Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $35.00.
MAXN has been the topic of several research reports. Roth Mkm raised shares of Maxeon Solar Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $40.00 in a research report on Wednesday, June 14th. Raymond James reduced their price target on shares of Maxeon Solar Technologies from $34.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. Roth Capital raised shares of Maxeon Solar Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, June 14th. Bank of America dropped their price objective on shares of Maxeon Solar Technologies from $37.00 to $33.00 in a research report on Friday, May 12th. Finally, 51job restated an “upgrade” rating on shares of Maxeon Solar Technologies in a report on Wednesday, June 14th.
Institutional Trading of Maxeon Solar Technologies
Maxeon Solar Technologies Trading Up 6.3 %
NASDAQ MAXN opened at $15.06 on Wednesday. The firm’s 50-day moving average is $22.75 and its two-hundred day moving average is $24.91. Maxeon Solar Technologies has a 12 month low of $13.25 and a 12 month high of $38.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.77 and a quick ratio of 1.12. The stock has a market capitalization of $683.87 million, a P/E ratio of -6.02 and a beta of 1.41.
Maxeon Solar Technologies (NASDAQ:MAXN – Get Free Report) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.15. The business had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $376.48 million. Maxeon Solar Technologies had a negative net margin of 8.03% and a negative return on equity of 77.32%. On average, sell-side analysts anticipate that Maxeon Solar Technologies will post -0.03 earnings per share for the current year.
About Maxeon Solar Technologies
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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