Published on 28 Mar 2024 on Zacks via Yahoo Finance
Why Maxeon Solar Technologies, Ltd. (MAXN) Outpaced the Stock Market Today
Maxeon Solar Technologies, Ltd. (MAXN) closed the most recent trading day at $3.33, moving +1.83% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 0.12%.
Prior to today's trading, shares of the company had lost 22.51% over the past month. This has lagged the Oils-Energy sector's gain of 5.98% and the S&P 500's gain of 3.55% in that time.
The upcoming earnings release of Maxeon Solar Technologies, Ltd. will be of great interest to investors. The company is expected to report EPS of -$2.06, down 11.96% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $241.83 million, indicating a 25.25% decrease compared to the same quarter of the previous year.