Street Calls of the Week
GLENVIEW, Illinois - The American College of Chest Physicians (CHEST) headquarters has installed a new solar energy system expected to offset nearly 30% of the facility’s electricity use, according to a press release issued Tuesday. The project utilizes panels from Maxeon Solar Technologies (NASDAQ:MAXN), a solar technology company currently valued at $60 million that InvestingPro analysis suggests is trading below its Fair Value.
The rooftop solar photovoltaic system, installed by Chicago-based Hardt Electric using Maxeon Solar Technologies (NASDAQ:MAXN) panels, is projected to generate approximately 341,000 kWh annually. This renewable energy production will help avoid an estimated 242 metric tons of CO₂ emissions each year. Despite the company’s technological capabilities, InvestingPro data reveals challenging financial metrics, including a significant revenue decline of 78.7% over the last twelve months and a weak financial health score.
The installation features over 560 solar panels mounted on the roof of CHEST’s 48,500 square-foot LEED-certified facility in Glenview, Illinois.
"The solar installation at CHEST headquarters reflects our continued commitment to social responsibility and to advancing lung health," said Robert Musacchio, CEO of the American College of Chest Physicians, in the statement.
The system is designed to perform in various weather conditions, capturing energy during cloudy days and in low-light conditions. Maxeon’s solar panels come with a 40-year warranty.
Peter Hardt, President of Hardt Electric, which served as the project’s engineering, procurement, and construction contractor, noted that the installation offers a return on investment that will allow CHEST to direct more funding toward its core mission of advancing pulmonary health.
The solar installation aligns with CHEST’s focus on respiratory health by reducing pollutants that contribute to asthma and other respiratory conditions. For investors interested in deeper analysis of Maxeon and other clean energy stocks, InvestingPro offers comprehensive research reports with detailed financial metrics and expert insights across 1,400+ US equities.
In other recent news, Maxeon Solar Technologies has announced several key developments. The company will terminate its relationship with Ernst & Young LLP as its independent registered public accounting firm by August 29, 2025. This decision, made by the Audit Committee of Maxeon’s Board of Directors, comes without any disagreements on accounting principles or procedures. Additionally, Maxeon Solar Technologies has scheduled its Annual General Meeting of Shareholders for August 29, 2025, at 9:00 p.m. Singapore Standard Time. Shareholders have been provided with details regarding the agenda and voting instructions for the meeting. In another significant update, Kevin Wang has been appointed as the new chairman of the board, succeeding Donald Colvin. Wang will continue his roles in various committees, while Colvin remains on the board and as chair of the audit committee. These recent developments reflect Maxeon’s ongoing strategic and leadership adjustments.
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