Analysts have recently shared a variety of perspectives on Maxeon Solar Technologies, ranging from optimistic to pessimistic. Over the past three months, there have been a total of 4 analyst ratings, including 1 bullish, 2 neutral, and 1 bearish. The average 12-month price target for Maxeon Solar Technologies stands at $7.25, with a high estimate of $11.00 and a low estimate of $3.00. Analyst actions have contributed to a 27.5% decrease in the average price target, indicating a shift towards a more negative sentiment.
Recent evaluations by key analysts such as William Grippin from UBS, Maheep Mandloi from Mizuho, and Brian Lee from Goldman Sachs have influenced the market sentiment. Grippin lowered the rating to Sell with a price target of $3.00, while Mandloi adjusted the rating to Neutral with price targets of $7.00 and $8.00. Lee, on the other hand, lowered the rating to Buy with a price target of $11.00.
Analysts frequently update their recommendations based on market conditions and company performance, reflecting their reactions to recent developments concerning Maxeon Solar Technologies. These shifts in ratings and price targets offer valuable insights into analysts’ perceptions of the company’s current standing.
MAXN Stock Plunges 6.63% on March 8, 2024: What Investors Need to Know
MAXN stock had a rough day on March 8, 2024, as it traded near the bottom of its 52-week range and below its 200-day simple moving average. The price of MAXN shares decreased by $0.27, representing a significant 6.63% drop since the market last closed. The stock opened at $3.76, $0.24 lower than its previous close.
Investors may be cautious about MAXN’s prospects in the near term, as the stock’s performance on March 8 reflects a lack of confidence in its ability to deliver positive returns. The drop in price could also be a result of negative news or developments related to the company.
It is important for investors to carefully monitor MAXN’s performance and consider the factors driving its stock price movement. While short-term fluctuations are common in the stock market, a sustained downward trend could signal underlying issues that may impact the company’s long-term growth potential.
MAXN Stock Reports Mixed Performance: Revenue Up, Net Loss Down
MAXN stock had a mixed performance on March 8, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, MAXN’s total revenue for the past year was $1.06 billion, showing a significant increase of 35.34% compared to the previous year. However, the total revenue for the third quarter was $227.63 million, which represented a decrease of 34.66% compared to the previous quarter.
In terms of net income, MAXN reported a net loss of $267.42 million for the past year, which was a decrease of 5.07% compared to the previous year. The net loss for the third quarter was $108.26 million, showing a significant decrease of 7074.09% compared to the previous quarter.
Earnings per share (EPS) also showed a mixed performance for MAXN. The EPS for the past year was -$6.54, which represented a 3.82% increase compared to the previous year. However, the EPS for the third quarter was -$2.21, showing a significant decrease of 6524.85% compared to the previous quarter.
