Maxeon Solar Technologies (MAXN) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2019 and is headquartered in Singapore.

Key Stats

• Today's Range: $6.86 to $8.70
• 50-Day Range: $5.20 to $1,045.00
• 52-Week Range: $4.98 to $779.99
• Volume: 1.35 million shs
• Average Volume: 2.75 million shs
• Market Capitalization: $4.77 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $26,072.00
• Consensus Rating: Strong Sell

Maxeon Solar Technologies Stock Analysis - MarketRank™

Maxeon Solar Technologies scored higher than 65% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Strong Sell

Consensus Rating

Maxeon Solar Technologies has received a consensus rating of Strong Sell. The company's average rating score is 1.38, and is based on no buy ratings, 3 hold ratings, and 5 sell ratings.

Amount of Analyst Coverage

Maxeon Solar Technologies has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Maxeon Solar Technologies are expected to grow in the coming year, from ($27.00) to ($9.00) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Maxeon Solar Technologies is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Maxeon Solar Technologies is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Maxeon Solar Technologies has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

33.48% of the float of Maxeon Solar Technologies has been sold short.

Short Interest Ratio / Days to Cover

Maxeon Solar Technologies has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maxeon Solar Technologies has recently increased by 53.12%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Maxeon Solar Technologies does not currently pay a dividend.

Dividend Growth

Maxeon Solar Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -1.24

Percentage of Shares Shorted

33.48% of the float of Maxeon Solar Technologies has been sold short.

Short Interest Ratio / Days to Cover

Maxeon Solar Technologies has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Maxeon Solar Technologies has recently increased by 53.12%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.9 / 5
• News Sentiment: -0.30

News Sentiment

Maxeon Solar Technologies has a news sentiment score of -0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Maxeon Solar Technologies this week, compared to 5 articles on an average week.

Search Interest

Only 18 people have searched for MAXN on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Maxeon Solar Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Maxeon Solar Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.93% of the stock of Maxeon Solar Technologies is held by insiders.

Percentage Held by Institutions

47.67% of the stock of Maxeon Solar Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MAXN Stock Analysis - Frequently Asked Questions

How have MAXN shares performed this year?

Maxeon Solar Technologies' stock was trading at $71,700.00 at the beginning of the year. Since then, MAXN stock has decreased by 100.0% and is now trading at $8.67.
View the best growth stocks for 2024 here.

How were Maxeon Solar Technologies' earnings last quarter?

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) issued its earnings results on Tuesday, September, 3rd. The company reported $300.00 earnings per share for the quarter, topping analysts' consensus estimates of ($11,200.00) by $11,500.00. The firm earned $184.22 million during the quarter, compared to analysts' expectations of $175.35 million. Maxeon Solar Technologies had a negative net margin of 43.85% and a negative trailing twelve-month return on equity of 1,598.11%.

When did Maxeon Solar Technologies' stock split?

Maxeon Solar Technologies's stock reverse split before market open on Wednesday, October 9th 2024. The 1-100 reverse split was announced on Friday, September 20th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, October 8th 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Who are Maxeon Solar Technologies' major shareholders?

Maxeon Solar Technologies' top institutional shareholders include GSA Capital Partners LLP (383.63%), Verition Fund Management LLC (212.12%), XTX Topco Ltd (122.93%) and Parallax Volatility Advisers L.P..

How do I buy shares of Maxeon Solar Technologies?

Shares of MAXN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Maxeon Solar Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Maxeon Solar Technologies investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 9/03/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:MAXN
• CUSIP: N/A
• CIK: 1796898
• Web: www.maxeon.com
• Phone: 408-240-5500
• Fax: N/A
• Employees: 3,888
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $26,072.00
• High Stock Price Target: $80,000.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +300,615.1%
• Consensus Rating: Strong Sell
• Rating Score (0-4): 1.38
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($774.00)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-275,830,000.00
• Net Margins: -43.85%
• Pretax Margin: -44.61%
• Return on Equity: -1,598.11%
• Return on Assets: -37.15%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.36
• Quick Ratio: 0.55

Sales & Book Value

• Annual Sales: $828.08 million
• Price / Sales: 0.01
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $8.84 per share
• Price / Book: 0.98

Miscellaneous

• Outstanding Shares: 549,000
• Free Float: N/A
• Market Cap: $4.76 million
• Optionable: Optionable
• Beta: 1.42