BUZZ-Maxeon appoints new CEO; shares tumble

Reuters10-16

** Shares of solar module maker Maxeon Solar Technologies

fall 8.3% to $5.67

** Renewable energy co's current CEO Bill Mulligan to retire at end of January 2025

** George Guo, former CEO of TCL Communication Technology, will replace Mulligan as CEO and joins board effective Oct 11

** Mulligan to aid leadership transition through January

** Last month, co withdrew its annual revenue and adjusted core profit forecasts

** All 4 brokerages covering the stock rate it "hold", their median PT is $56.13 - LSEG data

** Including session's move, stock down ~99.21% YTD

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2475840912?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-16 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2475840912","market":"sg","top_or_hot":-1,"title":"BUZZ-Maxeon appoints new CEO; shares tumble","media":"Reuters","content":"<html><body><p>** Shares of solar module maker Maxeon Solar Technologies</p><p>  fall 8.3% to $5.67 </p><p>   ** Renewable energy co's current CEO Bill Mulligan to retire at end of January 2025</p><p>   ** George Guo, former CEO of TCL Communication Technology, will replace Mulligan as CEO and joins board effective Oct 11</p><p>   ** Mulligan to aid leadership transition through January</p><p>   ** Last month, co withdrew its annual revenue and adjusted core profit forecasts</p><p>   ** All 4 brokerages covering the stock rate it \"hold\", their median PT is $56.13 - LSEG data</p><p>   ** Including session's move, stock down ~99.21% YTD </p><p>(Reporting by Ankita Bora in Bengaluru)</p><p>((Ankita.Bora@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Maxeon appoints new CEO; shares tumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Maxeon appoints new CEO; shares tumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-16 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Shares of solar module maker Maxeon Solar Technologies  fall 8.3% to $5.67    ** Renewable energy co's current CEO Bill Mulligan to retire at end of January 2025   ** George Guo, former CEO of TCL ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2475840912","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475840912","pubTimestamp":1729091744,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of solar module maker Maxeon Solar Technologies  fall 8.3% to $5.67    ** Renewable energy co's current CEO Bill Mulligan to retire at end of January 2025   ** George Guo, former CEO of TCL Communication Technology, will replace Mulligan as CEO and joins board effective Oct 11   ** Mulligan to aid leadership transition through January   ** Last month, co withdrew its annual revenue and adjusted core profit forecasts   ** All 4 brokerages covering the stock rate it \"hold\", their median PT is $56.13 - LSEG data   ** Including session's move, stock down ~99.21% YTD ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","BK6000":"餐馆","BK6505":"周期性消费品与消费者服务","1D3.SI":"LIFEBRANDZ LTD.","MAXN":"Maxeon Solar Technologies Ltd","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"BUZZ-Maxeon任命新首席执行官；股价暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"1D3.SI":0.9,"MAXN":0.9},"content_text":"** Shares of solar module maker Maxeon Solar Technologies  fall 8.3% to $5.67    ** Renewable energy co's current CEO Bill Mulligan to retire at end of January 2025   ** George Guo, former CEO of TCL Communication Technology, will replace Mulligan as CEO and joins board effective Oct 11   ** Mulligan to aid leadership transition through January   ** Last month, co withdrew its annual revenue and adjusted core profit forecasts   ** All 4 brokerages covering the stock rate it \"hold\", their median PT is $56.13 - LSEG data   ** Including session's move, stock down ~99.21% YTD (Reporting by Ankita Bora in Bengaluru)((Ankita.Bora@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2475840912"}