Analysts on Wall Street Lower Ratings for These 5 Stocks

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01. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

Price Reaction after the Downgrade: -0.1500 (-4.0650%)

On March 8, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN), a significant player in the renewable energy industry, encountered a noteworthy development in the stock market. UBS Group, a reputable financial institution, adjusted its rating on Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) from “Neutral” to “Sell,” while reducing the price target from $7.00 to $3.00. This adjustment indicates a shift in the perception of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) performance and potential within the renewable energy sector. Following this downgrade, the market price of Maxeon Solar Technologies experienced a notable decline of 4.0650% by the closing bell on March 11, settling at $3.25. This adjustment in market value reflects investor reaction to UBS Group’s updated stance, suggesting a more pessimistic outlook on Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) future prospects in the renewable energy landscape.

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