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

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) has earned a consensus rating of “Strong Sell” from the eight research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26,072.00.

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

Maxeon Solar Technologies Price Performance

Shares of MAXN stock opened at $6.85 on Friday. The stock’s 50-day moving average is $8.31 and its 200 day moving average is $1,130.04. Maxeon Solar Technologies has a 1-year low of $4.98 and a 1-year high of $602.00. The company has a market cap of $3.76 million, a P/E ratio of -0.01 and a beta of 1.35.

Institutional Investors Weigh In On Maxeon Solar Technologies

Institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its position in shares of Maxeon Solar Technologies by 343.8% in the 3rd quarter. XTX Topco Ltd now owns 674,890 shares of the company’s stock valued at $65,000 after purchasing an additional 522,830 shares during the last quarter. Cowen AND Company LLC acquired a new position in Maxeon Solar Technologies during the 2nd quarter valued at approximately $760,000. Verition Fund Management LLC acquired a new position in Maxeon Solar Technologies during the 3rd quarter valued at approximately $113,000. GSA Capital Partners LLP purchased a new position in shares of Maxeon Solar Technologies in the third quarter worth $204,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Maxeon Solar Technologies during the second quarter worth $86,000. Institutional investors and hedge funds own 47.67% of the company’s stock.

About Maxeon Solar Technologies

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.