% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 7.8%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Consequently, their equity movement received a grade of 40. That said, one metric, Liabilities, stood out as strongly positive. In terms of liabilities, Maxeon published good numbers. Their reported liabilities were 845.6, representing a 20.5% change from the previous report. These liabilities changes appear balanced compared to their peers and project the message that management is capable and focused on balancing asset growth, resource allocation, and growing liabilities. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 87. Therefore, it received a cautionary score of 53.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 1,099.8 | 4.1% | 68 |
| Liabilities | 845.6 | 20.5% | 87 |
| Price to Book | 2.3 | 32.7% | 38 |
| Cash & Equivalents | 176.7 | 6.1% | 78 |
| Equity | 248.9 | -28.8% | 40 |
The below chart describes Maxeon's performance as reflected on its balance sheet with respect to its peers. While Maxeon received a balance sheet score of 53, the average of its peers stands on 61.0.
- MAXN
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
| Intel Corporation | 157.9B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 63 | 70 | 87 | 46 | 84 | 76 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 57 | 71 | 96 | 80 | 81 | 82 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 94 | 61 | 78 | 96 | 81 | 88 | 4 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 59 | 56 | 54 | 62 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 71 | 72 | 64 | 41 | 55 | 60 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 62 | 80 | 66 | 65 | 66 | 69 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 73 | 69 | 85 | 76 | 74 | 81 | 8 | 1 |
| Lam Research Corporation | 62.4B | 73 | 77 | 59 | 51 | 45 | 59 | 9 | 1 |
| KLA Corporation | 50.5B | 75 | 62 | 73 | 53 | 66 | 66 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 72 | 68 | 56 | 62 | 76 | 64 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 71 | 84 | 50 | 46 | 51 | 60 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 65 | 84 | 76 | 72 | 65 | 78 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 81 | 66 | 73 | 82 | 74 | 78 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 74 | 69 | 77 | 88 | 82 | 81 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 85 | 65 | 75 | 92 | 80 | 84 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 77 | 62 | 77 | 96 | 86 | 82 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 77 | 64 | 46 | 52 | 62 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 48 | 81 | 63 | 45 | 47 | 51 | 19 | 1 |
| Entegris, Inc. | 14.2B | 62 | 71 | 75 | 55 | 79 | 70 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 64 | 83 | 64 | 67 | 55 | 67 | 21 | 1 |
| First Solar, Inc. | 7.5B | 77 | 70 | 50 | 58 | 57 | 58 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 53 | 79 | 79 | 60 | 64 | 68 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 59 | 74 | 72 | 76 | 72 | 70 | 24 | 1 |
| Universal Display Corporation | 5.4B | 57 | 76 | 83 | 85 | 70 | 75 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 60 | 45 | 47 | 71 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 65 | 79 | 73 | 87 | 82 | 80 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 57 | 65 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 71 | 71 | 78 | 92 | 76 | 81 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 55 | 82 | 59 | 79 | 56 | 61 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 70 | 68 | 75 | 74 | 77 | 74 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 74 | 86 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 69 | 74 | 80 | 76 | 74 | 33 | 1 |
| Semtech Corporation | 3.6B | 58 | 79 | 68 | 67 | 64 | 67 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 64 | 75 | 74 | 38 | 75 | 69 | 35 | 1 |
| SunPower Corporation | 3.2B | 72 | 81 | 42 | 83 | 53 | 61 | 36 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 83 | 37 | 1 |
| Diodes Incorporated | 3.1B | 46 | 78 | 71 | 51 | 72 | 61 | 38 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 40 | 85 | 60 | 40 | 47 | 54 | 39 | 1 |
| Nova Ltd. | 2.8B | 86 | 45 | 76 | 48 | 82 | 61 | 40 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 75 | 76 | 41 | 1 |
| Ambarella, Inc. | 2.7B | 45 | 75 | 74 | 86 | 65 | 63 | 42 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 45 | 83 | 61 | 76 | 56 | 57 | 43 | 1 |
| Rambus Inc. | 2.4B | 43 | 82 | 41 | 95 | 54 | 48 | 44 | 1 |
| Canadian Solar Inc. | 2.2B | 91 | 54 | 59 | 62 | 62 | 58 | 45 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 85 | 71 | 74 | 81 | 46 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 77 | 79 | 86 | 88 | 47 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 48 | 1 |
| Impinj, Inc. | 1.4B | 62 | 68 | 78 | 39 | 92 | 72 | 49 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 55 | 78 | 68 | 48 | 68 | 63 | 50 | 1 |
| Cohu, Inc. | 1.4B | 52 | 82 | 57 | 59 | 59 | 57 | 51 | 1 |
| Photronics, Inc. | 1.3B | 53 | 85 | 66 | 76 | 66 | 68 | 52 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 90 | 63 | 75 | 95 | 82 | 86 | 53 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 72 | 41 | 78 | 47 | 58 | 54 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 89 | 64 | 67 | 87 | 67 | 77 | 55 | 1 |
| PDF Solutions, Inc. | 813.0M | 54 | 81 | 64 | 90 | 51 | 62 | 56 | 1 |
| CEVA, Inc. | 804.5M | 82 | 74 | 60 | 87 | 60 | 73 | 57 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 59 | 76 | 65 | 38 | 63 | 59 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 61 | 39 | 97 | 55 | 58 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 96 | 63 | 58 | 97 | 56 | 73 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 92 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
| SiTime Corporation | 3.8B | 57 | 67 | 65 | 73 | 64 | 58 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 84 | 71 | 67 | 72 | 73 | 77 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 87 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 49 | 54 | 72 | 56 | 56 | 44 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 37 | 80 | 80 | 62 | 80 | 67 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 94 | 62 | 85 | 99 | 98 | 98 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 51 | 78 | 42 | 41 | 51 | 41 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 66 | 77 | 79 | 85 | 52 | 65 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 92 | 70 | 66 | 45 | 73 | 75 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 48 | 82 | 40 | 37 | 52 | 41 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 71 | 66 | 72 | 64 | 86 | 74 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 41 | 87 | 39 | 47 | 55 | 45 | 80 | 1 |
Income Statement Analysis
Maxeon's most recent income statement report was not encouraging. Maxeon reported concerning EBITDA this period. At filing, EBITDA was reported as -131.2, representing -11.0% change from the previous period. This metric might have a 18.0 percent impact on companies in the same industry and with the same market capitalization. Maxeon appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 49. Also, Maxeon management did an underwhelming job managing revenue efficiency this past period. Maxeon's revenue efficiency is 840.9 according to the metrics in the current filing, which represents a 7.4% change from the previous report. This metric might have a 15.9 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 50. On the other hand, Return Factors, jumped out as looking rather positive. Maxeon's reported return on equity (ROE) ratio was -84.5, representing a change of -31.2%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 60. The companie's income statement, therefore, earned a score of 49.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | -131.2 | -11.0% | 49 |
| Total Revenues | 840.9 | 7.4% | 50 |
| Return on Equity | -84.5 | -31.2% | 60 |
The below chart describes Maxeon's performance as reflected on its income statement with respect to its peers. While Maxeon received a income statement score of 49 , the average of its peers stands on 64.0.
- MAXN
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 46 | 83 | 68 | 63 | 0 | 1 |
| Intel Corporation | 157.9B | 90 | 55 | 73 | 76 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 69 | 78 | 71 | 74 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 48 | 87 | 79 | 66 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 40 | 89 | 38 | 59 | 4 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 72 | 68 | 73 | 72 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 40 | 91 | 93 | 65 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 59 | 88 | 90 | 74 | 8 | 1 |
| Lam Research Corporation | 62.4B | 80 | 63 | 75 | 74 | 9 | 1 |
| KLA Corporation | 50.5B | 56 | 77 | 77 | 67 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 79 | 90 | 71 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 41 | 89 | 88 | 64 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 57 | 83 | 92 | 71 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 50 | 93 | 85 | 70 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 53 | 92 | 94 | 73 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 45 | 90 | 83 | 66 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 41 | 70 | 48 | 53 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 69 | 70 | 63 | 70 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 88 | 57 | 62 | 75 | 19 | 1 |
| Entegris, Inc. | 14.2B | 56 | 80 | 80 | 69 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 76 | 65 | 63 | 71 | 21 | 1 |
| First Solar, Inc. | 7.5B | 98 | 43 | 40 | 73 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 54 | 88 | 89 | 71 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 78 | 66 | 65 | 74 | 24 | 1 |
| Universal Display Corporation | 5.4B | 71 | 63 | 61 | 68 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 76 | 93 | 76 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 45 | 91 | 90 | 68 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 80 | 76 | 83 | 80 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 63 | 76 | 77 | 70 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 68 | 48 | 67 | 61 | 33 | 1 |
| Semtech Corporation | 3.6B | 64 | 84 | 87 | 75 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 74 | 77 | 73 | 76 | 35 | 1 |
| SunPower Corporation | 3.2B | 49 | 43 | 72 | 49 | 36 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 37 | 1 |
| Diodes Incorporated | 3.1B | 66 | 84 | 86 | 76 | 38 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 54 | 83 | 78 | 72 | 39 | 1 |
| Nova Ltd. | 2.8B | 41 | 89 | 78 | 70 | 40 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 41 | 1 |
| Ambarella, Inc. | 2.7B | 56 | 89 | 79 | 71 | 42 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 73 | 82 | 85 | 79 | 43 | 1 |
| Rambus Inc. | 2.4B | 48 | 85 | 62 | 64 | 44 | 1 |
| Canadian Solar Inc. | 2.2B | 73 | 76 | 53 | 72 | 45 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 46 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 63 | 60 | 47 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 48 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 52 | 59 | 49 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 50 | 1 |
| Cohu, Inc. | 1.4B | 92 | 53 | 49 | 75 | 51 | 1 |
| Photronics, Inc. | 1.3B | 55 | 86 | 92 | 71 | 52 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 48 | 86 | 68 | 65 | 53 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 54 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 62 | 75 | 76 | 69 | 55 | 1 |
| PDF Solutions, Inc. | 813.0M | 49 | 95 | 89 | 71 | 56 | 1 |
| CEVA, Inc. | 804.5M | 51 | 90 | 97 | 71 | 57 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 72 | 60 | 55 | 67 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 45 | 74 | 55 | 57 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 49 | 90 | 86 | 69 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 37 | 96 | 94 | 65 | 61 | 1 |
| SiTime Corporation | 3.8B | 39 | 93 | 78 | 64 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 47 | 87 | 89 | 67 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 38 | 89 | 81 | 62 | 64 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 88 | 42 | 42 | 67 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 45 | 95 | 90 | 69 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 37 | 47 | 69 | 43 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 94 | 80 | 88 | 90 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 56 | 45 | 72 | 53 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 92 | 44 | 69 | 73 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 37 | 45 | 70 | 43 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 51 | 74 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 41 | 86 | 65 | 65 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 97 | 50 | 83 | 79 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 54 | 87 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Two metrics jump up as the most significant positive drivers of the cash flow's strength in Maxeon's recent report: Free Cash flow and Asset Turnover. Maxeon's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Maxeon recorded free cash flow of -2.7, which represents a 37.2% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.7%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 90. Also, Maxeon is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.8, representing a 7.9% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 1.9 percent by this parameter. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. The company's asset turnover movement, therefore, received a grade of 88. That said, one metric, Capital Expenditure, stood out as strongly negative. Maxeon's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -164.9, which represents a -7.0% change from the last period. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, their CapEx movement component earned a score of 59. Therefore, their cash flow earned a grade of 84.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 75.3 | 534.4% | 87 |
| Capital Expenditure | -164.9 | -7.0% | 59 |
| Asset Turnover | 0.8 | 7.9% | 88 |
| Free Cashflow | -2.7 | 37.2% | 90 |
The below chart describes Maxeon's performance as reflected on its cash flow with respect to its peers. While Maxeon received a cash flow score of 84, the average of its peers stands on 70.0.
- MAXN
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 422.4B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
| Intel Corporation | 157.9B | 57 | 72 | 68 | 53 | 58 | 1 | 1 |
| Texas Instruments Incorporated | 143.5B | 74 | 74 | 63 | 69 | 70 | 2 | 1 |
| QUALCOMM Incorporated | 142.4B | 65 | 65 | 70 | 87 | 77 | 3 | 1 |
| Advanced Micro Devices, Inc. | 139.6B | 93 | 66 | 69 | 37 | 57 | 4 | 1 |
| Broadcom Inc. | 102.5B | 74 | 76 | 87 | 89 | 85 | 5 | 1 |
| Applied Materials, Inc. | 84.9B | 75 | 59 | 69 | 72 | 69 | 6 | 1 |
| Analog Devices, Inc. | 78.3B | 78 | 76 | 51 | 94 | 84 | 7 | 1 |
| Micron Technology, Inc. | 65.6B | 81 | 85 | 81 | 74 | 80 | 8 | 1 |
| Lam Research Corporation | 62.4B | 72 | 60 | 56 | 75 | 68 | 9 | 1 |
| KLA Corporation | 50.5B | 70 | 76 | 52 | 79 | 74 | 10 | 1 |
| NXP Semiconductors N.V. | 41.7B | 59 | 72 | 51 | 85 | 73 | 11 | 1 |
| Marvell Technology, Inc. | 40.5B | 94 | 84 | 58 | 46 | 65 | 12 | 1 |
| Microchip Technology Incorporated | 33.6B | 80 | 79 | 48 | 84 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 24.5B | 54 | 86 | 45 | 64 | 64 | 14 | 1 |
| ON Semiconductor Corporation | 23.5B | 60 | 79 | 55 | 74 | 70 | 15 | 1 |
| Monolithic Power Systems, Inc. | 19.4B | 84 | 78 | 59 | 75 | 77 | 16 | 1 |
| SolarEdge Technologies, Inc. | 16.5B | 46 | 38 | 55 | 52 | 43 | 17 | 1 |
| Skyworks Solutions, Inc. | 15.8B | 78 | 57 | 79 | 73 | 71 | 18 | 1 |
| Teradyne, Inc. | 15.7B | 75 | 65 | 66 | 68 | 68 | 19 | 1 |
| Entegris, Inc. | 14.2B | 60 | 57 | 50 | 77 | 65 | 20 | 1 |
| Qorvo, Inc. | 10.6B | 78 | 65 | 87 | 71 | 73 | 21 | 1 |
| First Solar, Inc. | 7.5B | 46 | 84 | 56 | 46 | 53 | 22 | 1 |
| Lattice Semiconductor Corporation | 7.2B | 79 | 77 | 43 | 82 | 77 | 23 | 1 |
| MKS Instruments, Inc. | 6.0B | 58 | 58 | 92 | 56 | 59 | 24 | 1 |
| Universal Display Corporation | 5.4B | 74 | 81 | 68 | 65 | 71 | 25 | 1 |
| Silicon Laboratories Inc. | 5.3B | 70 | 89 | 81 | 88 | 86 | 26 | 1 |
| CMC Materials, Inc. | 5.2B | 72 | 66 | 68 | 80 | 75 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 58 | 68 | 28 | 1 |
| Synaptics Incorporated | 5.1B | 85 | 62 | 98 | 55 | 67 | 29 | 1 |
| Power Integrations, Inc. | 4.5B | 88 | 77 | 64 | 82 | 82 | 30 | 1 |
| Amkor Technology, Inc. | 4.3B | 46 | 57 | 61 | 71 | 60 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 91 | 32 | 1 |
| Allegro MicroSystems, Inc. | 4.1B | 56 | 56 | 77 | 56 | 56 | 33 | 1 |
| Semtech Corporation | 3.6B | 79 | 78 | 58 | 79 | 78 | 34 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.4B | 46 | 78 | 54 | 78 | 69 | 35 | 1 |
| SunPower Corporation | 3.2B | 84 | 41 | 39 | 93 | 74 | 36 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 68 | 37 | 1 |
| Diodes Incorporated | 3.1B | 77 | 61 | 52 | 80 | 72 | 38 | 1 |
| Silicon Motion Technology Corporation | 2.9B | 63 | 53 | 46 | 85 | 61 | 39 | 1 |
| Nova Ltd. | 2.8B | 58 | 53 | 39 | 56 | 54 | 40 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 41 | 1 |
| Ambarella, Inc. | 2.7B | 84 | 95 | 45 | 75 | 80 | 42 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.7B | 93 | 81 | 83 | 74 | 83 | 43 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 89 | 90 | 44 | 1 |
| Canadian Solar Inc. | 2.2B | 69 | 70 | 74 | 68 | 71 | 45 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 85 | 82 | 46 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 47 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 79 | 67 | 48 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 49 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 62 | 50 | 1 |
| Cohu, Inc. | 1.4B | 92 | 62 | 71 | 44 | 59 | 51 | 1 |
| Photronics, Inc. | 1.3B | 65 | 92 | 96 | 79 | 83 | 52 | 1 |
| SMART Global Holdings, Inc. | 1.1B | 47 | 85 | 95 | 54 | 62 | 53 | 1 |
| Veeco Instruments Inc. | 1.0B | 73 | 82 | 48 | 69 | 71 | 54 | 1 |
| Alpha and Omega Semiconductor Limited | 957.1M | 49 | 64 | 45 | 59 | 54 | 55 | 1 |
| PDF Solutions, Inc. | 813.0M | 81 | 98 | 45 | 92 | 89 | 56 | 1 |
| CEVA, Inc. | 804.5M | 57 | 54 | 84 | 83 | 71 | 57 | 1 |
| Ichor Holdings, Ltd. | 789.3M | 51 | 37 | 87 | 71 | 59 | 58 | 1 |
| Enphase Energy, Inc. | 27.8B | 89 | 77 | 64 | 40 | 60 | 59 | 1 |
| Wolfspeed, Inc. | 8.7B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
| Daqo New Energy Corp. | 5.4B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
| SiTime Corporation | 3.8B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
| Onto Innovation Inc. | 3.7B | 95 | 65 | 88 | 85 | 85 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.3B | 67 | 69 | 73 | 78 | 74 | 64 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
| ACM Research, Inc. | 950.7M | 62 | 43 | 50 | 54 | 50 | 66 | 1 |
| NeoPhotonics Corporation | 837.4M | 50 | 63 | 67 | 87 | 72 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| indie Semiconductor, Inc. | 752.7M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
| Magnachip Semiconductor Corporation | 681.9M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
| Navitas Semiconductor Corporation | 575.2M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
| Rigetti Computing, Inc. | 426.1M | 48 | 76 | 51 | 60 | 58 | 73 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 74 | 1 |
| Meta Materials Inc. | 414.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
| Valens Semiconductor Ltd. | 350.3M | 53 | 89 | 90 | 46 | 66 | 77 | 1 |
| Rockley Photonics Holdings Limited | 338.0M | 80 | 72 | 66 | 46 | 59 | 78 | 1 |
| CyberOptics Corporation | 278.5M | 49 | 74 | 89 | 78 | 72 | 79 | 1 |
| Transphorm, Inc. | 260.9M | 81 | 87 | 96 | 94 | 88 | 80 | 1 |
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