Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Sees Significant Decline in Short Interest

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 701,521 shares, a decrease of 37.8% from the April 15th total of 1,128,495 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 767,678 shares, the days-to-cover ratio is presently 0.9 days.

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 position in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Stock Performance

MAXN stock remained flat at $0.76 during mid-day trading on Friday. The firm has a fifty day moving average of $1.48 and a 200-day moving average of $2.49. Maxeon Solar Technologies has a 52-week low of $0.67 and a 52-week high of $4.97. The company has a market capitalization of $12.69 million, a price-to-earnings ratio of 0.00 and a beta of 1.26.

Analyst Ratings Changes

Several brokerages have recently commented on MAXN. Wall Street Zen raised Maxeon Solar Technologies to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Maxeon Solar Technologies has an average rating of “Sell”.

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.