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Maxeon Solar Technologies ( (MAXN) ) has issued an update.
Maxeon Solar Technologies announced the termination of its relationship with Ernst & Young LLP as its independent registered public accounting firm, effective August 29, 2025. This decision, approved by the company’s audit committee, was not due to any disagreements on accounting principles or practices. The company plans to appoint Marcum Asia as its new auditor, pending shareholder approval at the 2025 annual general meeting. The reports from EY for the years ending December 31, 2024, and 2023 did not contain any adverse opinions, except for an explanatory paragraph regarding the company’s ability to continue as a going concern.
The most recent analyst rating on (MAXN) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on Maxeon Solar Technologies stock, see the MAXN Stock Forecast page.
Spark’s Take on MAXN Stock
According to Spark, TipRanks’ AI Analyst, MAXN is a Neutral.
Maxeon Solar Technologies is facing significant financial challenges, reflected in a low financial performance score. The technical analysis provides some positive momentum, offering a glimmer of short-term optimism. However, the negative valuation metrics emphasize the risks associated with the stock. The overall score reflects the need for caution given the financial instability and the absence of earnings guidance or notable corporate events.
To see Spark’s full report on MAXN stock, click here.
More about Maxeon Solar Technologies
Maxeon Solar Technologies is a company operating in the solar energy industry, focusing on the production and supply of solar panels and related technologies. The company is listed on NASDAQ under the ticker MAXN and is headquartered in Singapore.
Average Trading Volume: 194,263
Technical Sentiment Signal: Sell
Current Market Cap: $71.81M
For detailed information about MAXN stock, go to TipRanks’ Stock Analysis page.