Raymond James Thinks Maxeon Solar Technologies’ Stock is Going to Recover

In a report released today, Pavel Molchanov from Raymond James reiterated a Buy rating on Maxeon Solar Technologies (MAXN), with a price target of $33.00. The company’s shares closed last Thursday at $18.17, close to its 52-week low of $11.78.

According to TipRanks.com, Molchanov is a 5-star analyst with an average return of 13.2% and a 57.9% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Clean Energy Fuels, and Conocophillips.

Currently, the analyst consensus on Maxeon Solar Technologies is a Moderate Buy with an average price target of $28.00.

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Maxeon Solar Technologies’ market cap is currently $782M and has a P/E ratio of -3.50. The company has a Price to Book ratio of 1.81.

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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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