DekaBank Deutsche Girozentrale Has $85,000 Stock Position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) by 95.6% in the fourth quarter, HoldingsChannel reports. The firm owned 11,444 shares of the company’s stock after selling 249,149 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Maxeon Solar Technologies were worth $85,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. grew its holdings in Maxeon Solar Technologies by 3.0% during the first quarter. Invesco Ltd. now owns 3,011,818 shares of the company’s stock worth $43,611,000 after purchasing an additional 87,838 shares during the period. BlackRock Inc. grew its holdings in Maxeon Solar Technologies by 35.2% during the second quarter. BlackRock Inc. now owns 1,902,209 shares of the company’s stock worth $53,566,000 after purchasing an additional 494,825 shares during the period. Schroder Investment Management Group grew its holdings in Maxeon Solar Technologies by 40.8% during the third quarter. Schroder Investment Management Group now owns 1,749,061 shares of the company’s stock worth $20,272,000 after purchasing an additional 506,633 shares during the period. Vanguard Group Inc. grew its holdings in Maxeon Solar Technologies by 366.9% during the third quarter. Vanguard Group Inc. now owns 1,016,171 shares of the company’s stock worth $11,777,000 after purchasing an additional 798,545 shares during the period. Finally, State Street Corp boosted its holdings in shares of Maxeon Solar Technologies by 2.7% during the first quarter. State Street Corp now owns 909,932 shares of the company’s stock worth $24,150,000 after acquiring an additional 23,642 shares during the period. Institutional investors own 47.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Mizuho reduced their price objective on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Roth Mkm reiterated a “neutral” rating and issued a $3.00 price target on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Raymond James cut Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 9th. Finally, UBS Group cut their price target on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating for the company in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.59.

Maxeon Solar Technologies Stock Up 7.9 %

Shares of MAXN opened at $2.11 on Thursday. Maxeon Solar Technologies, Ltd. has a one year low of $1.89 and a one year high of $38.91. The company has a market cap of $113.73 million, a P/E ratio of -0.58 and a beta of 1.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $5.25.

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.