Maxeon Solar Technologies (NASDAQ:MAXN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Maxeon Solar Technologies (NASDAQ:MAXN) to a hold rating in a research note published on Saturday morning.

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

Maxeon Solar Technologies Trading Up 5.3%

Shares of MAXN stock opened at $2.39 on Friday. The company has a market cap of $39.94 million, a PE ratio of -0.01 and a beta of 1.13. The company’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $3.24. Maxeon Solar Technologies has a 52 week low of $2.18 and a 52 week high of $4.97.

Hedge Funds Weigh In On Maxeon Solar Technologies

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

Maxeon Solar Technologies Company Profile

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.