Published on 24 Feb 2024 on Zacks via Yahoo Finance

Maxeon Solar Technologies, Ltd. (MAXN) Stock Drops Despite Market Gains: Important Facts to Note

The most recent trading session ended with Maxeon Solar Technologies, Ltd. (MAXN) standing at $4.18, reflecting a -0.48% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.04%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.28%.

Prior to today's trading, shares of the company had lost 13.93% over the past month. This has lagged the Oils-Energy sector's gain of 6.05% and the S&P 500's gain of 5.01% in that time.

Investors will be eagerly watching for the performance of Maxeon Solar Technologies, Ltd. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$2.06, showcasing a 11.96% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $241.83 million, indicating a 25.25% decline compared to the corresponding quarter of the prior year.