Maxeon Solar Technologies (NASDAQ:MAXN) Releases Earnings Results, Beats Estimates By $1.15 EPS

Maxeon Solar Technologies (NASDAQ:MAXN) announced its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.04) by $1.15, MarketWatch Earnings reports. Maxeon Solar Technologies updated its Q1 2021
After-Hours guidance to EPS.

Shares of NASDAQ MAXN opened at $28.55 on Wednesday. Maxeon Solar Technologies has a 12-month low of $11.78 and a 12-month high of $57.97. The firm’s 50-day simple moving average is $34.23 and its 200 day simple moving average is $29.14.

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Maxeon Solar Technologies from $15.00 to $18.00 and gave the company a “sell” rating in a research note on Monday, January 4th. Zacks Investment Research lowered shares of Maxeon Solar Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 23rd. Raymond James upped their price objective on shares of Maxeon Solar Technologies from $40.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. Finally, Roth Capital started coverage on shares of Maxeon Solar Technologies in a research note on Tuesday, January 19th. They issued a “buy” rating and a $43.00 target price for the company.

About Maxeon Solar Technologies

Maxeon Solar Technologies, Ltd. designs, manufactures, and sells solar panels under the SunPower brand name worldwide. The company is headquartered in Singapore. Maxeon Solar Technologies, Ltd. operates independently of SunPower Corporation as of August 26, 2020.

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