Maxeon (MAXN) Provides Business Update; Reports Q3 Revenue and Shipment Results

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Roth/MKM Downgrades Maxeon Solar Technologies Ltd. (MAXN) to Neutral, 'Cutting Estimates; Stepping Aside'

October 11, 2023 9:21 AM EDT

Roth/MKM analyst Philip Shen downgraded Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) from Buy to Neutral with a price target of $10.00 (from $25.00).

The analyst comments "Yesterday, MAXN preannounced Q3 to the downside, attributing the miss to the ongoing SPWR MSA... More