Positive News SentimentPositive NewsNASDAQ:MAXN Maxeon Solar Technologies (MAXN) Stock Forecast, Price & News $28.56 -0.47 (-1.62%) (As of 06/2/2023 06:55 PM ET) Add Compare Share Share Today's Range$27.91▼$30.0050-Day Range$24.92▼$36.5252-Week Range$10.01▼$38.91Volume762,500 shsAverage Volume1.03 million shsMarket Capitalization$1.30 billionP/E RatioN/ADividend YieldN/APrice Target$31.83 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Maxeon Solar Technologies MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside11.5% Upside$31.83 Price TargetShort InterestBearish21.78% of Float Sold ShortDividend StrengthN/ASustainability-1.24Upright™ Environmental ScoreNews Sentiment1.64Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.73) to ($0.04) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.10 out of 5 starsOils/Energy Sector154th out of 248 stocksSemiconductors & Related Devices Industry41st out of 89 stocks 3.3 Analyst's Opinion Consensus RatingMaxeon Solar Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $31.83, Maxeon Solar Technologies has a forecasted upside of 11.5% from its current price of $28.56.Amount of Analyst CoverageMaxeon Solar Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted21.78% of the float of Maxeon Solar Technologies has been sold short.Short Interest Ratio / Days to CoverMaxeon Solar Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Maxeon Solar Technologies has recently increased by 3.59%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldMaxeon Solar Technologies does not currently pay a dividend.Dividend GrowthMaxeon Solar Technologies does not have a long track record of dividend growth. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMaxeon 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 SustainabilityThe Environmental Impact score for Maxeon Solar Technologies is -1.24. Previous Next 3.7 News and Social Media Coverage News SentimentMaxeon Solar Technologies has a news sentiment score of 1.64. 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 higher news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Maxeon Solar Technologies this week, compared to 2 articles on an average week.Search Interest16 people have searched for MAXN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows7 people have added Maxeon Solar Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Maxeon Solar Technologies insiders have not sold or bought any company stock.Percentage Held by Institutions56.08% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Maxeon Solar Technologies are expected to grow in the coming year, from ($0.73) to ($0.04) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Maxeon Solar Technologies is -6.18, 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. SectorThe P/E ratio of Maxeon Solar Technologies is -6.18, 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 RatioMaxeon Solar Technologies has a P/B Ratio of 26.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Maxeon Solar Technologies (NASDAQ:MAXN) StockMaxeon 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. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.Read More Receive MAXN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Maxeon Solar Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address MAXN Stock News HeadlinesJune 1, 2023 | finance.yahoo.comMaxeon Solar Technologies Extends Solar Panel Technology Leadership PositionMay 27, 2023 | americanbankingnews.comMaxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Receives Consensus Rating of "Moderate Buy" from BrokeragesJune 5, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 26, 2023 | msn.comCan Maxeon Solar Technologies, Ltd. (MAXN) Climb 26.27% to Reach the Level Wall Street Analysts Expect?May 25, 2023 | americanbankingnews.comMaxeon Solar Technologies (NASDAQ:MAXN) Trading Down 5.3%May 24, 2023 | fool.comMaxeon Solar Technologies (NASDAQ: MAXN)May 24, 2023 | markets.businessinsider.comMaxeon Solar Technologies (MAXN) Receives a Buy from Bank of America SecuritiesMay 22, 2023 | finance.yahoo.comAnalysts Expect Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) To Breakeven SoonJune 5, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 20, 2023 | americanbankingnews.comMaxeon Solar Technologies (NASDAQ:MAXN) Price Target Raised to $40.00May 19, 2023 | msn.comUnusual Put Option Trade in Maxeon Solar Technologies (MAXN) Worth $153.65KMay 19, 2023 | seekingalpha.comMaxeon Solar: Improving Top And Bottom Line GrowthMay 17, 2023 | msn.comNorthland Capital Markets Maintains Maxeon Solar Technologies (MAXN) Outperform RecommendationMay 17, 2023 | finance.yahoo.comMaxeon Solar Technologies Announces Pricing and Upsize of Public Offering of Ordinary SharesMay 16, 2023 | msn.comMaxeon Solar Technologies to launch 6.8M-share public offeringsMay 13, 2023 | msn.comGoldman Sachs Maintains Maxeon Solar Technologies (MAXN) Buy RecommendationMay 13, 2023 | americanbankingnews.comMaxeon Solar Technologies (NASDAQ:MAXN) PT Lowered to $33.00May 13, 2023 | americanbankingnews.comMaxeon Solar Technologies (NASDAQ:MAXN) Price Target Increased to $34.00 by Analysts at Raymond JamesMay 13, 2023 | americanbankingnews.comMaxeon Solar Technologies (NASDAQ:MAXN) Sets New 1-Year High on Analyst UpgradeMay 12, 2023 | msn.comB of A Securities Maintains Maxeon Solar Technologies (MAXN) Buy RecommendationMay 12, 2023 | markets.businessinsider.comBank of America Securities Reaffirms Their Buy Rating on Maxeon Solar Technologies (MAXN)May 11, 2023 | markets.businessinsider.com8 Analysts Have This to Say About Maxeon Solar TechnologiesMay 11, 2023 | finanznachrichten.deMaxeon Solar Technologies, Ltd.: Maxeon Solar Technologies Announces First Quarter 2023 Financial ResultsMay 11, 2023 | markets.businessinsider.comMaxeon Solar Technologies (MAXN) Receives a Buy from Goldman SachsMay 10, 2023 | finance.yahoo.comMaxeon Solar Technologies, Ltd. (MAXN) Q1 Earnings Top EstimatesMay 10, 2023 | finance.yahoo.comMaxeon Solar Technologies Announces First Quarter 2023 Financial ResultsMay 8, 2023 | americanbankingnews.comMaxeon Solar Technologies (MAXN) Set to Announce Earnings on WednesdaySee More Headlines MAXN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MAXN Company Calendar Last Earnings3/07/2023Today6/04/2023Next Earnings (Estimated)8/17/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:MAXN CUSIPN/A CIK1796898 Webwww.maxeon.com Phone408-240-5500FaxN/AEmployees5,344Year FoundedN/APrice Target and Rating Average Stock Price Forecast$31.83 High Stock Price Forecast$40.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside+11.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($4.62) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-267,420,000.00 Net Margins-16.27% Pretax Margin-12.41% Return on Equity-178.57% Return on Assets-15.46% Debt Debt-to-Equity Ratio5.15 Current Ratio1.30 Quick Ratio0.77 Sales & Book Value Annual Sales$1.16 billion Price / Sales1.12 Cash FlowN/A Price / Cash FlowN/A Book Value$1.63 per share Price / Book17.52Miscellaneous Outstanding Shares45,410,000Free Float44,988,000Market Cap$1.30 billion OptionableNot Optionable Beta1.52 Key ExecutivesMr. Mark Babcock (Age 51)Chief Revenue Officer & Interim CEO Mr. Kai Strohbecke (Age 51)Chief Financial Officer Mr. Philippe CostemaleChief Operating OfficerMr. Robert LaheyHead of Investor RelationsMs. Lindsey Roon Wiedmann (Age 44)Chief Legal Officer Ms. Tiffany See (Age 46)Chief HR Officer Mr. Peter C. Aschenbrenner (Age 66)Chief Strategy Officer Chenggang CaoHead of China Bus. & Gen. CounselMr. Ralf Elias (Age 51)Exec. VP & Global Head of Distributed Generation (DG) Products More ExecutivesKey CompetitorsSunPowerNASDAQ:SPWRJinkoSolarNYSE:JKSCanadian SolarNASDAQ:CSIQShoals Technologies GroupNASDAQ:SHLSPar PacificNYSE:PARRView All CompetitorsInstitutional OwnershipProShare Advisors LLCBought 11,971 shares on 5/26/2023Ownership: 0.026%State Street CorpBought 23,642 shares on 5/16/2023Ownership: 2.021%First Trust Advisors LPSold 11,652 shares on 5/16/2023Ownership: 0.602%Geode Capital Management LLCBought 3,928 shares on 5/16/2023Ownership: 0.205%Strategic Investment Solutions Inc. ILBought 1,000 shares on 5/16/2023Ownership: 0.002%View All Institutional Transactions MAXN Stock - Frequently Asked Questions Should I buy or sell Maxeon Solar Technologies stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Maxeon Solar Technologies in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MAXN shares. View MAXN analyst ratings or view top-rated stocks. What is Maxeon Solar Technologies' stock price forecast for 2023? 6 equities research analysts have issued 1 year price targets for Maxeon Solar Technologies' stock. Their MAXN share price forecasts range from $21.00 to $40.00. On average, they expect the company's stock price to reach $31.83 in the next twelve months. This suggests a possible upside of 11.5% 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 2023? Maxeon Solar Technologies' stock was trading at $16.06 at the beginning of 2023. Since then, MAXN shares have increased by 77.8% and is now trading at $28.56. View the best growth stocks for 2023 here. When is Maxeon Solar Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023. View our MAXN earnings forecast. How were Maxeon Solar Technologies' earnings last quarter? Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) issued its earnings results on Tuesday, March, 7th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.25) by $0.59. The business earned $323.50 million during the quarter, compared to analysts' expectations of $314.88 million. Maxeon Solar Technologies had a negative net margin of 16.27% and a negative trailing twelve-month return on equity of 178.57%. 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 Kensho Clean Power ETF (CNRG), Invesco WilderHill Clean Energy ETF (PBW), Fidelity Clean Energy ETF (FRNW), AXS Green Alpha ETF (NXTE), Global X Clean Tech ETF (CTEC), Invesco Solar ETF (TAN) and Strategy Shares Halt Climate Change ETF (NZRO). What guidance has Maxeon Solar Technologies issued on next quarter's earnings? Maxeon Solar Technologies updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $360.00 million-$400.00 million, compared to the consensus revenue estimate of $356.38 million. 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), Translate Bio (TBIO), Allena Pharmaceuticals (ALNA), BioTelemetry (BEAT), Blink Charging (BLNK) and CureVac (CVAC). What is Maxeon Solar Technologies' stock symbol? Maxeon Solar Technologies trades on the NASDAQ under the ticker symbol "MAXN." Who are Maxeon Solar Technologies' major shareholders? Maxeon Solar Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.13%), State Street Corp (2.02%), Two Sigma Investments LP (1.28%), Susquehanna International Group LLP (0.00%), Two Sigma Advisers LP (0.67%) and First Trust Advisors LP (0.60%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Maxeon Solar Technologies' stock price today? One share of MAXN stock can currently be purchased for approximately $28.56. How much money does Maxeon Solar Technologies make? Maxeon Solar Technologies (NASDAQ:MAXN) has a market capitalization of $1.30 billion and generates $1.16 billion in revenue each year. The company earns $-267,420,000.00 in net income (profit) each year or ($4.62) on an earnings per share basis. How many employees does Maxeon Solar Technologies have? The company employs 5,344 workers across the globe. How can I contact Maxeon Solar Technologies? Maxeon Solar Technologies' mailing address is 8 MARINA BOULEVARD NO 05-02 MARINA BAY FINANCIAL CENTRE, MARINA BAY U0, 018981. The official website for the company is www.maxeon.com. The company can be reached via phone at 408-240-5500. This page (NASDAQ:MAXN) was last updated on 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Maxeon Solar Technologies, Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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