Maxeon Solar Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Maxeon Solar Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 and FY24 revenue guidance below estimates.
May 30, 2024 | 12:13 pm
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Maxeon Solar Technologies reported worse-than-expected Q1 financial results and issued Q2 and FY24 revenue guidance below estimates, leading to a drop in share price.
The company's disappointing Q1 results and lower-than-expected revenue guidance for Q2 and FY24 are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100