Maxeon Solar Technologies (NASDAQ:MAXN) Shares Down 1.1% – Here’s What Happened

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) shares fell 1.1% during mid-day trading on Friday . The stock traded as low as $2.46 and last traded at $2.61. 62,529 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 268,107 shares. The stock had previously closed at $2.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 data from MarketBeat, Maxeon Solar Technologies currently has an average rating of “Sell”.

Maxeon Solar Technologies Stock Performance

The firm’s 50-day moving average is $3.03 and its two-hundred day moving average is $3.49. The stock has a market cap of $1.44 million, a P/E ratio of -0.02 and a beta of 1.01.

Institutional Trading of Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp purchased a new stake in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies as of its most recent SEC filing. Institutional investors and hedge funds 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.