Under the all-stock deal, Sayona is offering a 6% premium based on Monday’s closing prices.
The four-year contract will provide the U.S. Navy certain satellite communications modems, upgrade kits, firmware, and technical support.
Maxeon, along with its peers in the renewable energy space, has faced heavy selling pressure since the recent U.S. election.
Retail sentiment on the stock turned ‘extremely bullish’ from ‘bullish’ a day ago.
Retail sentiment on the company inched up on Monday, rising to ‘bullish’ (67/100) from ‘neutral’ (46/100) a day ago.
Earnings per share for Q3 came in at $1.37, compared to consensus estimates of $0.10.
Check out these three micro-cap stocks that show big-time potential upside, but also pose face large obstacles to achieving success.