Maxeon Solar Technologies (NASDAQ:MAXN) Rating Increased to Hold at Wall Street Zen

Maxeon Solar Technologies (NASDAQ:MAXN) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

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

Maxeon Solar Technologies Stock Down 1.7%

Shares of Maxeon Solar Technologies stock opened at $2.27 on Friday. Maxeon Solar Technologies has a 52 week low of $2.18 and a 52 week high of $4.97. The business’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $3.26. The firm has a market cap of $37.93 million, a PE ratio of -0.01 and a beta of 1.13.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new stake in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies at the end of the most recent reporting period. 47.67% of the stock is 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.