Maxeon Solar Technologies (MAXN) to Release Earnings on Wednesday

Maxeon Solar Technologies (NASDAQ:MAXN) will be releasing its earnings data after the market closes on Wednesday, May 15th. Analysts expect Maxeon Solar Technologies to post earnings of ($1.01) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Maxeon Solar Technologies Trading Up 2.2 %

MAXN stock opened at $2.28 on Wednesday. The company has a market cap of $122.89 million, a P/E ratio of -0.63 and a beta of 1.62. Maxeon Solar Technologies has a twelve month low of $1.71 and a twelve month high of $38.91. The company has a quick ratio of 0.88, a current ratio of 1.62 and a debt-to-equity ratio of 2.19. The business has a fifty day moving average of $2.86 and a 200-day moving average of $4.54.

Wall Street Analysts Forecast Growth

MAXN has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “neutral” rating and issued a $3.00 price objective on shares of Maxeon Solar Technologies in a report on Tuesday, April 9th. UBS Group dropped their price objective on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating for the company in a report on Tuesday, April 9th. Raymond James downgraded Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 9th. Finally, Mizuho dropped their price objective on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.59.

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.