Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, May 26th. Analysts expect the company to announce earnings of ($1.43) per share for the quarter. Maxeon Solar Technologies has set its Q1 2022 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) last announced its quarterly earnings results on Thursday, March 24th. The company reported ($1.81) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.51). The company had revenue of $221.48 million for the quarter, compared to analysts’ expectations of $222.96 million. Maxeon Solar Technologies had a negative net margin of 32.49% and a negative return on equity of 60.80%. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, analysts expect Maxeon Solar Technologies to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of MAXN stock opened at $11.05 on Thursday. The stock has a 50 day moving average of $12.62 and a 200 day moving average of $13.88. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The stock has a market cap of $377.15 million, a P/E ratio of -1.68 and a beta of 2.06. Maxeon Solar Technologies has a twelve month low of $7.48 and a twelve month high of $25.39.
Separately, Zacks Investment Research cut Maxeon Solar Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.33.
Maxeon Solar Technologies Company Profile (Get Rating)
Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers.
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