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Starting to get some traction here .
The company not dumping shares
Sun power halts operations and is up 13% we get their business and we down lol… I don’t get it.
Sometimes it can take a day or two for the news to spread.
It seems to be turning up now, but for how long.
Hopefully this is the catalyst we need to boost us out of this rut.
New Partnership with Solaris Renewables: New Partnership with Solaris Renewables: "Our experience with Maxeon has proven their panels have the best performance, superior reliability and aesthetics, and the support Maxeon provides partners is tremendous, making them the easiest solar manufacturer to do business with," said Brian Sadler, Vice President, Solaris Renewables...Additionally, the fact that we've never had to replace a Maxeon panel in the field gives us and our customers unparalleled peace-of-mind." - Brian Sadler, Solaris Renewables Vice President
Shorts can say whatever they want, but why is the cost to borrow fee decreasing rapidly?
In 10 trading days from 96% to 9%
Apparently the demand for short shares is decreasing quickly
I just had to get back in here. Looks like somethings brewing.
July 19, 2024, Maxeon’s total shares outstanding was 549,127,404
https://corp.maxeon.com/stock-information/stock-quote-chart
... and what will happen when the shorts buy back? BOOOOOOM or DOUBLE BOOOOOOM...LOL (THE ONLY BIG QUESTION IS - WHEN WILL IT START WHEN WILL THE RISE COME WHEN WILL THE EXPLOSION COME WHEN WILL THE SHORTS BUY BACK?)
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MOST SHORTED STOCKS
These are the companies with the largest proportions of outstanding shares currently sold short.
SYMBOL
SYMBOL
COMPANY NAME
PRICE
CHG% (1D)
CHG% (YTD)
SHORT INTEREST
SHORT DATE
FLOAT
FLOAT SHORTED (%)
MAXN
MAXN
Maxeon Solar Technologies Ltd.
$0.22 3.90%
-96.88%
22,952,721
06/28/24
31,359,746
73.19%
BSFC
BSFC
Blue Star Foods Corp.
$1.99 -7.87%
-72.36%
541,342
06/28/24
782,494
69.18%
AILE
AILE
iLearningEngines Inc.
$9.88 -0.70%
-5.64%
545,885
06/28/24
800,455
68.20%
SMX
SMX
SMX (Security Matters) PLC
$5.75 -7.70%
-89.20%
37,405
06/28/24
63,848
58.58%
RILY
RILY
B. Riley Financial Inc.
$17.06 -2.12%
-18.72%
9,062,752
06/28/24
15,552,032
58.27%
PLCE
PLCE
Children's Place Inc.
$7.79 2.70%
-66.45%
2,750,712
06/28/24
5,048,968
54.48%
PHAT
PHAT
Phathom Pharmaceuticals Inc.
Keep an eye on that float, outstanding shares is incredible increasing to much pressure…. It has to give
nice increase/ pre
would be awesome
That huge percentage,
I smell news soon
Did you see how much they spend for it. Thats a shame
Wow, 23% shares acquired - TCL Zhonghuan Renewable Energy Technology Co., Ltd. (“TZS Parent”)
https://ih.advfn.com/stock-market/NASDAQ/maxeon-solar-technologies-MAXN/stock-news/94227577/form-sc-13d-a-general-statement-of-acquisition-o
First Solar (FSLR)
Trump is not a fan of the green movement, but one sustainable energy company could profit from the trade wars the former president vows to expand if re-elected.
Trending Now: Trump-Era Tax Cuts Are Expiring — How Changes Will Impact Retirees
“Solar panel manufacturer First Solar could benefit if Trump puts tariffs on Chinese-made solar panels, making them less competitive, which could help First Solar’s sales,” Feleppa said.
Trump has already said they are out . Drill, Drill , Drill . He's a boob
New Mexico's deal with Maxeon ranked among the top deals in North America
Governor says the agreement with Maxeon will create up to 1,800 jobs
By Tom Joyce The Center Square
Wednesday, May 8, 2024 12:53 PM Updated Monday, May. 13, 2024 9:47 AM
A solar farm is seen west of Rio Rancho on June 15, 2021. Site Selection magazine recently featured New Mexico’s agreement with Singapore-based Maxeon Solar Technologies to construct a solar cell manufacturing plant in Albuquerque on its 2023 Top Deals in North America list. Susan Montoya Bryan/AP File Photo
Site Selection magazine recently featured New Mexico’s agreement with Maxeon Solar Technologies to construct a solar cell manufacturing plant in Albuquerque on its 2023 Top Deals in North America list.
The list released last week put the $1 billion Maxeon project in Mesa del Sol at 17th among the top deals in 2023, according to the New Mexico Economic Development Department.
“New Mexico’s deal with Netflix was honored by Site Selection in 2021, and now, with Maxeon, the state has a strong track record of recruiting global companies that will have a significant economic impact and help New Mexico families attain higher-paying jobs and economic security,” Acting Economic Development Cabinet Secretary Mark Roper said in the release.
In June 2023, New Mexico Gov. Michelle Lujan Grisham said the agreement with Maxeon would create up to 1,800 jobs.
Once finished, Maxeon’s 1.9-million-square-foot campus in Albuquerque will be its first U.S. manufacturing expansion.
“The new world-class, 3-gigawatt facility is designed to produce the latest-generation silicon cell technology, serving both the Utility Scale Power Plant market and Distributed Generation rooftop applications,” the release said.
Maxeon’s 160-acre plant and planned capacity would be about double the size of the second-biggest silicon solar manufacturing facility currently operating in the United States.
The site would include solar cell fabrication, panel assembly, a warehouse, and administrative offices.
Maxeon currently has plants in Mexico, Malaysia, and the Philippines.
Recently, Maxeon hired an Albuquerque-based project manager to oversee the facility's construction.
“Site surveys and geotechnical evaluation have been completed, and the construction air permit has been issued,” the release said. Further construction is pending approvals with the City of Albuquerque on water and wastewater treatment and the closing of financing.”
Additionally, Maxeon submitted a funding application for the project under the U.S. Department of Energy’s (“DOE”) Title 17 Clean Energy Financing Program; that application is currently under diligence review. Similarly, Maxeon also successfully finished the National Environmental Policy Act (NEPA) review related to this application.
Maxeon will benefit from many tax credits and credits once the project comes to fruition. Some of those benefits include, “a job-creation award from New Mexico’s LEDA closing fund, state manufacturing tax credits, credits for high-wage job creation, property tax relief stemming from Bernalillo County Industrial Revenue Bonds, and a new Advanced Energy Tax Credit, signed into law by Gov. Lujan Grisham in March 2024,” the release said.
Maxeon will get $20 million in LEDA funding, plus 2.08% of the Gross Receipts Tax on construction costs of the project (0.913% from New Mexico, 0.797% from Albuquerque, and 0.375% from Bernalillo County), according to documents NMEDD provided The Center Square. Maxeon will also receive a $2.4 billion industrial revenue bond from the state. However, other incentives in the deal depend on how much equipment the company buys and how many employees it hires, so the final calculations remain unknown.
“This project highlights how New Mexico’s investments in clean energy and manufacturing have built an ideal business environment for companies like Maxeon,” New Mexico Partnership President & CEO Melinda Allen said in the release. “It’s also a great example of how our government and industry stakeholders can mobilize quickly and effectively to meet the needs of a large-scale project.”
https://www.the-journal.com/articles/new-mexicos-deal-with-maxeon-ranked-among-the-top-deals-in-north-america/
New Job from MAXN in New Mexico posted 3 days ago!! That is solid
https://www.google.com/search?client=safari&sca_esv=04e53c1f6922b640&hl=en-us&sxsrf=ADLYWILGAj_d9cjVZzBgvN8pZLtsKIbgjQ:1721603825287&q=Maxeon+Albuquerque+jobs&sa=X&ved=2ahUKEwioz8mDormHAxXgrYkEHdz2AaMQ1QJ6BAhTEAE&biw=326&bih=549&dpr=3#fpstate=tldetail&htidocid=Gt2Nwk7uZRAn4SHuAAAAAA%3D%3D&htiq=Maxeon%20Albuquerque%20jobs&htivrt=jobs
Job description
Powering Positive Change™ Join Our Team at Maxeon: Manager, Global Compensation & Benefits – Where Innovation Meets Sustainability Who We Are: Pioneers in Solar Energy at Maxeon, we're not just harnessing the power of the sun, we're leading a global energy revolution. Our mission? To champion solar energy for a sustainable future. In a world of constant change, the only way to make a meaningful impact is to stay ahead of the curve. That’s why at Maxeon Solar Technologies we've been pushing the boundaries of solar innovation every day for 39 years – from the very edge of outer space to countless rooftops below. Our highly advanced solar products are powering the fight against climate change in more than 100 countries around the globe. And our brilliant, passionate, and driven team of more than 4,000 people globally are Powering Positive Change™ every day. We value pushing boundaries, holding ourselves to a higher standard, and thriving together. If you are ready to contribute to our journey of excellence, we invite you to be a part of our dynamic team! Learn more about Maxeon Are you ready to power positive change? Your Mission: As our Manager, Global Compensation & Benefits based in Albuquerque, New Mexico and reporting to the Director, Global Rewards, your role will be pivotal in developing global compensation and benefits policies and programs, in line with Maxeon’s total rewards philosophy, to support the company objectives and implementing through the country HR Operations and HRBP teams. You will be part of a global team and this role has both global and US responsibilities, which provides exciting development for someone keen to expand their experiences. Make Your Mark: How You Will Drive Change: The scope of this role includes but not limited to the following (other tasks assigned): • * Global Job Architecture - Develop, review and update the company’s global job architecture and grading structure across all parts of the business. This includes establishing global benchmarking guidelines for assessing external competitiveness of the total compensation structures and benefits programs calibration. • Global Compensation and Benefits Benchmarking - As the centre of excellence, identify the appropriate benchmarking surveys to participate for each market and manage the global engagement contracts with survey vendor/s centrally. Participates in annual benchmarking surveys. Perform benchmarking analysis to support total compensation reviews, development or revision of benefits, development of salary ranges etc. to align with the market. • Global Compensation Program Management – As the Program Manager, manage the design and implementation of the annual compensation review process including annual increment (AI) and variable bonus (VB) cycles with Total Rewards leader and CHRO. Design templates/tools, methodology for budgeting and guidelines for execution through the local HR Operations team members. Collaborates with country HR leaders and HRBP on the execution within the defined guidelines. Work with country HR Ops teams and payroll on execution of payouts. • Global Benefits Management – Manage the design and implementation of the framework and guidelines for reviewing and approving benefits program globally with Total Rewards leader and CHRO. Advise and collaborate with country HR leaders in ensuring governance within the defined guidelines and adherence to global benefits philosophy in the local benefits program/plan design. • Global Sales Compensation Plan Management – Manage the job grading and pay mix analysis for sales and marketing positions. Review the effectiveness of sales compensation payout results and ensure they align to original plan design and governance controls. Work with Sales Operations team as required to determine sales commission payouts. • Manpower cost budget - Develop manpower cost planning (labor budgeting) framework which is reviewed on an annual basis and work with Global Finance team to implement through labor budgeting processes. • Ensures company compliance with government laws governing both compensation and benefits practice. You will have the opportunity to present recommendations and programs to Senior Leaders, Senior HRLT and our Executive Leadership Team (ELT) as required. Your Toolkit: Skills That Make a Difference Essential for your Success: We understand that everyone has followed unique career paths, gaining valuable knowledge along the way. Don't worry if you don't tick all the boxes – apply anyway! Your experience is more than just a list of technical skills.? • Bachelor’s degree and around 10+ years of related compensation & benefits experience. • Ability to approach program designs, project management and vendor management from a global perspective • Ability to articulate viewpoints with clarity of thoughts and exercise judgement based on facts and reliable data • Previous experience in compensation or total rewards position in a publicly traded US listed company preferred. • Proficiency with Microsoft Office, including strong Excel skills. • Attention to detail and follow-up skills with ability to identify and resolve problems. • Flexible mindset and willingness to learn other total rewards programs. • Possess strong consultative skills and proven record in customer relationship management • Demonstrated ability to influence senior leaders. Excellent verbal and written communication skills with the ability to communicate effectively and interact with all levels of the organization. • Able to effectively manage demanding workloads and competing priorities and team management. • A self-starter who can work in a fast-paced, complex and challenging environment • Demonstrated leadership as a subject matter expert and the ability to be hands on to support the HR team in implementation and execution. It would be Nice if You Have: • Global Remuneration Professional (GRP) certification will be an added advantage. • Demonstrated experience with HRIS/payroll systems (SAP/SuccessFactors) Life at Maxeon: Beyond the Job At Maxeon, we are committed to creating an environment where innovation flourishes, diversity is embraced, and maintaining a healthy work-life balance is prioritized. We understand that our employees are our greatest asset, and we strive to support them both professionally and personally. Here’s what you can expect when you join our team: Competitive Salary and Benefits, Career Development Opportunities, Inclusive and Diverse Culture, Work-Life Harmony & Innovative Environment. Ready to Make an Impact? Join Us! If you're driven by making a difference and eager to join our mission at Maxeon, we can't wait to meet you. Apply today and join our team to make a brighter future together. The US base salary range for this position?is US$128,000-$160,000 per year + benefits.?Compensation may vary outside of this range depending on several factors, including a candidate’s qualifications, skills, competencies, experience, and location.? Our Commitment to Equal Opportunities: Maxeon is dedicated to fostering a diverse and inclusive workplace. We actively provide equal employment opportunities, ensuring that every individual, regardless of background, can thrive. Maxeon will not tolerate unlawful discrimination against any applicant or employee. Our commitment goes beyond compliance; it’s integral to our values. Join us in creating a workplace where everyone is valued, respected, and empowered to contribute their best
Why now Is the time to go solar
The IRA has been wildly successful for solar so far — domestic production is skyrocketing, and installations are at an all-time high and accelerating. Moreover, IRS rules dictate that solar production tax credits would remain available for projects that start construction by 2030, reducing the risk of uncertainty for developers.
If Trump gets elected all the battery and solar projects ( green power ) will shut down immediately.
Geez that is a massive project & enough to keep MAXN running around the clock. Amazing find
$MAXN Looking good for next week. Huge news out AH.
https://pv-magazine-usa.com/2024/07/19/largest-solar-plus-storage-project-in-u-s-now-operational-in-nevada/
Read the SEC form 13's from last couple weeks. They were all Tranche A debt conversions. Thats how OS (Outstanding Share) count went from around 50 million to to over 400 million. Tranche A conversion price is .30 and Tranche B is 1.00. The Tranche B's will be used to defend more short positions if price should ever spike near 1.00. This practically guarantees that R/S is only way for this to regain Nasdaq compliance. Other problem facing Maxeon is a potential regime change after Nov elections. All the DOE loan guarantees for US green projects are stalled at the moment. If Trump is elected expect more import tariffs and DOE to focus on Nuke, Coal, Oil, and etc.
How can you tell they haven't touched Trench B yet? Thanks,
Granholm (DOE secretary) will be one of the first on the chopping block if there is a Republican takeover in Nov. The not so green energy gravy train will be over.
Facebook wont tell you the whole New Mexico project is stalled due to DOE not approving the loan guarantees yet. Nothing has been done and if republicans win in Nov., this project may be dead on arrival.
SHORTS SHITYING READING THIS!!! Thanks Microsoft for killing the mojo on FRIDAY dbags!!!
Largest solar-plus-storage project in U.S. now operational in Nevada
Gemini is located thirty minutes outside of Las Vegas and with its 1.8 million solar panels, will power about 10% of Nevada’s peak power demand.
JULY 19, 2024 ANNE FISCHER
Gemini solar-plus-storage project near Las Vegas.
Image: Primergy
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Primergy and Quinbrook Infrastructure Partners announced that the Gemini solar-plus-storage project outside of Las Vegas, Nevada is now operational.
The 1.8 million solar panels are expected to generate up to 690 MW and they’re co-located with 380 MW of 4-hour battery energy storage (1,400 MWh). Using a DC-coupled storage configuration enables the batteries to be charged directly by solar, thus increasing efficiency.
In April 2022 the two companies announced that they had closed on a landmark deal of $1.9 billion in debt and tax equity financing project. The debt financing consists of $1.3 billion in credit facilities and $532 million in tax equity commitments, with the tax equity commitments provided by Truist Bank and Bank of America.
In constructing the project, which is on federal land, Primergy reports that it “created and implemented an unprecedented framework for ecosystem management” by leaving vegetation in place and using a tracker system that follows the natural undulations of the ground. The company estimates that it was able to reduce the project’s land footprint by over 20%.
During construction the project reportedly created approximately 1,300 union and prevailing wage jobs and contributed approximately $463 million to Nevada’s economy.
“Gemini creates a blueprint for holistic and innovative clean energy development at mega scale, and we are proud to have brought this milestone project to life and to have delivered so many positive impacts across job creation, environmental stewardship, and local community engagement,” said David Scaysbrook, co-founder and managing partner of Quinbrook.
The project uses MAXEON Solar Technologies’ solar modules that use bifacial mono-PERC solar cells made on large format 8-inch G12 wafers. Maxeon reports that these modules offer efficiency of over 21%, enhanced shade tolerance, and power ratings of up to 625 watts. The modules are mounted on trackers from Array and Ojjo, which are specifically designed to withstand harsh desert environments and high wind speeds with a patented wind-mitigation system.
Primergy selected Kiewit Power Constructors Co. as Gemini’s engineering, procurement and construction (EPC) partner and IHI Terrasun Solutions as the integrator for the project’s 380 MW/1,520 MWh lithium-ion battery.
NV Energy signed a 25-year power purchase agreement for the energy produced by the Gemini plant. It is expected to meet 10% of Nevada’s peak energy needs.
Primergy Solar is a developer, owner and operator specializing in utility-scale solar PV and battery storage projects across the U.S. Quinbrook Infrastructure Partners is an investment manager focused on the infrastructure needed to drive the energy transition in the UK, U.S., and Australia.
https://pv-magazine-usa.com/2024/07/19/largest-solar-plus-storage-project-in-u-s-now-operational-in-nevada/
.27?!!!! What???
Maxeon Solar Technologies, Ltd.
NasdaqGS
0.2156 -0.0248 (-10.32%)
Jul 19, 2024 at 4:00:00 PM EDT
REAL TIME PRICE
0.27 0.0544 (25.23%)
Jul 20, 2024 at 9:29:45 AM EDT
EXTENDED HOURS
https://fintel.io/sfs/us/maxn
Read the last paragraph !!!
Maxeon and SunPower will no longer be exclusive starting March 2024
By Kelly Pickerel | November 16, 2023
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SunPower dealers will soon have access to solar panels outside of Maxeon’s portfolio, and Maxeon panels will be hitting more roofs across the country now that the two companies have agreed to end their exclusive relationship in the United States.
It’s been a rocky road for the two brands that officially divorced in 2020, when SunPower separated its manufacturing arm from its North American installation network. Maxeon would focus on supplying the global market with both utility-scale and distributed generation solar panels, and SunPower would stick to residential and new construction installs in the United States.
Maxeon was permitted to sell its shingled-PERC Performance modules to anyone in the U.S. utility-scale market but could only access the U.S. DG market through its exclusive supply agreement with SunPower. Maxeon started setting up distributor relationships in 2022 to get its M-Series panels using interdigitated back contact (IBC) technology to more residential installers in the United States. Then SunPower and Maxeon extended their exclusive partnership through 2025.
But now that exclusive relationship will be coming to an end. After March 31, 2024, Maxeon will be permitted to sell its M-Series panels to non-SunPower installers in the United States.
“In DG, our business was negatively impacted by SunPower falling behind on payments, which caused Maxeon to suspend shipments to them starting in July,” said Maxeon CEO Bill Mulligan in the company’s Q3 2023 financial results call. “I am pleased to announce that we have reached a settlement with SunPower that has allowed us to resume shipments, while mutually releasing all outstanding claims.”
SunPower will purchase 85 MW of Maxeon’s IBC panels through February 2024 and then the supply agreements will be terminated.
This is ideal timing for Maxeon, as it recently acquired former shingled-cell competitor Solaria. Maxeon now has access to Solaria’s dealer channel and all of the company’s patent portfolio.
“We expect that this transaction will expand our U.S. DG market footprint in two ways. First, incorporation of Solaria’s nationwide dealer channel will inject infrastructure, capabilities and reach that should meaningfully accelerate our direct sales efforts. Second, this transaction enables immediate access to a qualified source of tariff-free solar panels that we plan to market adjacent to our flagship IBC solar panels, allowing us to replicate in the U.S. market the ‘better-best’ product strategy we have successfully employed in our international markets for years,” Mulligan said at the time.
Maxeon is planning a 3.5-GW solar cell and panel factory in Albuquerque, New Mexico, that will make the Performance line of solar modules for the utility-scale market. The company is updating from PERC to TOPCon technology.
https://www.solarpowerworldonline.com/2023/11/maxeon-and-sunpower-will-no-longer-be-exclusive-starting-march-2024/
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