Raymond James analyst Pavel Molchanov lowered the firm’s price target on Maxeon Solar to $28 from $34 and keeps an Outperform rating on the shares. The stock is pricing in only slight credit for the 2025+ uplift in profitability from the yet-to-be-financed plan to establish a U.S. manufacturing footprint in order to benefit from the Section 45X incentive, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MAXN:
- 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
- Maxeon Solar reports Q2 EPS (3c), consensus (8c)
- Maxeon Solar choses Albuquerque, New Mexico for manufacturing expansion