Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Rating) have been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.83.

Several analysts have issued reports on MAXN shares. Northland Securities raised their price target on shares of Maxeon Solar Technologies from $31.00 to $40.00 in a research report on Wednesday, May 17th. The Goldman Sachs Group lifted their price target on shares of Maxeon Solar Technologies from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 9th. Roth Mkm boosted their target price on shares of Maxeon Solar Technologies from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 8th. Bank of America dropped their price target on shares of Maxeon Solar Technologies from $37.00 to $33.00 in a research note on Friday, May 12th. Finally, Raymond James boosted their price target on shares of Maxeon Solar Technologies from $30.00 to $34.00 in a research note on Thursday, May 11th.

Hedge Funds Weigh In On Maxeon Solar Technologies

Several large investors have recently modified their holdings of MAXN. Strategic Investment Solutions Inc. IL acquired a new position in shares of Maxeon Solar Technologies in the first quarter valued at about $27,000. Public Employees Retirement Association of Colorado bought a new position in Maxeon Solar Technologies in the 4th quarter valued at approximately $31,000. North Star Investment Management Corp. raised its holdings in Maxeon Solar Technologies by 25.0% in the 4th quarter. North Star Investment Management Corp. now owns 5,000 shares of the company’s stock valued at $80,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Maxeon Solar Technologies by 19.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,048 shares of the company’s stock valued at $81,000 after buying an additional 830 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Maxeon Solar Technologies during the 4th quarter worth approximately $109,000. 56.08% of the stock is owned by institutional investors.

Maxeon Solar Technologies Trading Up 8.0 %

Maxeon Solar Technologies stock opened at $30.26 on Monday. Maxeon Solar Technologies has a 52 week low of $10.01 and a 52 week high of $38.91. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -6.55 and a beta of 1.52. The company has a 50 day moving average price of $27.80 and a 200 day moving average price of $22.84.

Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) last released its quarterly earnings results on Tuesday, March 7th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.25) by ($0.59). The business had revenue of $323.50 million for the quarter, compared to the consensus estimate of $314.88 million. Maxeon Solar Technologies had a negative net margin of 16.27% and a negative return on equity of 178.57%. Research analysts forecast that Maxeon Solar Technologies will post -1.28 EPS for the current year.

Maxeon Solar Technologies Company Profile

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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.