Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Free Report) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 701,521 shares, a decline of 37.8% from the April 15th total of 1,128,495 shares. Based on an average daily volume of 767,678 shares, the short-interest ratio is currently 0.9 days. Currently, 4.2% of the shares of the company are short sold.
Maxeon Solar Technologies Stock Performance
NASDAQ MAXN remained flat at $0.76 on Monday. The firm’s fifty day simple moving average is $1.45 and its two-hundred day simple moving average is $2.46. Maxeon Solar Technologies has a one year low of $0.67 and a one year high of $4.97. The firm has a market cap of $12.69 million, a PE ratio of 0.00 and a beta of 1.26.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MAXN. Wall Street Zen raised Maxeon Solar Technologies to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Hedge Funds Weigh In On Maxeon Solar Technologies
A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new position in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 47.67% of the company’s stock.
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.
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