Why This Analyst Raised Maxeon Solar Technologies Forecast By Almost 100%
Portfolio Pulse from Priya Nigam
Maxeon Solar Technologies' shares climbed after signing a deal with Samsung Electronics. Roth MKM predicts margin expansion in 2023 and profitability in 2024 for Maxeon. Analyst Philip Shen upgraded Maxeon's rating to Buy and raised the price target from $21 to $40.
June 14, 2023 | 4:38 pm
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POSITIVE IMPACT
Maxeon Solar Technologies signed a deal with Samsung, leading to an upgraded rating to Buy and a raised price target from $21 to $40 by analyst Philip Shen.
The deal with Samsung Electronics is a positive development for Maxeon Solar Technologies. Analyst Philip Shen's upgraded rating and raised price target indicate a bullish outlook for the company, which could lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Samsung Electronics signed a deal with Maxeon Solar Technologies, which could benefit both companies.
The deal with Maxeon Solar Technologies could be beneficial for Samsung Electronics as well, as it may lead to increased business opportunities and collaborations. However, the impact on Samsung's stock price may be less significant compared to Maxeon's.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Intuit Inc is mentioned as a competitor to Maxeon Solar Technologies, but the focus of the article is on Maxeon's deal with Samsung and its potential impact.
Intuit Inc is mentioned as a competitor to Maxeon Solar Technologies, but the article's focus is on the deal between Maxeon and Samsung. The impact on Intuit's stock price is likely to be minimal in the short term.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20