Maxeon Solar Technologies (MAXN) Scheduled to Post Quarterly Earnings on Thursday

Maxeon Solar Technologies (NASDAQ:MAXNGet 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:MAXNGet 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.

Large investors have recently bought and sold shares of the business. Deutsche Bank AG raised its holdings in shares of Maxeon Solar Technologies by 99.5% in the 4th quarter. Deutsche Bank AG now owns 3,357 shares of the company’s stock valued at $46,000 after buying an additional 1,674 shares during the period. Quantbot Technologies LP raised its holdings in shares of Maxeon Solar Technologies by 1,609.4% in the 1st quarter. Quantbot Technologies LP now owns 11,402 shares of the company’s stock valued at $165,000 after buying an additional 10,735 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Maxeon Solar Technologies in the 4th quarter valued at $165,000. Envestnet Asset Management Inc. raised its holdings in shares of Maxeon Solar Technologies by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,282 shares of the company’s stock valued at $178,000 after buying an additional 1,468 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Maxeon Solar Technologies during the 4th quarter worth about $179,000. Institutional investors own 40.55% of the company’s stock.

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.

Further Reading

Earnings History for Maxeon Solar Technologies (NASDAQ:MAXN)

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