Northland downgraded Maxeon Solar to Market Perform from Outperform with a price target of $7, down from $25.
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Read More on MAXN:
- Maxeon Solar (NASDAQ: MAXN) Widens Losses in Q3; Settles Dispute with SunPower
- Maxeon Solar falls 9.5% after Q3 earnings miss, FY23 guidance cut
- Maxeon Solar lowers FY23 revenue view to $1.11B-$1.15B from $1.25B-$1.35B
- Maxeon Solar sees Q4 revenue $220M-$260M, consensus $278.29M
- Maxeon Solar, SunPower announce supply agreement