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

Roth MKM analyst Philip Shen maintains a Neutral rating on Maxeon Solar Technologies (NASDAQ:MAXN) and lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:04 pm

Maxeon Solar Technologies has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its 2023 Annual Report. The company had previously received a notice of non-compliance due to a delayed filing.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:10 pm

U.S. stocks traded lower with the Dow Jones falling over 300 points. Best Buy reported better-than-expected earnings, while Foot Locker, Red Robin Gourmet Burgers, and OneMedNet saw significant stock price increases. Maxeon Solar Technologies, NovaBay Pharmaceuticals, and UiPath experienced sharp declines due to disappointing earnings and guidance.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 6:48 pm

Shares of American Eagle Outfitters (NYSE:AEO) fell 4.5% after reporting first-quarter earnings that missed analyst estimates. Other notable stock movements include Cue Health (NASDAQ:HLTH) jumping 100.7% after filing for Chapter 7 bankruptcy, and Smart for Life (NASDAQ:SMFL) rising 57% following a restructuring program. Faraday Future (NASDAQ:FFIE) rose 51% despite poor fiscal year results and Nasdaq filing issues. Foot Locker (NYSE:FL) gained 25.9% after beating first-quarter earnings, while Salesforce (NYSE:CRM) fell 20.1% due to weak guidance despite upbeat earnings.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 5:48 pm

The article highlights the intraday movements of various Information Technology stocks on Thursday. Notable gainers include Cemtrex, Sobr Safe, Credo Technology Group, HP, Sonim Technologies, and C3.ai. Significant losers include UiPath, Maxeon Solar Technologies, Tungray Technologies, Strong Global, Nutanix, and Salesforce.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:32 pm

U.S. stocks traded lower with the Nasdaq Composite falling over 100 points. Real estate shares rose while information technology shares dipped. Crude oil inventories fell more than expected. Foot Locker, American Superconductor, and OneMedNet saw significant stock price increases following positive news, while Maxeon Solar Technologies, NovaBay Pharmaceuticals, and UiPath experienced sharp declines due to disappointing earnings and guidance.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 4:00 pm

Maxeon Solar Technologies (NASDAQ:MAXN) reported disappointing Q1 earnings, with revenue and EPS both missing analyst estimates. The company experienced a significant decline in shipments and revenue year over year, leading to a 50% drop in stock value. Despite challenging market conditions, Maxeon secured investments and debt restructuring to stabilize its financial position.

Portfolio Pulse from Anusuya Lahiri

May 30, 2024 | 2:54 pm

U.S. stocks fell on Thursday, with the Dow Jones dropping over 300 points. Dollar General reported better-than-expected Q1 results. Cue Health, Smart for Life, and OneMedNet saw significant stock gains, while Maxeon Solar, NovaBay Pharmaceuticals, and UiPath experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 1:55 pm

Maxeon Solar Technologies has resumed trading of its shares.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:41 pm

Maxeon Solar Technologies shares were halted on a circuit breaker due to a significant drop, with the stock now down by 50.16%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:37 pm

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