Streetbeat News

MAXN

Maxeon Solar Technologies, Ltd.

https://www.maxeon.com

Industry

Solar

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.

Open

3.20

Mkt cap

56M

Volume

277K

High

3.72

P/E Ratio

-0.01

52-wk high

410.00

Low

3.17

Div yield

N/A

52-wk low

2.68

Maxeon Solar Technologies reported preliminary Q4 2023 revenue of $229M, falling short of the estimated $235.959M.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:14 pm

In Thursday's after-market session, 12 Information Technology stocks showed significant movement. Porch Group, Thoughtworks Holding, Presto Automation, Maxeon Solar Technologies, Kingsoft Cloud Holdings, and Expensify were among the gainers, with increases ranging from 4.43% to 5.5%. Conversely, Casa Systems, Cyngn, WM Tech, Bridgeline Digital, Baijiayun Group, and MariaDB were the losers, with decreases ranging from 4.33% to 8.0%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:31 pm

Raymond James analyst Pavel Molchanov maintains an Outperform rating on Maxeon Solar Technologies (NASDAQ:MAXN) but lowers the price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:58 pm

In Tuesday's after-market session, 12 Information Technology stocks showed notable movements. OMNIQ, Expensify, Maxeon Solar Technologies, BitFuFu, Spectaire Holdings, and Wetouch Technology were gainers, with OMNIQ leading at a 7.7% increase following its Q4 earnings release. On the downside, Intrusion, Data Storage, UTime, CISO Global, Cyngn, and GSE Systems experienced declines, with Intrusion dropping 5.3%. Notably, both Data Storage and GSE Systems had their Q4 earnings released recently.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:30 pm

Roth MKM analyst Philip Shen has maintained a Neutral rating on Maxeon Solar Technologies (NASDAQ:MAXN) and reduced the price target from $6 to $3.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 2:48 pm

Maxeon Solar Technologies has filed a patent infringement lawsuit against Canadian Solar, accusing the latter of infringing on Maxeon's patents related to TOPCon technology. This legal action could potentially impact the operations and financial performance of both companies, depending on the outcome.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:17 pm

Maxeon Solar Technologies' stock (MAXN) trades lower following a downgrade by UBS from Neutral to Sell, with a price target reduction from $7 to $3.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:19 pm

UBS analyst William Grippin downgraded Maxeon Solar Technologies (MAXN) from Neutral to Sell and reduced the price target from $7 to $3.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:01 pm

In Friday's pre-market session, several information technology stocks showed significant movement. Auddia, Porch Group, and Rubicon Technologies were among the top gainers, with their stocks rising due to recent Q4 earnings reports. Conversely, BigBear.ai Holdings, MultiSensor AI Holdings, and Domo experienced notable declines, also influenced by their Q4 earnings outcomes.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 1:09 pm

Maxeon Solar Technologies announced the completion of its first customer installation using the next generation Maxeon Interdigitated Back Contact (IBC) solar panels. This marks a significant milestone for the company in the deployment of its advanced solar technology.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:11 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.