Maxeon Solar Technologies (MAXNQ) Tax Provisions (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Tax Provisions of $5.4 million for Q4 2024, up 153.88% on a YoY basis from $2.1 million in Q1 2024, and up 128.47% quarter-over-quarter from -$18.9 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Tax Provisions (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Tax Provisions for 6 years, with the latest figure at $5.4 million in Q4 2024.
- For the quarter ending Q4 2024, Tax Provisions rose 153.88% year-over-year to $5.4 million; the trailing twelve-month figure through Dec 2024 stood at -$9.1 million (up 52.79% YoY), and the FY2024 full-year result was -$18.0 million, down 2967.73% from the prior year.
- Tax Provisions for Q4 2024 stood at $5.4 million, up from -$18.9 million in the prior quarter.
- The five-year high for Tax Provisions was $5.4 million in Q4 2024, with the low at -$28.0 million in Q1 2023.
- Historically, Tax Provisions has averaged -$3.6 million across 5 years, with a median of -$1.4 million in 2020.
- The largest YoY upside for Tax Provisions was 206.46% in 2023 against a maximum downside of 2858.86% in 2023.
- Maxeon Solar Technologies' Tax Provisions stood at -$5.0 million in 2020, then surged by 96.55% to -$174000.0 in 2021, then sank by 1278.74% to -$2.4 million in 2022, then slumped by 316.84% to -$10.0 million in 2023, then soared by 153.88% to $5.4 million in 2024.
- The last three Tax Provisions figures came in at $5.4 million (Q4 2024), -$18.9 million (Q3 2024), and $3.2 million (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 7.72 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 9.03 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -6.45 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 1.29 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 7.07 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -89,000.00 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 2.10 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 54.98 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -164,000.00 |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 5.39 Mn |
| Sep 29, 2024 | -18.93 Mn |
| Jun 30, 2024 | 3.21 Mn |
| Mar 31, 2024 | 1.20 Mn |
| Dec 31, 2023 | -10.00 Mn |
| Oct 1, 2023 | 2.55 Mn |
| Jul 2, 2023 | -5.89 Mn |
| Apr 2, 2023 | -5.98 Mn |
| Jan 1, 2023 | -28.03 Mn |
| Oct 2, 2022 | -2.40 Mn |
| Jul 3, 2022 | -937,000.00 |
| Apr 3, 2022 | -825,000.00 |
| Jan 2, 2022 | 1.02 Mn |
| Oct 3, 2021 | -174,000.00 |
| Jul 4, 2021 | 1.22 Mn |
| Apr 4, 2021 | -2.26 Mn |
| Jan 3, 2021 | -4.74 Mn |
| Sep 27, 2020 | -5.04 Mn |
| Jun 28, 2020 | -1.88 Mn |
| Mar 29, 2020 | -468,000.00 |