Hey all
Firstly, very sad to see the situation going on in eastern Europe.
As a result of the war, there has been a need/focus on sustainable energy for western nations and in that – solar stocks have absolutely ripped to the point of a possible squeeze ( given high SI).
one of my bigger holdings is Maxeon solar technologies – below.
I'll keep it short and sweet.
I've been a big advocate of solar stocks.
I've been accumulating my biggest conviction stock which is Maxeon Solar technologies.
High level breakdown:
Maxeon Solar Technologies split off from Sunpower a couple years ago, with Maxeon being the global producer and Sunpower being the US producer and distributor.
Market cap of about $700m with revenue of 1.1b in.
The valuations are really good but what really makes the difference here is their products. They make the highest efficiency and lowest degrading solar panels in the world, and are looking to move into the micro inverters, energy storage and even services industries in the next few years with a partnership with Enphase Energy. They have also come out with Maxeon Air ( one of the worlds lightest solar panels). A big big big market which it just entered in the European Market. It is present in australia, aisa pacific, Europe and north america so a BIG global reach.
Being in such a quickly growing industry, and the leader in quality, you’d expect them to have a much higher market cap. Given they are a new company in early stages, they are still unprofitable – however, a lot of that is due to costs due to the $spwr split off. A few months from Now i expect this to hit nothing short of $100. Which would give it a valuation $3.5b. While it generates almost $1.5b of revenues.
It's currently up almost 100% in the last few days and today alone is up 30%.
I expect this thing to be around $25 ( given it a MC of $2.5b).
Any other solar bulls present here?
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