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.
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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
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- Maxeon Solar reports Q2 EPS (3c), consensus (8c)
- Maxeon Solar choses Albuquerque, New Mexico for manufacturing expansion