Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Receives Consensus Rating of “Strong Sell” from Analysts

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has been assigned an average recommendation of “Strong Sell” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $26,072.00.

Separately, Morgan Stanley reiterated an “underweight” rating and issued a $4.00 price target on shares of Maxeon Solar Technologies in a report on Friday, November 15th.

Hedge Funds Weigh In On Maxeon Solar Technologies

Large investors have recently bought and sold shares of the business. XTX Topco Ltd increased its holdings in shares of Maxeon Solar Technologies by 343.8% in the 3rd quarter. XTX Topco Ltd now owns 674,890 shares of the company’s stock valued at $65,000 after acquiring an additional 522,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Maxeon Solar Technologies by 275.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,612 shares of the company’s stock valued at $72,000 after purchasing an additional 62,054 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Maxeon Solar Technologies in the second quarter valued at about $86,000. Verition Fund Management LLC bought a new position in Maxeon Solar Technologies in the third quarter worth about $113,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Maxeon Solar Technologies during the third quarter valued at about $204,000. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Price Performance

Maxeon Solar Technologies stock opened at $6.96 on Tuesday. The stock has a market cap of $3.82 million, a price-to-earnings ratio of -0.01 and a beta of 1.36. The firm has a 50-day moving average of $109.53 and a two-hundred day moving average of $3,999.85. Maxeon Solar Technologies has a 1 year low of $4.98 and a 1 year high of $779.99.

Maxeon Solar Technologies Company Profile

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers.