Maxeon Solar Technologies Announces Third Quarter 2023 Financial Results

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Go back to Maxeon Solar Technologies Announces Third Quarter 2023 Financial Results

Northland Downgrades Maxeon Solar Technologies Ltd. (MAXN) to Market Perform, 'Downgrading on Lower IBC Capacity'

November 16, 2023 7:27 AM EST

Northland Capital Markets analyst Donovan Schafer downgraded Maxeon Solar Technologies Ltd. (NASDAQ: MAXN) from Outperform to Market Perform with a price target of $7.00 (from $25.00).

The analyst comments "MAXN delivered an inline Q3 and weak Q4 guide. Weakness was driven by restructuring and... More

Maxeon (MAXN) Misses Q3 EPS by $1.37, Offers Guidance

November 15, 2023 4:26 PM EST

Maxeon (NASDAQ: MAXN) reported Q3 EPS of ($2.21), $1.37 worse than the analyst estimate of ($0.84). Revenue for the quarter came in at $228 million versus the consensus estimate of $236.91 million.

GUIDANCE:

Maxeon sees Q4 2023 revenue of $220-260 million, versus the consensus of $273.9... More