Maxeon Solar Technologies (MAXNQ) Research & Development (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Research & Development of $9.3 million for Q4 2024, down 7.23% on a YoY basis from $10.0 million in Q1 2024, and up 3.39% quarter-over-quarter from $9.0 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Research & Development (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Research & Development for 6 years, with the latest figure at $9.3 million in Q4 2024.
- For the quarter ending Q4 2024, Research & Development fell 7.23% year-over-year to $9.3 million; the trailing twelve-month figure through Dec 2024 stood at $37.6 million (down 17.84% YoY), and the FY2024 full-year result was $37.6 million, down 17.84% from the prior year.
- Research & Development for Q4 2024 stood at $9.3 million, up from $9.0 million in the prior quarter.
- The five-year high for Research & Development was $13.9 million in Q2 2022, with the low at $7.0 million in Q2 2020.
- Historically, Research & Development has averaged $10.7 million across 5 years, with a median of $10.4 million in 2021.
- Annual changes were most pronounced in 2020 — Research & Development dropped 28.45% — and 2021, when it jumped 52.04%.
- Maxeon Solar Technologies' Research & Development stood at $9.8 million in 2020, then advanced by 28.65% to $12.6 million in 2021, then dropped by 5.26% to $12.0 million in 2022, then retreated by 16.54% to $10.0 million in 2023, then slipped by 7.23% to $9.3 million in 2024.
- The last three Research & Development figures came in at $9.3 million (Q4 2024), $9.0 million (Q3 2024), and $9.4 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 44.87 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 50.16 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 10.14 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | - |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | - |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 2.64 Mn |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 9.27 Mn |
| Sep 29, 2024 | 8.96 Mn |
| Jun 30, 2024 | 9.43 Mn |
| Mar 31, 2024 | 9.90 Mn |
| Dec 31, 2023 | 9.99 Mn |
| Oct 1, 2023 | 11.63 Mn |
| Jul 2, 2023 | 13.01 Mn |
| Apr 2, 2023 | 11.08 Mn |
| Jan 1, 2023 | 11.40 Mn |
| Oct 2, 2022 | 11.97 Mn |
| Jul 3, 2022 | 12.42 Mn |
| Apr 3, 2022 | 13.89 Mn |
| Jan 2, 2022 | 10.70 Mn |
| Oct 3, 2021 | 12.63 Mn |
| Jul 4, 2021 | 10.17 Mn |
| Apr 4, 2021 | 13.03 Mn |
| Jan 3, 2021 | 8.76 Mn |
| Sep 27, 2020 | 9.82 Mn |
| Jun 28, 2020 | 7.04 Mn |
| Mar 29, 2020 | 8.57 Mn |