Bank of America Corp DE Sells 313,139 Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

Bank of America Corp DE cut its holdings in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) by 93.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,365 shares of the company’s stock after selling 313,139 shares during the period. Bank of America Corp DE owned approximately 3.88% of Maxeon Solar Technologies worth $161,000 at the end of the most recent reporting period.

Separately, Aristides Capital LLC acquired a new position in Maxeon Solar Technologies during the 4th quarter valued at about $258,000. Hedge funds and other institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Stock Performance

Shares of MAXN opened at $3.07 on Monday. The firm has a market capitalization of $1.69 million, a P/E ratio of -0.01 and a beta of 1.39. Maxeon Solar Technologies, Ltd. has a 52 week low of $2.49 and a 52 week high of $147.00. The stock has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $4.72.

Maxeon Solar Technologies 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.