Maxeon Solar Technologies (NASDAQ:MAXN – Free Report) had its price objective decreased by Roth Mkm from $6.00 to $3.00 in a research report report published on Tuesday morning, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.
Other analysts also recently issued research reports about the stock. Morgan Stanley cut their price target on shares of Maxeon Solar Technologies from $14.00 to $5.00 and set an equal weight rating for the company in a report on Friday, December 8th. The Goldman Sachs Group cut their price target on shares of Maxeon Solar Technologies from $18.00 to $11.00 and set a buy rating for the company in a report on Monday, December 18th. UBS Group downgraded shares of Maxeon Solar Technologies from a neutral rating to a sell rating and cut their price target for the stock from $7.00 to $3.00 in a report on Friday, March 8th. Finally, Mizuho dropped their target price on shares of Maxeon Solar Technologies from $8.00 to $7.00 and set a neutral rating for the company in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $7.25.
Check Out Our Latest Stock Report on MAXN
Maxeon Solar Technologies Trading Up 1.8 %
Hedge Funds Weigh In On Maxeon Solar Technologies
Several institutional investors have recently modified their holdings of MAXN. Vanguard Group Inc. grew its stake in shares of Maxeon Solar Technologies by 366.9% in the third quarter. Vanguard Group Inc. now owns 1,016,171 shares of the company’s stock worth $11,777,000 after acquiring an additional 798,545 shares in the last quarter. Driehaus Capital Management LLC grew its stake in shares of Maxeon Solar Technologies by 207.1% in the second quarter. Driehaus Capital Management LLC now owns 1,097,612 shares of the company’s stock worth $30,909,000 after acquiring an additional 740,252 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Maxeon Solar Technologies by 889.6% in the second quarter. Marshall Wace LLP now owns 634,698 shares of the company’s stock worth $17,873,000 after acquiring an additional 570,563 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Maxeon Solar Technologies by 1,153.9% in the first quarter. Two Sigma Investments LP now owns 576,084 shares of the company’s stock worth $15,289,000 after acquiring an additional 530,139 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Maxeon Solar Technologies by 40.8% in the third quarter. Schroder Investment Management Group now owns 1,749,061 shares of the company’s stock worth $20,272,000 after acquiring an additional 506,633 shares in the last quarter. Institutional investors and hedge funds 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.
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