Analyst Explains Why They Upgraded Their Rating on Maxeon Solar Technologies (MAXN)
Maxeon Solar Technologies (MAXN) received a Buy rating and a $33.00 price target from Raymond James analyst Pavel Molchanov today. The company’s shares closed last Thursday at $15.80, close to its 52-week low of $11.78.
According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 14.0% and a 58.4% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Clean Energy Fuels, and Exxon Mobil.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Maxeon Solar Technologies with a $28.00 average price target.
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Maxeon Solar Technologies’ market cap is currently $664.1M and has a P/E ratio of -3.40. The company has a Price to Book ratio of 1.79.
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Maxeon Solar Technologies Ltd is engaged in the design, manufacture, and distribution of solar products. The product portfolio include SunPower Maxeon Panels and SunPower Performance Panels.
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