Maxeon Solar Technologies (NASDAQ:MAXN) Risks Delisting As Shares Crumble
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Maxeon Solar Technologies (NASDAQ: MAXN) faces potential delisting from the Nasdaq due to a significant drop in share prices, which fell over 8% recently. Current share valuations are dangerously low, and the company must rectify this by February 10, 2025, to avoid removal. Compounding issues include a key customer, SunPower Corp., filing for bankruptcy and delays in the construction of a critical project in New Mexico. Analysts hold a Moderate Sell rating on MAXN, with a target price implying substantial upside potential despite a dramatic decline in share value over the past year.
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