Maxeon Solar Technologies (MAXNQ) Work In Process (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Work In Process of $5.4 million for Q4 2024, down 93.3% on a YoY basis from $80.2 million in Q1 2024, and down 93.3% quarter-over-quarter from $80.2 million in Q4 2023.
Maxeon Solar Technologies (MAXNQ) Work In Process (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Work In Process for 5 years, with the latest figure at $5.4 million in Q4 2024.
- For the quarter ending Q4 2024, Work In Process fell 93.3% year-over-year to $5.4 million; the trailing twelve-month figure through Dec 2024 stood at $5.4 million (down 93.3% YoY), and the FY2024 full-year result was $5.4 million, down 93.3% from the prior year.
- Work In Process for Q4 2024 stood at $5.4 million, down from $80.2 million in the prior quarter.
- The five-year high for Work In Process was $80.2 million in Q4 2023, with the low at $5.4 million in Q4 2024.
- Historically, Work In Process has averaged $54.3 million across 4 years, with a median of $61.1 million in 2021.
- Annual changes were most pronounced in 2023 — Work In Process surged 59.99% — and 2024, when it plunged 93.3%.
- Maxeon Solar Technologies' Work In Process stood at $61.1 million in 2021, then fell by 21.46% to $48.0 million in 2022, then jumped by 67.29% to $80.2 million in 2023, then sank by 93.3% to $5.4 million in 2024.
- The last three Work In Process figures came in at $5.4 million (Q4 2024), $80.2 million (Q4 2023), and $76.7 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 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 |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | Maxeon Solar Technologies | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 5.38 Mn |
| Dec 31, 2023 | 80.22 Mn |
| Jan 1, 2023 | 76.72 Mn |
| Jan 2, 2022 | 47.95 Mn |
| Jan 3, 2021 | 61.06 Mn |
| Dec 29, 2019 | 62.05 Mn |