Why Maxeon Solar Shares Are Gaining Today
Portfolio Pulse from Nabaparna Bhattacharya
Maxeon Solar Technologies has entered into an agreement with Samsung Electronics to integrate its SunPower One residential energy solution within Samsung's SmartThings connected home platform. Roth MKM analyst Philip Shen upgraded Maxeon Solar from Neutral to Buy, raising the price target from $21 to $40.
June 14, 2023 | 11:37 am
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POSITIVE IMPACT
Maxeon Solar partners with Samsung to integrate SunPower One into SmartThings platform, and receives an upgrade from Roth MKM analyst Philip Shen.
The partnership with Samsung will boost smart home management solutions and enable homeowners to have energy independence. The analyst upgrade from Roth MKM, raising the price target from $21 to $40, indicates a positive outlook for Maxeon Solar's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Samsung Electronics partners with Maxeon Solar to integrate SunPower One residential energy solution within its SmartThings connected home platform.
The partnership with Maxeon Solar will enhance Samsung's SmartThings platform by adding the SunPower One residential energy solution, potentially attracting more customers and increasing the platform's value.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80