Maxeon Solar Technologies (MAXN) Expected to Announce Earnings on Tuesday

Maxeon Solar Technologies (NASDAQ:MAXN) will likely be releasing its resultson Tuesday, April 7th. Analysts expect Maxeon Solar Technologies to post earnings of ($1.00) per share and revenue of $304.1490 million for the quarter.

Maxeon Solar Technologies Price Performance

Shares of NASDAQ MAXN opened at $1.39 on Tuesday. The stock has a market capitalization of $23.23 million, a price-to-earnings ratio of -0.01 and a beta of 1.13. Maxeon Solar Technologies has a 12 month low of $1.36 and a 12 month high of $4.97. The firm’s 50 day simple moving average is $2.51 and its 200-day simple moving average is $3.04.

Institutional Trading of Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new position in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies at the end of the most recent reporting period. 47.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAXN. Wall Street Zen raised shares of Maxeon Solar Technologies to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Maxeon Solar Technologies Company Profile

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.