Morgan Stanley just downgraded these three solar stocks [Yahoo! Finance]
Maxeon Solar Technologies, Ltd. - Ordinary Shares (MAXN)
Company Research
Source: Yahoo! Finance
The downgrades, targeting SolarEdge (NASDAQ:SEDG), Maxeon Solar Technologies Ltd (NASDAQ:MAXN), and TPI Composites (NASDAQ:TPIC), are paired with sharply reduced price targets. For SolarEdge, the price target was slashed to $9 from $23, marking a potential downside of 30%. Morgan Stanley analysts highlight prolonged weakness in European demand due to falling power prices and policy changes, coupled with aggressive competition from low-cost Chinese manufacturers. They believe these factors “pose a risk to SEDG's path back to strong run-rate margins and sustainable cash generation.” Moreover, the company faces a $346 million debt maturity in September 2025, “which if not executed near-perfectly, could result in a significant liquidity crunch,” analysts added. For Maxeon, Morgan Stanley sets a price target of $4. The downgrade comes amid concerns over high competition in Europe, customer attrition in the US, and uncertainties surrounding Department of Energy (DOE) funding for
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MAXN
News
- Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) had its "underweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $4.00 price target on the stock.MarketBeat
- Maxeon Provides Update on CBP Detention of its Solar Panels [Yahoo! Finance]Yahoo! Finance
- Maxeon Provides Update on CBP Detention of its Solar PanelsPR Newswire
- Maxeon Announces CEO Leadership Transition [Yahoo! Finance]Yahoo! Finance
- Maxeon Announces CEO Leadership TransitionPR Newswire
MAXN
Earnings
- 9/3/24 - Beat
MAXN
Sec Filings
- 11/14/24 - Form 6-K
- 11/13/24 - Form SC
- 11/13/24 - Form S-8
- MAXN's page on the SEC website