Brokerages Set Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Target Price at $26,072.00

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has been given a consensus rating of “Strong Sell” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $26,072.00.

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

Hedge Funds Weigh In On Maxeon Solar Technologies

Several large investors have recently modified their holdings of MAXN. GSA Capital Partners LLP acquired a new stake in shares of Maxeon Solar Technologies during the 3rd quarter worth about $204,000. Verition Fund Management LLC purchased a new position in Maxeon Solar Technologies during the third quarter worth about $113,000. Electron Capital Partners LLC boosted its stake in Maxeon Solar Technologies by 806.5% during the second quarter. Electron Capital Partners LLC now owns 1,083,762 shares of the company’s stock worth $924,000 after buying an additional 964,211 shares during the period. Cowen AND Company LLC acquired a new stake in shares of Maxeon Solar Technologies during the second quarter valued at about $760,000. Finally, XTX Topco Ltd raised its stake 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. Institutional investors and hedge funds own 47.67% of the company’s stock.

Maxeon Solar Technologies Stock Performance

NASDAQ MAXN opened at $7.71 on Friday. Maxeon Solar Technologies has a fifty-two week low of $4.98 and a fifty-two week high of $602.50. The firm has a market capitalization of $4.23 million, a P/E ratio of -0.01 and a beta of 1.35. The stock’s fifty day moving average is $8.32 and its two-hundred day moving average is $1,210.43.

About Maxeon Solar Technologies

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.