XTX Topco Ltd Grows Position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

XTX Topco Ltd boosted its stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) by 343.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 674,890 shares of the company’s stock after acquiring an additional 522,830 shares during the period. XTX Topco Ltd owned 122.93% of Maxeon Solar Technologies worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in shares of Maxeon Solar Technologies during the third quarter valued at about $113,000. GSA Capital Partners LLP purchased a new stake in Maxeon Solar Technologies during the third quarter valued at approximately $204,000. Electron Capital Partners LLC lifted its stake in shares of Maxeon Solar Technologies by 806.5% in the 2nd quarter. Electron Capital Partners LLC now owns 1,083,762 shares of the company’s stock valued at $924,000 after purchasing an additional 964,211 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Maxeon Solar Technologies in the 2nd quarter worth approximately $86,000. Finally, Cowen AND Company LLC bought a new position in shares of Maxeon Solar Technologies during the 2nd quarter valued at approximately $760,000. 47.67% of the stock is currently owned by institutional investors.

Maxeon Solar Technologies Trading Up 12.3 %

NASDAQ:MAXN opened at $7.40 on Friday. The stock has a fifty day simple moving average of $7.81 and a 200-day simple moving average of $2,363.93. The company has a market cap of $4.06 million, a price-to-earnings ratio of -0.01 and a beta of 1.36. Maxeon Solar Technologies, Ltd. has a twelve month low of $4.98 and a twelve month high of $779.99.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley restated an “underweight” rating and issued a $4.00 price target on shares of Maxeon Solar Technologies in a research report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $26,072.00.

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.