NASDAQ:MAXN

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

$2.08
-0.20 (-8.77%)
(As of 05/8/2024 ET)
Today's Range
$2.07
$2.25
50-Day Range
$1.78
$4.26
52-Week Range
$1.71
$38.91
Volume
931,735 shs
Average Volume
2.31 million shs
Market Capitalization
$112.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.59

Maxeon Solar Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
217.0% Upside
$6.59 Price Target
Short Interest
Bearish
38.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.24
Upright™ Environmental Score
News Sentiment
0.57mentions of Maxeon Solar Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.92) to ($1.40) 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.

3.01 out of 5 stars

Oils/Energy Sector

128th out of 240 stocks

Semiconductors & Related Devices Industry

48th out of 89 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Hawkish Fed Comments Knock Stocks Lower
The Analyst Landscape: 4 Takes On Maxeon Solar Technologies
See More Headlines
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Company Calendar

Last Earnings
11/15/2023
Today
5/09/2024
Next Earnings (Confirmed)
5/15/2024
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
$6.59
High Stock Price Target
$12.00
Low Stock Price Target
$2.75
Potential Upside/Downside
+217.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
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
N/A
Market Cap
$112.11 million
Optionable
Optionable
Beta
1.62
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Key Executives

  • Dr. William P. Mulligan III (Age 63)
    CEO & Director
  • 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
  • Chenggang Cao
    Head of China Business & General Counsel
  • Mr. Ralf Elias (Age 53)
    Executive VP & Global Head of Distributed Generation (DG) Products
  • Mr. Philippe Costemale (Age 57)
    Executive Officer

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 year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating 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 equities research analysts have issued 1 year target prices for Maxeon Solar Technologies' shares. Their MAXN share price targets range from $2.75 to $12.00. On average, they expect the company's stock price to reach $6.59 in the next year. This suggests a possible upside of 217.0% 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 start of the year. Since then, MAXN shares have decreased by 71.0% and is now trading at $2.08.
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 Wednesday, May 15th 2024.
View our MAXN earnings forecast
.

How can I listen to Maxeon Solar Technologies' earnings call?

Maxeon Solar Technologies will be holding an earnings conference call on Wednesday, May 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Maxeon Solar Technologies' earnings last quarter?

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

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) and USCF Sustainable Commodity Strategy Fund (ZSC).Invesco Solar ETF (TAN).

What guidance has Maxeon Solar Technologies issued on next quarter's earnings?

Maxeon Solar Technologies updated its FY 2023 earnings guidance on Monday, April, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

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 a variety of retail and institutional investors. Top institutional shareholders include Simplex Trading LLC (0.00%), Harel Insurance Investments & Financial Services Ltd. (0.11%), SG Americas Securities LLC (0.10%), Mirae Asset Global Investments Co. Ltd. (0.09%) and Green Alpha Advisors LLC (0.09%).

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 5/9/2024 by MarketBeat.com Staff

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