Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) ended Friday session in red amid volatile trading. The shares closed down -1.39 points or -3.51% at $38.26 with 283.51 million shares getting traded. Post opening the session at $39.24 the shares hit an intraday low of $37.83 and an intraday high of $39.60 and the price vacillated in this range throughout the day. The company has a market cap of $10.47 billion and the numbers of outstanding shares have been calculated to be 283.51 million shares.
On Sept. 7, 2016 New cell-string optimizer technology from Maxim Integrated Products, Inc. (MXIM) allows photovoltaic (PV) panels to harvest significantly more energy and simplifies design complexity for solar installation projects.
Maxim’s cell-string optimizers are highly integrated DC-DC converters that replace the bypass diode and perform maximum power point tracking (MPPT) deep inside the PV module. By replacing each diode with a MPPT device, the on-off response to performance mismatch is eliminated; every cell-string contributes maximum power without interfering with the power production capability of others. This enhanced degree of flexibility leads to increased energy production; eliminating collateral performance loss due to module mismatch, degradation, soiling, localized shading, and row shading loss mechanisms.
Based on the company’s industry leading power semiconductor technology, Maxim’s cell-string optimizer is the first integrated power IC to perform MPPT and first to be embedded within the PV module.
- Increases Energy Harvest: Offers best-in-class shade mitigation, providing 30% additional power over diodes
- Extends Reliability: Eliminates hotspots and minimizes the impact of power degradation mechanisms
- Enables Flexible Design: Higher degree of flexibility to incorporate multiple string lengths, multiple orientations, and expanding modules into partially shaded areas
- Simplifies Operation: Fully integrated solution simplifies design by requiring no additional hardware, specialized inverters, or data services
- “The granularity of Maxim’s cell-string optimizers offers best-in-class shade mitigation, enables flexible system design without adding complexity, and helps improve panel lifetime performance,” said Seth Kahn, Executive Director, Solar Products, Maxim Integrated. “Major PV module companies have recognized the advantages of this unique technology—the first integrated power semiconductor for MPPT—and are ramping it in volume production.”
Shares of Acacia Communications, Inc. (NASDAQ:ACIA) ended Friday session in red amid volatile trading. The shares closed down -11.48 points or -9.74% at $106.41 with 35.81 million shares getting traded. Post opening the session at $117.89the shares hit an intraday low of $103.20 and an intraday high of $121.93 and the price vacillated in this range throughout the day. The company has a market cap of $3.44 billion and the numbers of outstanding shares have been calculated to be 35.81 million shares.
Acacia Communications, Inc. (ACIA) announced that Raj Shanmugaraj, President and Chief Executive Officer, and John Gavin, Chief Financial Officer, will present at the Deutsche Bank Technology Conference on Wednesday, September 14 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) at the Encore at Wynn in Las Vegas.
The presentation will be available live via audio webcast, as well as archived replay, at the Acacia Communications’ Investor Relations website at http://ir.acacia-inc.com.