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

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.
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6 Wall Street 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 predict the company's share price to reach $31.83 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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Maxeon Solar Technologies' stock was trading at $16.06 on January 1st, 2023. Since then, MAXN stock has increased by 74.5% and is now trading at $28.03.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
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Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) released its quarterly earnings data on Tuesday, November, 16th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.42) by $0.07. The business had revenue of $220.49 million for the quarter, compared to analyst estimates of $231 million. Maxeon Solar Technologies had a negative net margin of 16.27% and a negative trailing twelve-month return on equity of 178.57%. During the same quarter in the prior year, the company earned ($2.74) EPS.

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), 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).

Maxeon Solar Technologies updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (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.

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).

Maxeon Solar Technologies trades on the NASDAQ under the ticker symbol "MAXN."

Maxeon Solar Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders 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%).

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.
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One share of MAXN stock can currently be purchased for approximately $28.03.

Maxeon Solar Technologies (NASDAQ:MAXN) has a market capitalization of $1.27 billion and generates $1.06 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.

The company employs 5,344 workers across the globe.

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.