Should I buy or sell Maxeon Solar Technologies stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Maxeon Solar Technologies in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAXN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAXN, but not buy additional shares or sell existing shares. View MAXN analyst ratings or view top-rated stocks .

What is Maxeon Solar Technologies' stock price target for 2024?

9 equities research analysts have issued 12 month price objectives for Maxeon Solar Technologies' stock. Their MAXN share price targets range from $2.75 to $12.00. On average, they expect the company's share price to reach $6.59 in the next twelve months. This suggests a possible upside of 262.3% from the stock's current price. View analysts price targets for MAXN or view top-rated stocks among Wall Street analysts .

How have MAXN shares performed in 2024?

Maxeon Solar Technologies' stock was trading at $7.17 on January 1st, 2024. Since then, MAXN stock has decreased by 74.6% and is now trading at $1.82. View the best growth stocks for 2024 here .

When is Maxeon Solar Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MAXN earnings forecast .

How were Maxeon Solar Technologies' earnings last quarter?

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) announced its earnings results on Wednesday, November, 15th. The company reported ($2.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.86) by $1.35. The business earned $227.60 million during the quarter, compared to the consensus estimate of $226.85 million. Maxeon Solar Technologies had a negative trailing twelve-month return on equity of 115.75% and a negative net margin of 13.56%. The business's revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period last year, the company posted ($1.09) EPS.

What ETFs hold Maxeon Solar Technologies' stock?

ETFs with the largest weight of Maxeon Solar Technologies (NASDAQ:MAXN) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX) , SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW) . Invesco Solar ETF (TAN) .

What guidance has Maxeon Solar Technologies issued on next quarter's earnings?

Maxeon Solar Technologies issued an update on its FY 2023 earnings guidance on Monday, April, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

What other stocks do shareholders of Maxeon Solar Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Maxeon Solar Technologies investors own include SPI Energy (SPI) , SunPower (SPWR) , DexCom (DXCM) , Rigel Pharmaceuticals (RIGL) , Telesis Bio (TBIO) , Allena Pharmaceuticals (ALNA) , BioTelemetry (BEAT) , Blink Charging (BLNK) and CureVac (CVAC) .

Who are Maxeon Solar Technologies' major shareholders?

Maxeon Solar Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Green Alpha Advisors LLC (0.09%).

How do I buy shares of Maxeon Solar Technologies?

Shares of MAXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

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NASDAQ:MAXN

Maxeon Solar Technologies (MAXN) Stock Price, News & Analysis

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$1.82

-0.09 (-4.71%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.74
▼
$1.96
50-Day Range: $1.82
▼
$5.83
52-Week Range: $1.74
▼
$38.91

Volume: 3.87 million shs
Average Volume: 2.15 million shs
Market Capitalization: $98.10 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.59

Get Maxeon Solar Technologies alerts:

Maxeon Solar Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 262.3% Upside
$6.59 Price Target
Short Interest: Bearish
39.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.24
Upright™ Environmental Score
News Sentiment: -0.13
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($3.93) to ($2.92) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.67 out of 5 stars

Oils/Energy Sector

135th out of 227 stocks

Semiconductors & Related Devices Industry

52nd out of 87 stocks

3.0

Analyst's Opinion

Consensus Rating
Maxeon Solar Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 7 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Maxeon Solar Technologies has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
39.87% of the float of Maxeon Solar Technologies has been sold short.
Short Interest Ratio / Days to Cover
Maxeon Solar Technologies has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Maxeon Solar Technologies has recently increased by 12.59%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Maxeon Solar Technologies does not currently pay a dividend.
Dividend Growth
Maxeon Solar Technologies does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Maxeon Solar Technologies has received a 34.96% net impact score from Upright. Maxeon Solar Technologies seems to create the most significant positive value in categories "Jobs", "Societal infrastructure", and "Taxes". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Solar panels" product. See details.
Environmental Sustainability
The Environmental Impact score for Maxeon Solar Technologies is -1.24.

1.6

News and Social Media Coverage

News Sentiment
Maxeon Solar Technologies has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Maxeon Solar Technologies this week, compared to 3 articles on an average week.
Search Interest
47 people have searched for MAXN on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Maxeon Solar Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Maxeon Solar Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.93% of the stock of Maxeon Solar Technologies is held by insiders.
Percentage Held by Institutions
47.67% of the stock of Maxeon Solar Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Maxeon Solar Technologies are expected to grow in the coming year, from ($3.93) to ($2.92) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Maxeon Solar Technologies is -0.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Maxeon Solar Technologies is -0.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Maxeon Solar Technologies has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Maxeon Solar Technologies Stock (NASDAQ:MAXN)

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. The company was incorporated in 2019 and is headquartered in Singapore.

MAXN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MAXN Stock News Headlines

April 19, 2024 | finanznachrichten.de

Maxeon Solar Technologies, Ltd.: Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against REC Solar Holdings AS

April 19, 2024 | finance.yahoo.com

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit Against REC Solar Holdings AS

April 20, 2024 | Paradigm Press (Ad)

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April 17, 2024 | finance.yahoo.com

Australian Crisis Support Center Conserves Critical Resources with Help from Maxeon

April 17, 2024 | prnewswire.com

Australian Crisis Support Center Conserves Critical Resources with Help from Maxeon

April 13, 2024 | americanbankingnews.com

Maxeon Solar Technologies (NASDAQ:MAXN) PT Lowered to $4.00

April 11, 2024 | markets.businessinsider.com

Assessing Maxeon Solar Technologies: Insights From 7 Financial Analysts

April 11, 2024 | finanznachrichten.de

Maxeon Solar Technologies, Ltd.: Maxeon Introduces New SunPower Performance 7 Solar Panels with Cradle to Cradle Certification

April 20, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

April 11, 2024 | prnewswire.com

Maxeon Introduces New SunPower Performance 7 Solar Panels with Cradle to Cradle Certification

April 11, 2024 | americanbankingnews.com

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Receives Consensus Recommendation of "Hold" from Analysts

April 10, 2024 | msn.com

Maxeon Solar slumps on weak revenues; analyst says dilution looking more likely

April 10, 2024 | americanbankingnews.com

Maxeon Solar Technologies (NASDAQ:MAXN) Receives Neutral Rating from Roth Mkm

April 10, 2024 | americanbankingnews.com

Maxeon Solar Technologies (NASDAQ:MAXN) Price Target Lowered to $2.75 at UBS Group

April 10, 2024 | americanbankingnews.com

Maxeon Solar Technologies (NASDAQ:MAXN) Downgraded to "Market Perform" at Raymond James

April 10, 2024 | americanbankingnews.com

Traders Buy High Volume of Maxeon Solar Technologies Put Options (NASDAQ:MAXN)

April 9, 2024 | msn.com

Maxeon Solar (NASDAQ:MAXN) Plunges After Bleak Preliminary Q4 Results

April 9, 2024 | finanznachrichten.de

Maxeon Solar Technologies, Ltd.: Maxeon Solar Technologies Announces Preliminary Fourth Quarter and Fiscal Year 2023 Results

April 9, 2024 | seekingalpha.com

Maxeon Solar Technologies Preliminary Q4 Earnings: Don't Buy This Dip

April 8, 2024 | msn.com

Maxeon Solar Technologies Q1 revenue guidance falls short of analyst estimates

April 8, 2024 | msn.com

Maxeon Solar sinks after guiding Q4 and Q1 revenues below consensus

April 8, 2024 | prnewswire.com

Maxeon Solar Technologies Announces Preliminary Fourth Quarter and Fiscal Year 2023 Results

April 4, 2024 | theglobeandmail.com

Hawkish Fed Comments Knock Stocks Lower

April 1, 2024 | finance.yahoo.com

Maxeon Appoints Vikas Desai as Chief Commercial Officer

March 27, 2024 | markets.businessinsider.com

The Analyst Landscape: 4 Takes On Maxeon Solar Technologies

March 26, 2024 | finanznachrichten.de

Maxeon Solar Technologies, Ltd.: Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit

March 25, 2024 | prnewswire.com

Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit

See More Headlines

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Company Calendar

Last Earnings: 11/15/2023
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:MAXN
CUSIP: N/A
CIK: 1796898
Web: www.maxeon.com
Phone: 408-240-5500
Fax: N/A
Employees: 5,344
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.59
High Stock Price Target: $12.00
Low Stock Price Target: $2.75
Potential Upside/Downside: +262.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-267,420,000.00
Net Margins: -13.56%
Pretax Margin: -10.40%
Return on Equity: -115.75%
Return on Assets: -12.51%

Debt

Debt-to-Equity Ratio: 2.19
Current Ratio: 1.62
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $1.06 billion
Price / Sales: 0.09
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.07 per share
Price / Book: 1.70

Miscellaneous

Outstanding Shares: 53,900,000
Free Float: 53,399,000
Market Cap: $98.10 million
Optionable: Optionable
Beta: 1.46

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Key Executives

Dr. William P. Mulligan III (Age 63)
CEO & Director
Mr. Kai Strohbecke (Age 53)
Chief Financial Officer
Mr. Matt Dawson
Chief Technology Officer
Mr. Robert Lahey
Head of Investor Relations
Ms. Lindsey Roon Wiedmann (Age 46)
Chief Legal & Sustainability Officer
Ms. Tiffany See (Age 48)
Chief Human Resources Officer
Mr. Peter C. Aschenbrenner (Age 68)
Chief Strategy Officer
Chenggang Cao
Head of China Business & General Counsel
Mr. Ralf Elias (Age 53)
Executive VP & Global Head of Distributed Generation (DG) Products
Mr. Philippe Costemale (Age 57)
Executive Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MAXN Stock Analysis - Frequently Asked Questions

Should I buy or sell Maxeon Solar Technologies stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Maxeon Solar Technologies in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAXN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAXN, but not buy additional shares or sell existing shares.
View MAXN analyst ratings or view top-rated stocks.
What is Maxeon Solar Technologies' stock price target for 2024?: 9 equities research analysts have issued 12 month price objectives for Maxeon Solar Technologies' stock. Their MAXN share price targets range from $2.75 to $12.00. On average, they expect the company's share price to reach $6.59 in the next twelve months. This suggests a possible upside of 262.3% from the stock's current price.
View analysts price targets for MAXN or view top-rated stocks among Wall Street analysts.
How have MAXN shares performed in 2024?: Maxeon Solar Technologies' stock was trading at $7.17 on January 1st, 2024. Since then, MAXN stock has decreased by 74.6% and is now trading at $1.82.
View the best growth stocks for 2024 here.
When is Maxeon Solar Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MAXN earnings forecast.
How were Maxeon Solar Technologies' earnings last quarter?: Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) announced its earnings results on Wednesday, November, 15th. The company reported ($2.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.86) by $1.35. The business earned $227.60 million during the quarter, compared to the consensus estimate of $226.85 million. Maxeon Solar Technologies had a negative trailing twelve-month return on equity of 115.75% and a negative net margin of 13.56%. The business's revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period last year, the company posted ($1.09) EPS.
What ETFs hold Maxeon Solar Technologies' stock?: ETFs with the largest weight of Maxeon Solar Technologies (NASDAQ:MAXN) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW).Invesco Solar ETF (TAN).

What guidance has Maxeon Solar Technologies issued on next quarter's earnings?: Maxeon Solar Technologies issued an update on its FY 2023 earnings guidance on Monday, April, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.
What other stocks do shareholders of Maxeon Solar Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Maxeon Solar Technologies investors own include SPI Energy (SPI), SunPower (SPWR), DexCom (DXCM), Rigel Pharmaceuticals (RIGL), Telesis Bio (TBIO), Allena Pharmaceuticals (ALNA), BioTelemetry (BEAT), Blink Charging (BLNK) and CureVac (CVAC).
Who are Maxeon Solar Technologies' major shareholders?: Maxeon Solar Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Green Alpha Advisors LLC (0.09%).
How do I buy shares of Maxeon Solar Technologies?: Shares of MAXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MAXN) was last updated on 4/20/2024 by MarketBeat.com Staff

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Maxeon Solar Technologies (MAXN) Stock Price, News & Analysis

Maxeon Solar Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Maxeon Solar Technologies Stock (NASDAQ:MAXN)

MAXN Stock Price History

MAXN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

MAXN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™