Goldman Sachs Downgrades Maxeon Solar Technologies to Sell, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Buy to Sell and significantly lowered the price target from $11 to $1.

June 04, 2024 | 3:38 pm
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Goldman Sachs analyst Brian Lee has downgraded Maxeon Solar Technologies from Buy to Sell and drastically reduced the price target from $11 to $1.
The downgrade from Buy to Sell and the significant reduction in the price target from $11 to $1 by a major financial institution like Goldman Sachs is likely to have a negative impact on Maxeon Solar Technologies' stock price in the short term. This indicates a lack of confidence in the company's near-term performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100