NASDAQ:MAXN

Maxeon Solar Technologies (MAXN) Stock Forecast, Price & News

$12.22

+0.10 (+0.83%)

(As of 09/27/2023 ET)

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Today's Range: $12.08
▼
$12.72
50-Day Range: $12.08
▼
$28.42
52-Week Range: $11.76
▼
$38.91

Volume: 949,619 shs
Average Volume: 1.12 million shs
Market Capitalization: $641.92 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $30.83

Maxeon Solar Technologies MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 152.3% Upside
$30.83 Price Target
Short Interest: Healthy
15.27% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.24
Upright™ Environmental Score
News Sentiment: 0.82
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.03) to ($0.02) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Oils/Energy Sector

104th out of 246 stocks

Semiconductors & Related Devices Industry

43rd out of 88 stocks

3.4

Analyst's Opinion

Consensus Rating
Maxeon Solar Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.83, Maxeon Solar Technologies has a forecasted upside of 152.3% from its current price of $12.22.
Amount of Analyst Coverage
Maxeon Solar Technologies has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
15.27% of the float of Maxeon Solar Technologies has been sold short.
Short Interest Ratio / Days to Cover
Maxeon 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 month
Short interest in Maxeon Solar Technologies has recently decreased by 8.85%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Maxeon Solar Technologies does not currently pay a dividend.
Dividend Growth
Maxeon Solar Technologies does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Maxeon 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 Sustainability
The Environmental Impact score for Maxeon Solar Technologies is -1.24.

2.7

News and Social Media Coverage

News Sentiment
Maxeon Solar Technologies has a news sentiment score of 0.82. 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 0.72 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Maxeon Solar Technologies this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for MAXN on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Maxeon Solar Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Maxeon Solar Technologies insiders have not sold or bought any company stock.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Maxeon Solar Technologies are expected to grow in the coming year, from ($0.03) to ($0.02) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Maxeon Solar Technologies is -4.89, 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. Sector
The P/E ratio of Maxeon Solar Technologies is -4.89, 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 Ratio
Maxeon Solar Technologies has a P/B Ratio of 11.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Maxeon Solar Technologies (NASDAQ:MAXN) Stock

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. The company was incorporated in 2019 and is headquartered in Singapore.

MAXN Price History

30 days | 90 days | 365 days | Advanced Chart

MAXN Stock News Headlines

September 26, 2023 | msn.com

Maxeon Solar Technologies, Ltd. (MAXN) Stock Moves -0.25%: What You Should Know

September 24, 2023 | americanbankingnews.com

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Given Average Recommendation of "Moderate Buy" by Brokerages

September 27, 2023 | Behind the Markets (Ad)

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September 23, 2023 | americanbankingnews.com

Maxeon Solar Technologies (NASDAQ:MAXN) Rating Reiterated by Roth Mkm

September 21, 2023 | nasdaq.com

Roth MKM Reiterates Maxeon Solar Technologies (MAXN) Buy Recommendation

September 20, 2023 | msn.com

Maxeon Solar Technologies, Ltd. (MAXN) Dips More Than Broader Markets: What You Should Know

September 20, 2023 | finance.yahoo.com

Maxeon Solar Technologies and Complete Solaria Sign Definitive Agreement for Purchase of Sales Channel Assets and Shingled Solar Panel IP by Maxeon

August 18, 2023 | markets.businessinsider.com

Bank of America Securities Keeps Their Buy Rating on Maxeon Solar Technologies (MAXN)

September 27, 2023 | Behind the Markets (Ad)

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August 15, 2023 | seekingalpha.com

Maxeon Solar: Battling Headwinds While Powering Toward Growth

August 15, 2023 | seekingalpha.com

Maxeon Solar: A Reversal In Fortunes

August 11, 2023 | finanznachrichten.de

Maxeon Solar Technologies, Ltd.: Maxeon Solar Technologies Announces Second Quarter 2023 Financial Results

August 11, 2023 | finance.yahoo.com

Maxeon Cuts Guidance as Demand for Solar Products Weakens, Sending Shares Lower

August 11, 2023 | msn.com

Maxeon Solar Technologies, Ltd. (MAXN) Reports Q2 Loss, Misses Revenue Estimates

August 11, 2023 | msn.com

Maxeon Solar sinks after issuing below-consensus revenue guidance

August 11, 2023 | finance.yahoo.com

Maxeon Solar Technologies Announces Second Quarter 2023 Financial Results

August 10, 2023 | seekingalpha.com

Maxeon Solar Technologies, Ltd. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

Maxeon Solar (MAXN) to Post Q2 Earnings: What's in Store?

August 4, 2023 | finance.yahoo.com

Maxeon Solar Technologies to Release Second Quarter 2023 Financial Results on August 10, 2023

August 1, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Its Buy Rating for Maxeon Solar Technologies (MAXN)

July 13, 2023 | msn.com

Maxeon Solar Technologies, Ltd. (MAXN) Outpaces Stock Market Gains: What You Should Know

July 3, 2023 | finance.yahoo.com

Institutions profited after Maxeon Solar Technologies, Ltd.'s (NASDAQ:MAXN) market cap rose US$149m last week but public companies profited the most

June 28, 2023 | finance.yahoo.com

Maxeon Solar Technologies Releases 2022 Sustainability Report with Enhanced Climate-Related Disclosures

June 26, 2023 | prnewswire.com

Maxeon Solar Technologies Holds Ribbon Cutting Ceremony for Expanded and Renovated Manufacturing Plant in Mexicali, Mexico

June 26, 2023 | prnewswire.com

Maxeon Solar Technologies lleva a cabo ceremonia de corte de listón de su fábrica ampliada y renovada en Mexicali

June 21, 2023 | msn.com

Maxeon Solar Technologies, Ltd. (MAXN) Loses -10.66% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

June 20, 2023 | msn.com

Maxeon Solar rises after addition to Russell 2000 Index

See More Headlines

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MAXN Company Calendar

Last Earnings: 8/10/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:MAXN
CUSIP: N/A
CIK: 1796898
Web: www.maxeon.com
Phone: 408-240-5500
Fax: N/A
Employees: 5,344
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $30.83
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +154.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-267,420,000.00
Net Margins: -8.03%
Pretax Margin: -4.48%
Return on Equity: -77.32%
Return on Assets: -7.76%

Debt

Debt-to-Equity Ratio: 1.40
Current Ratio: 1.77
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $1.06 billion
Price / Sales: 0.60
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.07 per share
Price / Book: 11.31

Miscellaneous

Outstanding Shares: 52,530,000
Free Float: N/A
Market Cap: $635.61 million
Optionable: Not Optionable
Beta: 1.51

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Key Executives

Dr. William P. Mulligan III (Age 62)
Chief Exec. Officer

Mr. Kai Strohbecke (Age 52)
Chief Financial Officer

Mr. Philippe Costemale (Age 56)
Chief Operating Officer

Mr. Matt Dawson
Chief Technology Officer

Mr. Robert Lahey
Head of Investor Relations

Ms. Lindsey Roon Wiedmann (Age 45)
Chief Legal & Sustainability Officer

Ms. Tiffany See (Age 47)
Chief HR Officer

Mr. Peter C. Aschenbrenner (Age 67)
Chief Strategy Officer

Mr. Mark Babcock (Age 51)
Chief Revenue Officer

Chenggang Cao
Head of China Bus. & Gen. Counsel

Key Competitors

View All Competitors

Institutional Ownership

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 year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MAXN shares.
View MAXN analyst ratings or view top-rated stocks.
What is Maxeon Solar Technologies' stock price forecast for 2023?: 6 brokerages have issued 1 year price targets for Maxeon Solar Technologies' shares. Their MAXN share price forecasts range from $22.00 to $40.00. On average, they anticipate the company's share price to reach $30.83 in the next twelve months. This suggests a possible upside of 154.8% 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 start of the year. Since then, MAXN shares have decreased by 24.7% and is now trading at $12.10.
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, November 9th 2023.
View our MAXN earnings forecast.
How were Maxeon Solar Technologies' earnings last quarter?: Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) issued its quarterly earnings results on Thursday, August, 10th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.15. The firm earned $348.37 million during the quarter, compared to analysts' expectations of $376.48 million. Maxeon Solar Technologies had a negative net margin of 8.03% and a negative trailing twelve-month return on equity of 77.32%.
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 S&P Kensho Clean Power ETF (CNRG), Fidelity Clean Energy ETF (FRNW), Invesco Solar ETF (TAN), AXS Green Alpha ETF (NXTE), Global X Clean Tech ETF (CTEC) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN).Global X Solar ETF (RAYS).
What guidance has Maxeon Solar Technologies issued on next quarter's earnings?: Maxeon Solar Technologies issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $280.00 million-$320.00 million, compared to the consensus revenue estimate of $395.32 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.19%), Schroder Investment Management Group (2.74%), Driehaus Capital Management LLC (2.42%), State Street Corp (1.99%), Marshall Wace LLP (1.40%) and Renaissance Technologies LLC (0.81%).
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 $12.10.
How much money does Maxeon Solar Technologies make?: Maxeon Solar Technologies (NASDAQ:MAXN) has a market capitalization of $635.61 million and generates $1.06 billion in revenue each year. The company earns $-267,420,000.00 in net income (profit) each year or ($2.50) 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 9/27/2023 by MarketBeat.com Staff

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