
MAXN Stock Forecast & Price Target
MAXN Analyst Ratings
Bulls say
Maxeon Solar Technologies Ltd is poised for growth, driven by an expected increase in pricing in 2024, resulting from the shipment of orders booked during 2022. The company's strategic restructuring aims to enhance operating efficiency and align resources with global objectives, which is critical for improving its overall cost structure. Additionally, Maxeon's expansion plans in international markets, alongside a significant capacity increase at its Albuquerque facility, position the company to capitalize on demand while potentially mitigating currency risk as international sales grow.
Bears say
Maxeon Solar Technologies Ltd has issued a Q4 capital expenditure guidance of $10-20 million, significantly lower than previous estimates of $55 million, reflecting a strategic decision to convert existing manufacturing capacity. The company also anticipates a gross profit shortfall for Q4'23, projecting a range of $(15)-(5) million, which is below earlier expectations. Additionally, Maxeon's outlook for Q4 and 2024 appears weak, with a projected revenue of $220-260 million falling short of consensus estimates, leading to a reduction in core EPS forecasts to -$3.06.
This aggregate rating is based on analysts' research of Maxeon Solar Technologies and is not a guaranteed prediction by Public.com or investment advice.
MAXN Analyst Forecast & Price Prediction
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