Maxeon Photo voltaic Applied sciences (MAXN) Scheduled to Put up Quarterly Earnings on Thursday

Maxeon Solar Technologies logoMaxeon Photo voltaic Applied sciences (NASDAQ:MAXN – Get Ranking) is scheduled to announce its earnings outcomes after the market closes on Thursday, August 18th. Analysts count on the corporate to announce earnings of ($1.66) per share for the quarter. Maxeon Photo voltaic Applied sciences has set its Q2 2022 steerage at EPS.Traders concerned about registering for the corporate’s convention name can accomplish that utilizing this hyperlink.

Maxeon Photo voltaic Applied sciences (NASDAQ:MAXN – Get Ranking) final introduced its earnings outcomes on Thursday, Could twenty sixth. The corporate reported ($1.45) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($1.43) by ($0.02). The enterprise had income of $223.08 million for the quarter, in comparison with analysts’ expectations of $213.39 million. Maxeon Photo voltaic Applied sciences had a unfavorable return on fairness of 71.89% and a unfavorable internet margin of 32.68%. Throughout the identical quarter final 12 months, the enterprise posted ($1.14) earnings per share. On common, analysts count on Maxeon Photo voltaic Applied sciences to publish $-5 EPS for the present fiscal 12 months and $-1 EPS for the subsequent fiscal 12 months.

Maxeon Photo voltaic Applied sciences Inventory Efficiency

Shares of MAXN opened at $22.14 on Tuesday. The corporate has a present ratio of 1.33, a fast ratio of 0.75 and a debt-to-equity ratio of 0.74. The agency has a market cap of $979.63 million, a PE ratio of -3.22 and a beta of 1.76. The corporate’s 50 day easy shifting common is $14.09 and its 200-day easy shifting common is $12.59. Maxeon Photo voltaic Applied sciences has a 12-month low of $7.48 and a 12-month excessive of $25.39.

Wall Road Analyst Weigh In

A number of fairness analysis analysts not too long ago weighed in on the corporate. Northland Securities assumed protection on Maxeon Photo voltaic Applied sciences in a report on Monday, August eighth. They set an “outperform” score and a $22.00 worth goal for the corporate. Raymond James decreased their worth goal on Maxeon Photo voltaic Applied sciences from $23.00 to $18.00 in a report on Friday, Could twenty seventh. Two funding analysts have rated the inventory with a maintain score and three have issued a purchase score to the inventory. Based mostly on knowledge from MarketBeat, Maxeon Photo voltaic Applied sciences presently has a consensus score of “Average Purchase” and a consensus worth goal of $18.80.

Institutional Traders Weigh In On Maxeon Photo voltaic Applied sciences

Quite a few hedge funds and different institutional buyers have not too long ago purchased and offered shares of the enterprise. Investnet Asset Administration Inc. lifted its holdings in Maxeon Photo voltaic Applied sciences by 13.6% within the first quarter. Investnet Asset Administration Inc. now owns 12,282 shares of the corporate’s inventory valued at $178,000 after buying an extra 1,468 shares through the interval. UBS Group AG lifted its holdings in Maxeon Photo voltaic Applied sciences by 66.1% within the first quarter. UBS Group AG now owns 20,769 shares of the corporate’s inventory valued at $301,000 after buying an extra 8,264 shares through the interval. Vident Funding Advisory LLC raised its stake in shares of Maxeon Photo voltaic Applied sciences by 36.2% through the 1st quarter. Vident Funding Advisory LLC now owns 37,881 shares of the corporate’s inventory price $549,000 after shopping for an extra 10,071 shares over the past quarter. Quantbot Applied sciences LP raised its stake in shares of Maxeon Photo voltaic Applied sciences by 1,609.4% through the 1st quarter. Quantbot Applied sciences LP now owns 11,402 shares of the corporate’s inventory price $165,000 after shopping for an extra 10,735 shares over the past quarter. Lastly, the California State Lecturers Retirement System raised its stake in shares of Maxeon Photo voltaic Applied sciences by 78.1% through the 1st quarter. California State Lecturers Retirement System now owns 25,843 shares of the corporate’s inventory price $374,000 after shopping for an extra 11,333 shares over the past quarter. Institutional buyers and hedge funds personal 40.55% of the corporate’s inventory.

About Maxeon Photo voltaic Applied sciences

(Get Ranking)

Maxeon Photo voltaic Applied sciences, Ltd. designs, manufactures, markets, and sells photo voltaic panels and associated photo voltaic system elements worldwide. The corporate gives interdigitated again contact and shingled photo voltaic cells and panels underneath the SunPower model. It affords its merchandise to sellers, undertaking builders, system integrators, distributors, resellers, and residential and small-scale business clients.

See Additionally

Earnings History for Maxeon Solar Technologies (NASDAQ:MAXN)

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