These Analysts Slash Their Forecasts On Maxeon Solar Technologies Following Q3 Results

Maxeon Solar Technologies, Ltd. MAXN posted a loss for the third quarter on Wednesday.

Maxeon Solar Technologies posted a third-quarter loss of $2.21 per share. The company’s quarterly sales came in at $227.63 million, beating market estimates of $227.07 million, according to Benzinga Pro.

Maxeon Solar shares fell 10.1% to trade at $5.48 on Thursday.

These analysts made changes to their price targets on Maxeon Solar following earnings announcement.

• Raymond James cut the price target on Maxeon Solar Technologies from $20 to $10. Raymond James analyst Pavel Molchanov maintained an Outperform rating.
• Northland Capital Markets slashed the price target on Maxeon Solar Technologies from $25 to $7. Northland Capital Markets analyst Donovan Schafer downgraded the stock from Outperform to Market Perform.
• Goldman Sachs lowered the price target on Maxeon Solar Technologies from $21 to $18. Goldman Sachs analyst Brian Lee maintained a Buy rating.
• Roth MKM lowered the price target on Maxeon Solar Technologies from $10 to $6. Roth MKM analyst Philip Shen maintained a Neutral rating.

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