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How major US stock indexes fared Friday, 2/23/2024
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In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Closing prices for crude oil, gold and other commodities
Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
NASDAQ:MAXN

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

$4.18
-0.02 (-0.48%)
(As of 02/23/2024 ET)
Today's Range
$4.03
$4.30
50-Day Range
$4.18
$7.55
52-Week Range
$3.91
$38.91
Volume
2.06 million shs
Average Volume
1.95 million shs
Market Capitalization
$219.58 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.13

Maxeon Solar Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
94.4% Upside
$8.13 Price Target
Short Interest
Bearish
28.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.24
Upright™ Environmental Score
News Sentiment
0.46mentions of Maxeon Solar Technologies in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($3.93) to ($2.87) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

Oils/Energy Sector

124th out of 242 stocks

Semiconductors & Related Devices Industry

38th out of 88 stocks


MAXN stock logo

About Maxeon Solar Technologies Stock (NASDAQ:MAXN)

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 Stock Price History

MAXN Stock News Headlines

MAXN Jan 2025 22.500 put
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
MAXN Jan 2025 15.000 put
MAXN Jun 2024 17.500 put
MAXN Jun 2024 2.000 call
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
MAXN Mar 2024 4.000 put
What 11 Analyst Ratings Have To Say About Maxeon Solar Technologies
Maxeon Solar Technologies Ltd (MAXN)
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Today
2/24/2024
Next Earnings (Estimated)
3/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:MAXN
Fax
N/A
Employees
5,344
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.13
High Stock Price Target
$12.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+94.4%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$-267,420,000.00
Pretax Margin
-10.40%

Debt

Sales & Book Value

Annual Sales
$1.06 billion
Book Value
$1.07 per share

Miscellaneous

Free Float
52,041,000
Market Cap
$219.58 million
Optionable
Optionable
Beta
1.57
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Key Executives

  • Dr. William P. Mulligan III (Age 63)
    Chief Executive Officer
  • Mr. Kai Strohbecke (Age 53)
    Chief Financial Officer
  • Mr. Matt Dawson
    Chief Technology Officer
  • Mr. Robert Lahey
    Head of Investor Relations
  • Ms. Lindsey Roon Wiedmann (Age 46)
    Chief Legal & Sustainability Officer
  • Ms. Tiffany See (Age 48)
    Chief Human Resources Officer
  • Mr. Peter C. Aschenbrenner (Age 68)
    Chief Strategy Officer
  • Mr. Mark Babcock (Age 52)
    Executive Officer
  • Chenggang Cao
    Head of China Business & General Counsel
  • Mr. Ralf Elias (Age 53)
    Executive VP & Global Head of Distributed Generation (DG) Products














MAXN Stock Analysis - Frequently Asked Questions

Should I buy or sell Maxeon Solar Technologies stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Maxeon Solar Technologies in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MAXN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MAXN, but not buy additional shares or sell existing shares.
View MAXN analyst ratings
or view top-rated stocks.

What is Maxeon Solar Technologies' stock price target for 2024?

9 analysts have issued 1-year price objectives for Maxeon Solar Technologies' shares. Their MAXN share price targets range from $5.00 to $12.00. On average, they predict the company's share price to reach $8.13 in the next year. This suggests a possible upside of 94.4% 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 2024?

Maxeon Solar Technologies' stock was trading at $7.17 at the beginning of the year. Since then, MAXN stock has decreased by 41.7% and is now trading at $4.18.
View the best growth stocks for 2024 here
.

When is Maxeon Solar Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our MAXN earnings forecast
.

How were Maxeon Solar Technologies' earnings last quarter?

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) released its quarterly earnings results on Wednesday, November, 15th. The company reported ($2.21) EPS for the quarter, missing analysts' consensus estimates of ($0.86) by $1.35. The business earned $227.60 million during the quarter, compared to analysts' expectations of $226.85 million. Maxeon Solar Technologies had a negative trailing twelve-month return on equity of 115.75% and a negative net margin of 13.56%. The firm's quarterly revenue was down 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.09) earnings per share.

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), Telesis Bio (TBIO), Allena Pharmaceuticals (ALNA), BioTelemetry (BEAT), Blink Charging (BLNK) and CureVac (CVAC).

Who are Maxeon Solar Technologies' major shareholders?

Maxeon Solar Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.21%), Nordea Investment Management AB (1.03%), Soviero Asset Management LP (0.51%), First Trust Advisors LP (0.50%), Citadel Advisors LLC (0.00%) and Northern Trust Corp (0.37%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MAXN) was last updated on 2/24/2024 by MarketBeat.com Staff