Northland raised the firm’s price target on Maxeon Solar to $31 from $24 and keeps an Outperform rating on the shares following the company’s "solid Q4 beat" and positive 2023 guidance. Gross margins were better-than-expected and the company’s strategy "seems to be working and has more room to run," the analyst tells investors.
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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