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

9.28

Mkt cap

140M

Volume

284K

High

9.86

P/E Ratio

-0.01

52-wk high

780.00

Low

9.11

Div yield

N/A

52-wk low

4.98

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

Shares of several tech companies are down due to rising Treasury yields, triggered by a higher-than-expected U.S. January inflation data increase.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:32 pm

Maxeon Solar Technologies (NASDAQ:MAXN) received mixed analyst ratings with 3 bullish, 1 somewhat bullish, and 7 indifferent. The average 12-month price target is $9.45, down 39.03% from the previous target. Analysts from firms like Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, and Raymond James have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon is engaged in manufacturing and marketing solar technology, with a market cap below industry average, a negative revenue trend, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 3:00 pm

Mizuho analyst Maheep Mandloi has maintained a Neutral rating on Maxeon Solar Technologies (NASDAQ:MAXN) but lowered the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:38 pm

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has launched a new Commercial Partner Program in the U.S. to support solar installers and dealers. The program offers exclusive access to Maxeon's high-efficiency solar modules, a 40-year warranty, sales support, marketing assets, and co-branding opportunities. Maxeon emphasizes its commitment to sustainability and ESG, highlighting its recognition in the Global 100 Index and as a UN Global Compact signatory. Sunterra Solar Inc. has partnered with Maxeon, citing alignment with their sustainable practices and investment strategy. Maxeon is promoting its program at Intersolar North America.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 1:09 pm

Maxeon Solar Technologies (NASDAQ:MAXN) has received mixed ratings from 14 analysts in the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target has dropped significantly from $19.85 to $11.00. Analysts from firms including Mizuho, Goldman Sachs, Morgan Stanley, UBS, Roth MKM, Northland Capital Markets, Raymond James, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Maxeon Solar Technologies is a manufacturer of solar technology with a lower market capitalization and revenue challenges, as well as a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:00 pm

Mizuho analyst Maheep Mandloi has maintained a Neutral rating on Maxeon Solar Technologies (NASDAQ:MAXN) and increased the price target from $7 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:05 pm

In Thursday's pre-market session, several stocks are moving higher despite mixed U.S. stock futures, with the Dow Jones futures down about 40 points. Altice USA, Inc. (ATUS) saw a significant rise of 14.4% after a 12% gain on Wednesday. TeraWulf Inc. (WULF) continued its upward trend with a 10.8% increase following a 30% gain. Nurix Therapeutics, Inc. (NRIX), HIVE Digital Technologies Ltd. (HIVE), and Bit Digital, Inc. (BTBT) all saw pre-market gains, with BTBT rising due to an expansion of its Bitcoin mining fleet and a surge in Bitcoin's price. Cipher Mining Inc. (CIFR) also benefited from the Bitcoin price increase, rising 6.3%. Bilibili Inc. (BILI), Bitdeer Technologies Group (BTDR), and Maxeon Solar Technologies, Ltd. (MAXN) each saw pre-market gains of around 4.9%.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 10:41 am

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has expanded its patent dispute against Aiko Energy by filing a preliminary injunction in the Netherlands and issuing a cease-and-desist letter over false claims. The dispute involves Maxeon's European Patent No. EP2297788B1 related to solar cell technology. Maxeon is also pursuing patent enforcement in Germany and demands Aiko retract misleading statements about its own patents.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:01 pm

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