Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Free Report) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.59.
A number of brokerages have recently issued reports on MAXN. UBS Group dropped their price objective on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating on the stock in a research note on Tuesday, April 9th. Raymond James downgraded Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 9th. Roth Mkm reissued a “neutral” rating and issued a $3.00 price objective on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Finally, Mizuho dropped 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.
Read Our Latest Report on MAXN
Institutional Trading of Maxeon Solar Technologies
Maxeon Solar Technologies Stock Up 7.9 %
Shares of NASDAQ:MAXN opened at $2.11 on Thursday. The company has a market capitalization of $113.73 million, a price-to-earnings ratio of -0.58 and a beta of 1.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 0.88. The business’s 50-day moving average is $3.65 and its 200-day moving average is $5.25. Maxeon Solar Technologies has a 1 year low of $1.89 and a 1 year high of $38.91.
About Maxeon Solar Technologies
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.
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