Maxeon Solar Technologies (NASDAQ:MAXN) Stock Rating Upgraded by Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maxeon Solar Technologies has an average rating of “Sell”.

Maxeon Solar Technologies Stock Down 1.7%

Shares of NASDAQ:MAXN opened at $2.27 on Friday. The company’s fifty day moving average is $2.82 and its two-hundred day moving average is $3.25. The company has a market cap of $37.93 million, a P/E ratio of -0.01 and a beta of 1.13. Maxeon Solar Technologies has a 12-month low of $2.18 and a 12-month high of $4.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Company Profile

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.