Maxeon widens net loss in Q1 2021

Singapore-based module manufacturer Maxeon Solar Technologies, Ltd. announced shipments of 379 MW in the first quarter of 2021, compared to 531 MW in Q1 2020. In Q4 2020 the company sold 655 MW. Revenue declined from $227 million in Q1 2020 to $165 million in the reporting period. Net loss increased to $38 million (Q12020: $-31 million).
For the second quarter, the company expects shipments in the range of 415 to 475 MW, revenue to be at $165 to $185 million.

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