Morgan Stanley lowered the firm’s price target on Maxeon Solar to $22 from $30 and keeps an Equal Weight rating on the shares. The firm has updated its models and clean tech price targets following what it calls a “rocky” Q2 earnings season that featured significant guidance revisions and respective market reactions across its coverage.
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Read More on MAXN:
- SunPower ‘to work jointly’ with Maxeon Solar to resolve supply pact negotiations
- Maxeon Solar price target lowered to $28 from $34 at Raymond James
- Maxeon Solar (NASDAQ:MAXN) Plummets Amid Tough Macro Environment, Soft Outlook
- Maxeon Solar sees FY23 revenue $1.25B-$1.35B, consensus $1.51B
- Maxeon Solar sees Q3 revenue $280M-$320M, consensus $395.32M