Goldman Sachs Maintains Buy Rating for Maxeon Solar Technologies: Here's What You Need To Know

Goldman Sachs has decided to maintain its Buy rating of Maxeon Solar Technologies MAXN and lower its price target from $33.00 to $21.00.

Shares of Maxeon Solar Technologies are trading down 0.89% over the last 24 hours, at $8.90 per share.

A move to $21.00 would account for a 135.96% increase from the current share price.

About Maxeon Solar Technologies

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.