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
DateValue
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