Maxeon Solar Technologies(US:MAXN)2021-06-11 23:04Company Overview - Maxeon Solar Technologies has a global presence, serving over 100 markets with a customer base exceeding 300,000[4,12] - The company's 2020 volume reached 2,145 MW[11] - TotalEnergies SE holds approximately 25% ownership in Maxeon, while Zhonghuan Semiconductor Co (TZS) holds around 24%[16] Market and Strategy - The global installed solar capacity is projected to grow more than 3x from 771 GW in 2020 to 2,382 GW in 2030, with a CAGR of 12%[18] - Maxeon's strategy focuses on leading panel innovation, differentiated global DG brand and channel, and a focused large-scale approach[20,22] Financial Performance - Q1 2021 revenue was $165 million, impacted by DG seasonality and a pause in large-scale sales[51] - Q1 2021 capital expenditures totaled $11 million[51] - The outlook for Q2 2021 includes revenue of $165 - $185 million and shipments of 415 - 475 MW[62] Capacity Expansion - Planned capacity expansion includes 1.8 GW of new mono-PERC cell capacity in Malaysia and 1.8 GW of new shingled panel assembly capacity in Mexicali, Mexico[46] - G12 expansion at HSPV to 8 GW total capacity has been approved[66]