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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News
- El Pollo Loco and Nutrien have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
- Maxeon Solar Technologies Announces Third Quarter 2024 Financial ResultsPR Newswire
- Thanksgiving week still brings business news [Yahoo! Finance]Yahoo! Finance
- Maxeon Solar Technologies restructures to focus on US market [Yahoo! Finance]Yahoo! Finance
- Maxeon Announces Restructuring of Business Portfolio [Yahoo! Finance]Yahoo! Finance
MAXN
Earnings
- 12/5/24 - Beat
MAXN
Sec Filings
- 12/10/24 - Form 6-K
- 12/5/24 - Form 6-K
- 12/2/24 - Form 6-K
- MAXN's page on the SEC website