Morgan Stanley analyst Andrew Percoco assumed coverage of Maxeon Solar with an Equal Weight rating with a price target of $32, up from $21, as the analyst took over lead coverage of North America Clean Tech research at the firm. The analyst’s In-Line industry view balances the strong long-term growth prospects for renewable energy with near-term headwinds that include permitting backlogs, a challenging supply chain and macro environment and volatility in the financing markets.
Published first on TheFly
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- Maxeon Solar names Matt Dawson as Chief Technology Officer
- Maxeon Solar price target raised to $21 from $19 at Roth MKM
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