Maxeon Solar Technologies (NASDAQ:MAXN – Free Report) had its price objective cut by Roth Mkm from $6.00 to $3.00 in a research note released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.
Several other analysts have also issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Maxeon Solar Technologies from $18.00 to $11.00 and set a buy rating for the company in a research note on Monday, December 18th. Mizuho cut their price target on shares of Maxeon Solar Technologies from $8.00 to $7.00 and set a neutral rating on the stock in a report on Tuesday, January 30th. UBS Group downgraded shares of Maxeon Solar Technologies from a neutral rating to a sell rating and cut their price target for the stock from $7.00 to $3.00 in a report on Friday, March 8th. Finally, Morgan Stanley cut their price target on shares of Maxeon Solar Technologies from $14.00 to $5.00 and set an equal weight rating on the stock in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Maxeon Solar Technologies currently has a consensus rating of Hold and a consensus target price of $7.25.
View Our Latest Report on MAXN
Maxeon Solar Technologies Stock Performance
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in Maxeon Solar Technologies by 13.6% during the first quarter. Envestnet Asset Management Inc. now owns 12,282 shares of the company’s stock valued at $178,000 after acquiring an additional 1,468 shares during the last quarter. Swiss National Bank lifted its stake in Maxeon Solar Technologies by 115.6% in the first quarter. Swiss National Bank now owns 58,000 shares of the company’s stock worth $840,000 after acquiring an additional 31,100 shares during the period. BlackRock Inc. lifted its position in Maxeon Solar Technologies by 25.3% during the first quarter. BlackRock Inc. now owns 1,237,591 shares of the company’s stock valued at $17,920,000 after buying an additional 249,530 shares during the period. Ergoteles LLC purchased a new position in Maxeon Solar Technologies during the first quarter valued at $254,000. Finally, Renaissance Technologies LLC purchased a new position in Maxeon Solar Technologies during the first quarter valued at $433,000. 47.67% of the stock is currently owned by institutional investors.
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.
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