Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Given Average Rating of “Hold” by Brokerages

Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) have received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.59.

Several brokerages recently weighed in on MAXN. UBS Group decreased their price objective on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating for the company in a report on Tuesday, April 9th. Mizuho cut their target price on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. The Goldman Sachs Group cut their target price on Maxeon Solar Technologies from $18.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, December 18th. Roth Mkm restated a “neutral” rating and issued a $3.00 target price on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Finally, Raymond James downgraded Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 9th.

Maxeon Solar Technologies Trading Down 7.1 %

Shares of MAXN opened at $1.97 on Thursday. The business has a 50-day moving average of $3.75 and a 200 day moving average of $5.34. Maxeon Solar Technologies has a fifty-two week low of $1.91 and a fifty-two week high of $38.91. The firm has a market cap of $106.18 million, a P/E ratio of -0.54 and a beta of 1.46. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.88 and a current ratio of 1.62.

Institutional Trading of Maxeon Solar Technologies

Large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Maxeon Solar Technologies during the 1st quarter valued at about $27,000. Exchange Traded Concepts LLC bought a new stake in Maxeon Solar Technologies in the 3rd quarter worth approximately $43,000. North Star Investment Management Corp. lifted its position in Maxeon Solar Technologies by 37.9% in the 4th quarter. North Star Investment Management Corp. now owns 8,000 shares of the company’s stock worth $57,000 after buying an additional 2,200 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Maxeon Solar Technologies in the 2nd quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC lifted its position in Maxeon Solar Technologies by 177.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,858 shares of the company’s stock worth $68,000 after buying an additional 3,744 shares during the last quarter. Institutional investors own 47.67% of the company’s stock.

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.