Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 26th. Analysts expect Maxeon Solar Technologies to post earnings of ($1.43) per share for the quarter. Maxeon Solar Technologies has set its Q1 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) last posted its earnings results on Thursday, March 24th. The company reported ($1.81) earnings per share for the quarter, missing the consensus estimate of ($1.30) by ($0.51). Maxeon Solar Technologies had a negative net margin of 32.49% and a negative return on equity of 60.80%. The firm had revenue of $221.48 million during the quarter, compared to analysts’ expectations of $222.96 million. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, analysts expect Maxeon Solar Technologies to post $-5 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Maxeon Solar Technologies stock opened at $10.95 on Wednesday. The stock has a 50-day simple moving average of $12.58 and a 200-day simple moving average of $13.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 1.27. The company has a market capitalization of $373.73 million, a P/E ratio of -1.67 and a beta of 2.06. Maxeon Solar Technologies has a fifty-two week low of $7.48 and a fifty-two week high of $25.39.
Separately, Zacks Investment Research cut Maxeon Solar Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.33.
Maxeon Solar Technologies Company Profile (Get Rating)
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.
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