What's Going On With Maxeon Stock Today?
Portfolio Pulse from Ryan Gustafson
Maxeon Solar Technologies (NASDAQ:MAXN) reported mixed Q2 results and issued Q3 and full-year 2023 revenue guidance below estimates. Despite beating analyst consensus on quarterly losses, the company missed on sales. Following the report, several analysts lowered their price targets on the stock. The company's stock had been trading lower, along with other solar stocks, due to weak preliminary Q2 results from Sunpower (NASDAQ:SPWR) and weak guidance from SolarEdge (NASDAQ:SEDG).
August 14, 2023 | 7:59 pm
News sentiment analysis
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NEGATIVE IMPACT
Maxeon's mixed Q2 results and lower revenue guidance have led to lowered price targets by analysts.
Maxeon's lower than expected Q2 sales and revenue guidance have negatively impacted investor sentiment, leading to lowered price targets by analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SolarEdge's weak guidance has negatively impacted the stock prices of other solar companies, including Maxeon.
SolarEdge's weak guidance has led to a decrease in the stock prices of other solar companies, including Maxeon, due to market sympathy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Sunpower's weak preliminary Q2 results have negatively impacted the stock prices of other solar companies, including Maxeon.
Sunpower's weak Q2 results have led to a decrease in the stock prices of other solar companies, including Maxeon, due to market sympathy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50