Published on 4 Apr 2024 on Zacks via Yahoo Finance
Maxeon Solar Technologies, Ltd. (MAXN) Outpaces Stock Market Gains: What You Should Know
Maxeon Solar Technologies, Ltd. (MAXN) closed the latest trading day at $2.93, indicating a +1.03% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.
The company's shares have seen a decrease of 23.68% over the last month, not keeping up with the Oils-Energy sector's gain of 8.5% and the S&P 500's gain of 1.5%.
The investment community will be closely monitoring the performance of Maxeon Solar Technologies, Ltd. in its forthcoming earnings report. It is anticipated that the company will report an EPS of -$0.99, marking a 315.22% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $227.6 million, showing a 28.5% drop compared to the year-ago quarter.