Analysts Set Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) PT at $26,072.00

Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) have been assigned a consensus recommendation of “Strong Sell” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26,072.00.

Separately, Morgan Stanley reiterated an “underweight” rating and set a $4.00 target price on shares of Maxeon Solar Technologies in a report on Friday, November 15th.

Maxeon Solar Technologies Trading Down 5.8 %

Shares of Maxeon Solar Technologies stock opened at $6.45 on Friday. The business’s fifty day moving average price is $8.19 and its 200 day moving average price is $1,048.33. Maxeon Solar Technologies has a twelve month low of $4.98 and a twelve month high of $602.00. The stock has a market capitalization of $3.54 million, a P/E ratio of -0.01 and a beta of 1.35.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. XTX Topco Ltd lifted its stake in shares of Maxeon Solar Technologies by 343.8% in the third quarter. XTX Topco Ltd now owns 674,890 shares of the company’s stock worth $65,000 after acquiring an additional 522,830 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Maxeon Solar Technologies by 275.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,612 shares of the company’s stock valued at $72,000 after purchasing an additional 62,054 shares during the period. Point72 DIFC Ltd bought a new position in Maxeon Solar Technologies during the 2nd quarter worth $86,000. Verition Fund Management LLC bought a new stake in Maxeon Solar Technologies in the third quarter valued at $113,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Maxeon Solar Technologies during the third quarter valued at $204,000. 47.67% of the stock is owned by institutional investors and hedge funds.

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.