Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Sees Large Drop in Short Interest

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of a significant decline in short interest in 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. Approximately 4.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned about 1.99% of Maxeon Solar Technologies as of its most recent filing with the SEC. 47.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MAXN. Weiss Ratings reissued a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research note on Thursday, January 22nd. Wall Street Zen raised Maxeon Solar Technologies to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Maxeon Solar Technologies Stock Performance

Shares of MAXN remained flat at $0.76 during midday trading on Tuesday. Maxeon Solar Technologies has a twelve month low of $0.67 and a twelve month high of $4.97. The company’s 50-day moving average price is $1.45 and its two-hundred day moving average price is $2.46. The stock has a market cap of $12.69 million, a P/E ratio of 0.00 and a beta of 1.26.

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.