Maxeon Photo voltaic Applied sciences (NASDAQ:MAXN) PT Raised to $30.00 at Financial institution of America

Maxeon Solar Technologies, Ltd.  logoMaxeon Photo voltaic Applied sciences (NASDAQ:MAXN – Get Score) had its worth goal elevated by Financial institution of America from $25.00 to $30.00 in a report launched on Friday morning, MarketBeat.com reviews. They at the moment have a purchase ranking on the inventory.

A number of different analysis companies have additionally not too long ago issued reviews on MAXN. Morgan Stanley boosted their goal worth on shares of Maxeon Photo voltaic Applied sciences from $14.00 to $21.00 and gave the corporate an equal weight ranking in a analysis be aware on Thursday, August 18th. Northland Securities started protection on shares of Maxeon Photo voltaic Applied sciences in a analysis be aware on Monday, August eighth. They issued an outperform ranking and a $22.00 goal worth for the corporate. Raymond James reduce shares of Maxeon Photo voltaic Applied sciences from an outperform ranking to a market carry out ranking in a analysis be aware on Tuesday, August sixteenth. Lastly, The Goldman Sachs Group upgraded shares of Maxeon Photo voltaic Applied sciences from a promote ranking to a purchase ranking and boosted their goal worth for the corporate from $9.00 to $27.00 in a analysis be aware on Wednesday, September seventh. Two analysis analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, Maxeon Photo voltaic Applied sciences has a consensus ranking of Reasonable Purchase and a consensus goal worth of $23.60.

Maxeon Photo voltaic Applied sciences Inventory Efficiency

Shares of NASDAQ MAXN opened at $25.60 on Friday. The corporate has a present ratio of 1.11, a fast ratio of 0.60 and a debt-to-equity ratio of 1.14. Maxeon Photo voltaic Applied sciences has a 12 month low of $7.48 and a 12 month excessive of $26.36. The corporate has a 50 day easy shifting common of $17.94 and a two-hundred day easy shifting common of $14.45. The inventory has a market cap of $1.13 billion, a price-to-earnings ratio of -3.64 and a beta of 1.58.

Need Extra Nice Investing Concepts?

Maxeon Photo voltaic Applied sciences (NASDAQ:MAXN – Get Score) final introduced its quarterly earnings knowledge on Thursday, August 18th. The corporate reported ($2.15) EPS for the quarter, lacking the consensus estimate of ($1.66) by ($0.49). Maxeon Photo voltaic Applied sciences had a unfavourable web margin of 31.64% and a unfavourable return on fairness of 94.81%. Throughout the identical quarter final 12 months, the agency earned ($1.99) EPS. As a gaggle, analysts predict that Maxeon Photo voltaic Applied sciences will submit -5.78 earnings per share for the present 12 months.

Institutional Traders Weigh In On Maxeon Photo voltaic Applied sciences

Institutional traders and hedge funds have not too long ago added to or decreased their stakes within the inventory. Signaturefd LLC elevated its holdings in Maxeon Photo voltaic Applied sciences by 332.0% within the 1st quarter. Signaturefd LLC now owns 1,771 shares of the corporate’s inventory price $26,000 after buying a further 1,361 shares within the final quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a brand new stake in shares of Maxeon Photo voltaic Applied sciences throughout the first quarter price $68,000. Advisor Group Holdings Inc. grew its holdings in shares of Maxeon Photo voltaic Applied sciences by 60.4% throughout the fourth quarter. Advisor Group Holdings Inc. now owns 7,729 shares of the corporate’s inventory price $108,000 after shopping for a further 2,911 shares within the final quarter. Investnet Asset Administration Inc. bought a brand new stake in shares of Maxeon Photo voltaic Applied sciences throughout the fourth quarter price $150,000. Lastly, Quantbot Applied sciences LP grew its holdings in shares of Maxeon Photo voltaic Applied sciences by 1,609.4% throughout the first quarter. Quantbot Applied sciences LP now owns 11,402 shares of the corporate’s inventory price $165,000 after shopping for a further 10,735 shares within the final quarter. Hedge funds and different institutional traders personal 56.08% of the corporate’s inventory.

About Maxeon Photo voltaic Applied sciences

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Maxeon Photo voltaic Applied sciences, Ltd. designs, manufactures, markets, and sells photo voltaic panels and associated photo voltaic system parts worldwide. The corporate gives interdigitated again contact and shingled photo voltaic cells and panels beneath the SunPower model. It affords its merchandise to sellers, venture builders, system integrators, distributors, resellers, and residential and small-scale business prospects.

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Analyst Recommendations for Maxeon Solar Technologies (NASDAQ:MAXN)

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