Roth MKM analyst Philip Shen raised the firm’s price target on Maxeon Solar to $21 from $19 and keeps a Neutral rating on the shares. Maxeon (MAXN) delivered a positive margin in Q4 for the first time since spinning off from SunPower (SPWR), the analyst tells investors in a research note. The firm is "encouraged" with the progress management is making.
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Published first on TheFly
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Read More on MAXN:
- Maxeon Solar price target raised to $24 from $22 at Raymond James
- Maxeon Solar sees F23 revenue $1.350B-$1.550B, consensus $1.57B
- Maxeon Solar sees Q1 revenue $305M-$345M, consensus $309.53M
- Maxeon Solar reports Q4 EPS ($1.84), consensus ($1.27)
- Maxeon Solar Technologies options imply 8.3% move in share price post-earnings