Maxeon Solar Technologies (NASDAQ:MAXN) Stock Price Down 1.1% – Here’s What Happened

by · The Cerbat Gem

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Free Report)’s stock price was down 1.1% on Friday . The stock traded as low as $2.46 and last traded at $2.61. Approximately 62,529 shares were traded during trading, a decline of 77% from the average daily volume of 268,107 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on Maxeon Solar Technologies

Maxeon Solar Technologies Stock Performance

The firm has a market capitalization of $1.44 million, a PE ratio of -0.02 and a beta of 1.01. The business’s fifty day simple moving average is $3.03 and its 200-day simple moving average is $3.49.

Institutional Investors Weigh In On Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new stake in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned about 1.99% of Maxeon Solar Technologies as of its most recent SEC filing. 47.67% of the stock is currently owned by hedge funds and other institutional investors.

Maxeon Solar Technologies Company Profile

(Get Free Report)

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.

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