SPWR

DrSeuss1020

Thank god my financial advisor told me yesterday to reduce exposure to risky positions like AMZN and GOOG and shift that money into healthy long term businesses like SPWR 🙏🏻

Ebomb1987

oh wow, SPWR is back over $1, wasn't it like .50-.55 earlier this week/last week?

Logical-Dust9445

I mean, how could I not watch SPWR again? 

Master_Bief

You've been posting about SPWR for over 2 months now. The stock was over $3 back then. You've most likely lost 2/3 of your investment by now. It's pretty clear you've been wrong for a while. What's your actual cost basis in all of this?

Logical-Dust9445

I mean, SPWR's up 67% and I bought yesterday. 

FindingSkittles

SPWR up 50% for no reason at all

Logical-Dust9445

I posted my theory on SPWR yesterday and it’s up 18% today after being up 7-8% yesterday. Everyone downvoted me despite all my due diligence 

Logical-Dust9445

Id just like to say that I made a post about SPWR yesterday, got downvoted to billion, and it’s up 18% today..

Logical-Dust9445

They're a supplier leveraging wholesale relationships from other companies to the end user via their dealers. Many of their remaining patents are related to residential installs. Just because they're not directly manufacturing the installation components doesn't mean they don't have manufacturers create those parts for SPWR. The argument you're making is like saying, "What does Target do, anymore?" They don't make Tide, Lego Sets, Coffee Makers, appliances, or farm the produce they sell... What exactly do they do?" Dealers don't want to buy up 25 solar systems and related components when they don't know how high demand will be. They want to work with a company that's been doing it for 20+ years and has everything on hand to do the installation, including customized components.

robmafia

> just owns a bunch of patents lolz @ still believing this... but also, still failing to answer what they DO. saying they own patents that, playing devil's advocate, do fucking nothing since they have no manufacturing/etc and aren't licensing anything... so even IF we pretend they own maxeon's ip (lolz), STILL fails to answer what they DO. >clearly you're short or got hurt by SPWR in some way. You care way too much about it to not be invested or something. or i just liked solar, and therefore, knew that they sucked shit.

Logical-Dust9445

oh, I don't know. just owns a bunch of patents and has $320M in lease revenue per quarter... clearly you're short or got hurt by SPWR in some way. You care way too much about it to not be invested or something. If I end up being wrong, I'll admit it no problem, but there's just not enough info at this point for me to make that decision. I'm kind of shocked the price has tanked as much as it has considering the financial details I shared above and lack of clarity into the message to dealers.

NotbotSuza2711

Let me tell you a story about the platform named Schwab. Friday everything STOPPED WORKING.  Including my SPWR stop loss.  If I wasn't in SERV (different platform), I might have some serious lamp throwing issues. 

NotbotSuza2711

Oh no.... we'll still have $SPWR. UGHHHH

Rude_Ad9567

Maxn can’t market directly to the USA and Canada while SPWR has exclusivity. They can be sought out and they can bid for federal projects, but they can’t market to contractors and smaller commercial projects. With sunpower going bankrupt, that exclusivity goes away and the entire North American continent opens up!

Rude_Ad9567

Oh the ambulance chaser article everyone is posting.. if you do even cursory research you’ll realize that it was fraud on the part of the now bankrupt SPWR and not maxn. That’s why spwr is being investigated by the sec and had their auditor quit. Spwr and maxn were the same company before.

TrollDeJour

Sorry for lack of clarity, Total Energies SE owns parts of all three of those companies, and as the majority owner of SPWR is likely a large reason why they are going bankrupt: a large conglomerate takes over all manufacturing facilities and runs them better. Cant fault them for it, well played and all is fair. Just silly to see this sub blowing up over two stocks that are likely doomed to be delisted even from OTC in the near term.

TrollDeJour

A++ companies don't dilute their stock to their creditor: Total Energies SE, at 1.5% their price from a year before. They would find a new source of credit to borrow from. Read the fine print dawg, could just as easily become SPWR as it could NextDecade. https://www.sec.gov/Archives/edgar/data/1796898/000110465924079970/tm2419453d1_sc13da.htm

J-E-S-S-E-

I’m all in on SPWR AMA

Logical-Dust9445

I'm not even going to tell you my thoughts on SPWR right now. Waiting for the dust to settle. But I am currently sitting with a massive unrealized loss for now.

PlandomeProwler

Will SPWR Sunpower have a dead cat bounce?

gridflash

Looks like SPWR may be going out of business because of the collapse in the Green Energy bubble. As of Sept. 17, it "will no longer be supporting new leases and PPA sales, nor new project installations." "

Substantial-Owl-2604

Has your feelings toward SPWR changed with the recent price movement?

MDJeffA

I did the same for SPWR

Bads_Grammar

where is the SPWR shiller?

FindingTurtles

SPWR died 

Logical-Dust9445

It's almost comical how you continue on and on rather than just admit you haven't read anything and don't know anything. First of all: SPWR has filed and been granted patents AFTER the spin-off of MAXN. These are independent patents as an independent company. Many of the patents are involving installations and residential panel processes, with some panel improvements as well. It's extremely easy to google and see which patents MAXN owns. Here's a quick tip for you though. If you spent 10 mins looking, you'll see the SPWR patent numbers I linked above don't exist in MAXN's portfolio of patents. it's clear you just don't want to read, and that's fine. Just know that if you try to call me out, I will call your bluff and all you'll be able to do is make vague statements without any facts....

lozkimmo

I’ve just woken up in Australia and can see my SPWR is down 39% fuuuuuuck. Do I sell at this loss now or hope that this becomes a squeeze candidate in the coming weeks and try break even

Subject_Tension3005

SPWR just printed bag holders today. I lost all but $300 out of $8,000 primarily because of MAXN. So, I said if you can’t beat em join em. I am up $4200 on SPWR options. I knew it was next. These solar companies are crooked as they get.

The_Swishy

SPWR is fucked, thank god I sold. I have never seen a company collapse in such a short amount of time, they're 30% down and theres still an hour and a half of trading left. Congrats to anyone who had puts lmao.

MDJeffA

Sold SOFI shares for some gains around 7.95, bought SPWR shares, bought PATH calls and ACMR calls

Logical-Dust9445

No, he publishes $1.61 price targets for SPWR and has been doing it for months. I’m guessing he strategically pushes them out whenever he needs to cover. The other news about the PPA and lease agreements is new.

Logical-Dust9445

Yeah, it's unclear. I'm sure that they're doing it because it's not financially wise for either the end customers or SPWR themselves. The thing about this industry is that regulations and utilities are fighting back, lobbying and passing laws that negatively affect renewables. Along with the tax credits extended, tariffs on china solar panels, etc. It may just be that the previous deals signed were bad for everyone involved. What I do not like as a shareholder is that THERE IS NO PR from SPWR. I mean, come on. At least put something out to explain.

ProduceNo

Forgot to Mention: Did you see SPWR’s drop at the end of the day yesterday? If it continues today, the Solar focus may shift from SPWR to MAXN, considering they are linked. Just straight speculation at this point but something to think about. Not Financial Advice.

Subject_Tension3005

When the auditor quits because they believe there is misconduct that is a huge red flag for SPWR. Then yesterday the price target was downgraded, and today a “strong sell” rating came out. Only way to win on this one is to short it. It’s another MAXN. I lost my arse on MAXN so I shorted SPWR.

Logical-Dust9445

good lord...I picked the least liked stock on the planet. Every time I come on here, there's negative news or no one upvotes anything about SPWR. Is it really that bad of a company, am I an idiot, or should I be assuming there's some conspiracy against this stock? haha. It's always something but the radio silence from SPWR isn't helping. Companies will often go quiet when either something bad is about to happen or something good is about to happen. But there's just nothing. In Feb 2024, they gave guidance to be profitable in H2, nothing since then. I really don't get it. They're either gonna blow everyone's socks off or crash and burn, and I guess that's always been the play.

ProduceNo

I feel, I really hope tomorrow morning isn’t awful for too many people. Ended up selling my position in SPWR Monday with very little gain.

Thisisjimmi

Aye, but half the investors are also in SPWR for good reason, or it was. I dont know that it isnt still, but I can tell you with the seller rating changing and I think some bad news in the pipe, SPWR is no longer on the table for me.

Logical-Dust9445

Again this sounds specific to PPAs. If it's bad for the customers and bad for SPWR, but good for the dealers they're probably not going to continue that model. There are a number of changes in the last few months that could warrant changes to their business model. 1. tariffs added on chinese panels 2. Supplier agreement with MAXN ending in Feb 2024, new suppliers with cheaper COGs available 3. Federal tax credits extended, federal tax credits added for storage, SPWR recently added TSLA powerwell to their products. 4. Federal and state regulation changes to how net metering is handled 5. State regulation changes to how PPAs affect the homebuilder. 6. New leasing options and potential rate changes - rates are already lower today than they were three months ago. When you look at all of those changes, don't you see how it's possible that a better arrangement for all parties could be to cancel the PPAs that haven't yet been installed?

Logical-Dust9445

Definitely interested in this. I wonder if it's state related or due to regulatory changes. I read that some states have legislative or regulatory hurdles that could cause PPA's to regulate developers as electric utilities. Are you in CA? changes to the net metering may have caused this type of program to be not cost efficient for the end consumers. I'm wondering if with the extended tax credit and changes to net metering in CA, the PPA route is just not good for the customers or SPWR. Not sure if how the dealers factor into it, but if it's not good for SPWR or the end customer, that might be why they're changing it. [https://www.solarreviews.com/blog/solar-ppa-everything-you-need-to-know](https://www.solarreviews.com/blog/solar-ppa-everything-you-need-to-know)

GargoilVX

SPWR just sent letters to dealers they’re going to stop all PPA and cancel equipment orders.

Logical-Dust9445

I tend to view it as a longer term play, but I think you're right. It seems like there are plenty of folks that like it in both the short and long term. Some people see it as a short squeeze candidate, as mentioned here. The one thing to be aware of if you are long term is that the short term people can fluctuate the price a lot. That happened with SPWR when it was one of the first "meme" stocks when RK came back.

Logical-Dust9445

yeah, you might be right. MAXN may just be a short term play. I've done the DD on SPWR, you can check my posts. Now there's just the issue with their past earnings that they're working through. I'm actually hoping that the SEC can help them settle whatever they need to settle so that the company can move on. All this negative press has nothing to do with their forward looking statements and recent capital raise from Total Energies. I do think that there's risk that the negative press is creating a cloud over their ability to execute on their strategy, so will look forward to it being resolved in whatever way it needs to.

beenalegend

yeah but is anyone playin MAXN as a value play? i'm only here for a parabolic move and then i'm outskis can't speak on SPWR as i haven't done the DD

Logical-Dust9445

Everyone brings up patents every single time, but there's been a flurry of patents granted to SPWR in the last couple of months, all dealing with residential solar: [https://patents.justia.com/assignee/sunpower-corporation](https://patents.justia.com/assignee/sunpower-corporation) MAXN is a manufacturer, SPWR is a dealer network + installer. The way I see it is that with MAXN, you're investing in a supplier and with SPWR you're investing in a Solar System seller. I see SPWR as having greater flexibility because they can offer higher/more efficient panels (MAXN), or they can offer lower quality/cheaper panels (other manufacturers). SPWR is like a COSTCO for solar systems, and MAXN is like if COSTCO's #1 selling brand was Kirkland. With the recent split, SPWR now has the option to sell other leading brands outside of Kirkland (MAXN), and MAXN now has the ability to sell its panels to Target, Wal-Mart, etc. At the end of the day, people are still going to go to COSTCO to buy their things, and it remains to be seen how popular Kirkland will be at Target and Wal-Mart. Total Energies is invested in both SPWR and MAXN, and it decided to provide a $200M line of capital to SPWR. To me that means they think there's more revenue potential to regain their money through SPWR, and I follow the money whenever possible.

TheRustyBird

SPWR created MAXN as a spin off, giving them all their manufacturing capability and patents. Part of the spin-off deal was an exclusive supply agreement to only sell to SPWR (which SPWR eventually broke). This naturally screwed over MAXN big time, causing their stock to tumble and putting them at risk for bankruptcy as they scrambled to secure new contracts (which they have successfully done). But without that hamstringing them they now have more potential than ever the securities fraud lawsuit is one of those cookie cutter lawsuits that naturally follow any short-manipulation play hedgies love to do against low liquidity companies. the only actual claim of wrongdoing in the lawsuit is that they supposedly refused to disclose their exclusive supply agreement but the SEC filings for that from years ago clearly exist. additionally, let's assume MAXN really is worthless, why would TZE agree to a debt restructure/reinvestment deal worth roughly 200m+ if they didn't see a potential return on that $? if they just wanted MAXN's juicy patents it would have been cheaper and less risky to just buy them out after they go bankrupt. they also have a massive new manufacturing plant in NM about to go online. i don't it'll end up being a huge squeeze or anything but there's no reason for it to be trading less than SPWR (who is now a solar panel manufacturer/installer with zero capacity to manufacture/install solar pantels.

TheRustyBird

SPWR created MAXN as a spin off, giving them all their manufacturing capability and patents.TE has stakes in both for this reason SPWR was their "revenue engine" because part of the spin-off deal was an exclusive supply agreement to only sell to SPWR (which SPWR eventually broke). So MAXN essentially had a hard-cap on their growth potential that is no longer there. SPWR at this point is a solar panel manufacturer/installer with no capacity to make or install solar panels internally (they also fired on their in-house installers, and rely on contractors now), imo there is no reason whatsoever for MAXN to be trading less than SPWR at a minimum that lawsuit is one of those cookie cutter short-manipulation chaser lawzuits that happen to any low liquidity company that ends up becoming a target for hedgies. look at options available for MAXN, it reeks of obvious hedge play manipulation, who else would short a 20c stock with infinite downside? additionally, let's assume MAXN really is worthless, why would TZE agree to a debt restructure/reinvestment deal worth roughly 200m if they didn't see a potential return on that $? if they just wanted MAXN's juicy patents it would have been cheaper and less risky to just buy them out after they go bankrupt.

Logical-Dust9445

I have a small MAXN position, but not sure I get why everyone is so amped on it vs SPWR. Total energies invested in SPWR and they have stakes in both. Both need extra cash. Even the securities lawsuit is bc SPWR drove most of their revenue: https://www.pv-tech.org/maxeon-faces-lawsuit-over-alleged-damages-to-investors/

Logical-Dust9445

Just curious, since there’s a securities fraud claim against MAXN bc most of their revenue was derived from SPWR, isn’t the better play investing in SPWR? Clearly SPWR was their revenue engine and TotalEnergies decided to give capital to SPWR despite having stakes in both companies that need cash right now. https://www.pv-tech.org/maxeon-faces-lawsuit-over-alleged-damages-to-investors/

Logical-Dust9445

haha. where have you been saying this? It feels like I'm alone on the SPWR train.

Turbulent-Aerie-1152

All in SPWR

Logical-Dust9445

I have a bit of MAXN, but still in SPWR. There are zero shares in SPWR left. they're just borrowing. This is actual insanity. 

Logical-Dust9445

I do think it could. Unfortunately, people are focusing more on MAXN which I feel has less potential than SPWR.

Logical-Dust9445

Look at SPWR. I added up the top 105 shareholders and they own 217.3M shares. There are only 217.09M shares. The top 105 only includes shareholders with 30k or more shares. That's ridiculous....

Logical-Dust9445

SPWR still. I'm dedicated!

Johna97

SPWR

thalassamikra

You know absolutely nothing about the MAXN bond restructuring and are trying to create analogies where they don't exist. This is not a bottom fishing investment bank deal. These were originally Green bonds that were issued when MAXN was spun out of SPWR (MAXN has been in existence for 39 years and was Sunpower till 2020). [https://www.jonesday.com/en/practices/experience/2020/07/maxeon-solar-technologies-completes-offering-of-$200-million-green-convertible-notes](https://www.jonesday.com/en/practices/experience/2020/07/maxeon-solar-technologies-completes-offering-of-$200-million-green-convertible-notes) In Q2 2024, MAXN did a debt restructure deal with the existing Green bondholders and simply modified some the terms of the convertible debt. The debt was exchanged for 2 tranches with extended maturities which were convertible starting July 2 at prices that were fixed by July 2. There are 2 critical elements here: 1. The conversion price is fixed by July 2 2. Maxeon can also convert.

Ebomb1987

Just a hunch, but I assume DJT is going to open +30-40% minimum. BB is a play that's been tried & tried & tried with very little success. Id lean towards SMR, EOSE & I'd say NNE but it seems to be correcting from its metoric rise. I was sick all week, looked like ZAPP was revived a bit (something about getting 50 mill I think). SMR, EOSE, TBLT & NNE ( too new of a company to have options) but they all benefit from a clean energy bill that was just passed. I see I paper handed the shit out of my $2 SPWR calls that expired on the 12th, I could just barely look at a screen & set low trigger prices. Still got two $2.50 calls expiring Friday. I want to see how the market reacts, because Vegas had Trump around 1.58x, post shooting 1.39x which is a massive jump on a futures bet 4 months away. TBH IDK what benefits from that. I'm sure TSLA does (Elon fully endorsing soon after) which I would imagine Chinese EV companies going down Monday. I personally don't care who wins, I just want to figure out the best strat on how to profit off it.

NotbotSuza2711

I know.... I sure hope what happened this afternoon negates SPWR gains. 

Johna97

SPWR might not squeeze 50% per day up in value, but now theyre climbing up consistently. I bought in at $2,40 and didnt sell when it dipped to $2,00. Now im remotely happy but not satisfied. I want to be there when it hits at least $3,20.

CalligrapherDizzy

We are expecting some good movement over the next two weeks in SPWR. I need to look up what our positions are but i think we are in around 2.30ish. Target: 5.03 - 6.44..higher is definitely possible but we arent betting on it

thalassamikra

Honestly, nothing. Graham was the largest holder of the bonds that became Tranche A/B. Linden was the second largest holder of the bonds. Their stake is not intentional - it's a conversion of existing debt. How did you see on RH that Graham has closed their short? However the fact that TCL, which had been an investor when MAXN first spun out from SPWR and already has a 27% stake is investing $100M is very promising. No one knows MAXN more than them.

Johna97

Everyone got scared of SPWR cause it dropped from $2,40 to $2,,00 in a day. Now theyre bag and up is the only direction for us right now 💪🏻

Fortapistone

As always, people start with something and walk away or get into shit. Indeed SPWR shows a nice straight line up for the past 5 days. I wrote it down a few days ago and didn't do anything. Will pay more attention, thank you.

Logical-Dust9445

SPWR is a better play imo. And was here long before the MAXN spam. Take a look at my posts. People here just lose interest too quickly and move on to the next thing. It’s MAXN this week, was HOLO one week, before that was FFIE, and on and on, etc. The fact is that in the last week, SPWR increased by +30% with short interest declining by -12%. when there’s spam tickers, there’s usually more money to be made elsewhere. It’s funny too bc SPWR investors have stayed in and were even commenting that it seems like the more ignored it is, the higher it goes. 😆 So I guess keep ignoring it!

CockroachSad4300

I was playing SPWR for a few weeks. Bought $2.80 sold $3.20 bought back $2.80 sold at $4. Then I climbed in bed with MAXN and fell in love. 😻

lozkimmo

I’m in MAxn too. This is about SPWR.

lozkimmo

So am I. This post is about SPWR…

lozkimmo

Ps I’m in MAXN too. I was chasing anyones opinion on SPWR specifically haha thanks anyway dude!

Original-Lawfulness6

But SPWR will definitely be a long run play

Logical-Dust9445

AEMD guy, HOLO guy, soon to be MAXN guy.... ALL GONE. Just me left holding SPWR, up 30% this week alone with short interest dropping, but I get like two upvotes bc no one cares. 

Logical-Dust9445

Where's HOLO YOLO guy? Disappeared completely? Meanwhile I'm still here with my SPWR play, while everyone's moved on to MAXN.

Logical-Dust9445

Meanwhile SPWR is up 30% this week and short interest is down -12%. If all it takes is no one talking about it, I'll take it! Enjoying the run over here.

Logical-Dust9445

Still here, still SPWR-ing through the noise.

thalassamikra

Take a look at all the lawsuits filed. They are classic ambulance chasing lawsuits that are filed by random law firms every time a stock price drops big. There's never any merit to them, and definitely no merit to the argument that $MAXN did not disclose the $SPWR dispute - because they absolutely did and did it around July 2023. That was the first time their stock price took a hit.

opensandshuts

The plays? SPWR is up +26% with shorts closing like wildfire

Logical-Dust9445

Look up SPWR’s patents. You’ll be surprised

CockroachSad4300

SPWR is essentially an electric company now. They buy solar systems for people and sell them the power at a lower cost than their utility company. MAXN is making the solar panels and controls the patents. Apples to oranges here.

Logical-Dust9445

I like MAXN, but SPWR is MAXN on steroids.

XOnYurSpot

1. According to finviz stock analysis and WSJ there is between 27m and 31m stocks available. 2. If SPWR withheld $30m from MAXN last quarter ALONE they still would have been in the red $50m dollars, they were still no where near profitable. And that’s assuming all of it was from last quarter they’ve been operating at a loss of over $200 million dollars annually for the past 3 years. To act like that 30m would have turned them into a money maker is laughable at best. 3. You’re correct short interest is keeping the price down. The issue however, also comes with the volume. We’ve seen day after day of shorts inundating the market with buy after buy after buy all coming in 1 second after the other with .001 between price points with exactly the same share count. The shorts have been rotating their shorts and buys in the market with us. That’s the only way their cost to borrow still under .60 cents, could possibly be so low. If you are looking long term. Just holding, waiting for the shorts to focus on different stocks, and hoping this ticker supports itself and organically grows as a decent manufacturer with no sales stream that’s bleeding money, then turns it around and becomes at least a self sustaining company, more power to you, but to act like some random Singaporean manufacturer of solar panels that has more debt than it has in assets, is primed for a turnaround is stupid at best, and intentionally deceptive otherwise.

Minato1011

Appreciate your insight. But there are not a “massive amount of shares available.” Also, the company’s revenue was significantly misrepresented when SPWR withheld 30 million worth of payments. To be clear, this wasn’t a disputed amount, otherwise MAXN would not have entered into a favorable agreement in order to recover the amounts owed. Look it up. If you factored that amount into the revenue, then the company was profitable…isn’t that just crazy? When a company gets paid what it’s owed…it’s profitable. The insane volatility is a simple as short interest holders trying to keep the price down. I have this as a long hold. Feel free to disagree with me. Hell if I’m wrong feel free to remind me of it next month, next quarter, next year, I don’t care. MAXN’s products have entered the free market and are no longer bound by the exclusivity it once had with SPWR. Simply put, I like the company. I like its products. I like its ability to sell to whoever it wants to. I like its future. NFA.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

NO - THERE ARE NO WARRANTS at $0.35. I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

thalassamikra

I've decided to post the same comment on every $MAXN post: $MAXN's own website gives the share count as of eod July 5 as 166M shares. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear- when all these transactions are completed $MAXN will have a much better liquidity position and capital structure. That's medium term bullish. But this is not a short term play. Oh and those stupid ambulance chasing lawsuits don't matter one bit. The termination of the $SPWR-$MAXN agreement was communicated clearly and in Q2 and Q3 2023 earnings calls.

AlesantroCorticeli

Basically this is all SPWR's fault They failed delivering supplies that maxn had paid and relied for making sales, breaking alot of contracts, slowing up operations which lead to providing unexpected revenue statements which caused the stock price to drop significantly Stockholders didn't like that and filled lawsuits against maxn for the poor returns So its all a misunderstanding Maxn is a gigantic company and a leader in solar solutions so there no reason for its stock price to sit on 20 cents.. Lawsuits most likely will be dismissed and that'll be the catalyst for the stock price to return where it was before Also Graham capital reporting 9.6% stake on maxn yesterday shows they trust the company and expect a turnover

thalassamikra

Okay I'm bored. So here's your DD. 1. No $MAXN didn't lose their main supplier - LOL. Their main supplier is TCL, the company that's taking a majority stake in them. They terminated their exclusive supply contract for DG panels with $SPWR. Now DG business is in the dumps for everyone, but $MAXN has utility in US and Europe and DG in Europe too. Also they are developing their own US DG channels. 2. They are going through a debt restructure. So basically they are preventing bankruptcy by doing the following mainly: Getting an equity investment from TCL, an existing majority shareholder for $100M (TCL gets shares and also anti-dilution warrants for more shares). Converting existing $200M bonds into equity at an average cost of $0.45 a share. This dilution was announced on May 30 when $MAXN was trading at $3 a share (so no they are not diluting at $0.30 - the audacity to bullshit like that! ) and bonds were convertible starting July 2. Currently the price has tanked because of dilution related shorting and uncertainty which will take a while to resolve and will probably not result in a short squeeze. Hope that's clear (I should save this and post wherever I see uninformed takes on $MAXN - bull or bear).

AlesantroCorticeli

Basically this is all SPWR's fault They failed delivering supplies that maxn had paid and relied for making sales, breaking alot of contracts, slowing up operations which lead to providing unexpected revenue statements which caused the stock price to drop significantly Stockholders didn't like that and filled lawsuits against maxn for the poor returns So its all a misunderstanding Maxn is a gigantic company and a leader in solar solutions so there no reason for its stock price to sit on 20 cents

Logical-Dust9445

I have a small maxn position, but all the desperate posts make it look like it’s gonna be A red day. SPWR will be green again bc is 

Logical-Dust9445

What’d you get here yesterday? Now SPWR is FINALLY the play.

EntryAggravating9576

As I wrote before, I don't have a position in SPWR. If I had to have one, I think the safer bet would be to short it. I use a cash account for rainy day money. So other than buying puts, I can't borrow shares. I enjoy quick trades, so I don't want a margin account. -This idea that they are a “dirty company” is such short rhetoric. Actually, it's just called risk assessment and valuation. -Dirty company example; Shares of solar company SunPower (NASDAQ:SPWR) tanked by more than 23% at the time of writing after the firm’s auditor quit, according to Bloomberg. Ernst & Young resigned as SunPower’s independent auditor on June 27, as it was unwilling to associate itself with financial statements prepared by management due to allegations of misconduct involving senior executives overseeing financial reporting. SunPower is now seeking a new auditor. As far as shorts covering, I believe it's called taking profit. Why continue paying interest after it hit a low? Cover and then re-enter after the bounce. There are plenty of outstanding shares, so no squeeze while covering.

Logical-Dust9445

What, you go short or something? Haha. I actually don’t have a high cost basis and am still down slightly but holding. I am more interested in why the short interest is decreasing so much this week? It’s actually counter to your notion of a “dirty company”( my take on that at the bottom)if everyone thought that the shorts would be piling on like flies to shit. What’s weird is that the exact opposite is happening. They’re exiting and I’m trying to figure out why. This idea that they are a “dirty company” is such short rhetoric. Do you have any experience in the business world? If so, you’d know that these things can happen without the right checks and balances. Is it good? Not in the least. Is it justified to insinuate any purposeful wrongdoing? Absolutely not. For one, SPWR announced an issue with how their revenue was recognized proactively, and they’re working to fix it. I’d be more concerned if this news was random. But you’re right, there’s risk here, but that’s completely unrelated to the topic I’m wanting to discuss, which is why is the short interest declining so rapidly if this company is in trouble?