Maxeon Solar Technologies (NASDAQ:MAXN) delivers preliminary results that imply that its revenue growth rates are slowing down at a rapid clip. Not only are its revenues expected to shrink by 37% y/y, but more crucially, its net debt position has significantly increased. What's more, the business' underlying cash burn is rapidly increasing. Maxeon Solar Technologies operates in the solar energy industry. They focus on two main areas: utility-scale solar projects and distributed generation (''DG''), which includes residential and commercial solar installations. In utility-scale projects, they manufacture solar cells and panels for large-scale solar farms, primarily in the United States.