Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Free Report) has earned a consensus rating of “Reduce” from the ten research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.41.
MAXN has been the topic of a number of research analyst reports. Roth Mkm dropped their price target on Maxeon Solar Technologies from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. UBS Group dropped their target price on shares of Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating on the stock in a report on Tuesday, April 9th. Northland Securities lowered shares of Maxeon Solar Technologies from a “market perform” rating to an “under perform” rating and cut their price target for the company from $7.00 to $0.50 in a research note on Friday, May 31st. The Goldman Sachs Group downgraded shares of Maxeon Solar Technologies from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $11.00 to $1.00 in a research report on Tuesday, June 4th. Finally, Mizuho cut their price objective on shares of Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th.
Read Our Latest Stock Report on MAXN
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Maxeon Solar Technologies Price Performance
Maxeon Solar Technologies stock opened at $0.21 on Friday. The business’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $2.83. The company has a quick ratio of 0.56, a current ratio of 1.36 and a debt-to-equity ratio of 83.32. The stock has a market cap of $11.25 million, a price-to-earnings ratio of -0.03 and a beta of 1.47. Maxeon Solar Technologies has a 12-month low of $0.17 and a 12-month high of $28.45.
Maxeon Solar Technologies (NASDAQ:MAXN – Get Free Report) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($1.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.02) by ($0.57). Maxeon Solar Technologies had a negative return on equity of 390.12% and a negative net margin of 37.92%. The company had revenue of $187.46 million during the quarter, compared to the consensus estimate of $186.20 million. As a group, research analysts anticipate that Maxeon Solar Technologies will post -2.81 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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