Maxeon Solar Technologies (NASDAQ:MAXN) Raised to “Hold” at Wall Street Zen

Maxeon Solar Technologies (NASDAQ:MAXN) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Maxeon Solar Technologies Price Performance

NASDAQ MAXN opened at $2.27 on Friday. The stock’s 50 day simple moving average is $2.82 and its 200-day simple moving average is $3.26. The company has a market cap of $37.93 million, a PE ratio of -0.01 and a beta of 1.13. Maxeon Solar Technologies has a 1-year low of $2.18 and a 1-year high of $4.97.

Institutional Trading of Maxeon Solar Technologies

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

About Maxeon Solar Technologies

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.