Maxeon Solar Technologies (MAXN) Scheduled to Post Earnings on Wednesday

Maxeon Solar Technologies (NASDAQ:MAXN) will be issuing its quarterly earnings data after the market closes on Wednesday, May 15th. Analysts expect the company to announce earnings of ($1.01) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Maxeon Solar Technologies Trading Up 2.2 %

NASDAQ MAXN opened at $2.28 on Wednesday. The company has a market capitalization of $122.89 million, a price-to-earnings ratio of -0.63 and a beta of 1.62. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 0.88. Maxeon Solar Technologies has a 12 month low of $1.71 and a 12 month high of $38.91. The company’s fifty day moving average price is $2.86 and its two-hundred day moving average price is $4.54.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAXN shares. Roth Mkm reaffirmed a “neutral” rating and set a $3.00 price target on shares of Maxeon Solar Technologies in a research report on Tuesday, April 9th. UBS Group reduced their target price on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating on the stock in a report on Tuesday, April 9th. Raymond James downgraded Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 9th. Finally, Mizuho reduced their price objective on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.59.

Maxeon Solar Technologies Company Profile

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.