Maxeon Solar Technologies (MAXN) to Release Quarterly Earnings on Friday

Maxeon Solar Technologies (NASDAQ:MAXN - Get Free Report) will release its earnings data on Friday, March 22nd.

Maxeon Solar Technologies Stock Performance

Shares of NASDAQ MAXN traded down $0.03 during trading on Thursday, reaching $3.30. 1,800,170 shares of the stock traded hands, compared to its average volume of 2,257,096. Maxeon Solar Technologies has a 52-week low of $2.88 and a 52-week high of $38.91. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.62 and a quick ratio of 0.88. The company has a 50-day moving average of $4.48 and a 200-day moving average of $6.76. The stock has a market capitalization of $177.87 million, a P/E ratio of -0.95 and a beta of 1.50.

Hedge Funds Weigh In On Maxeon Solar Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of Maxeon Solar Technologies during the first quarter valued at approximately $27,000. Ameritas Investment Partners Inc. purchased a new position in shares of Maxeon Solar Technologies during the second quarter valued at approximately $59,000. Tower Research Capital LLC TRC increased its stake in shares of Maxeon Solar Technologies by 177.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,858 shares of the company's stock valued at $68,000 after buying an additional 3,744 shares during the period. Nebula Research & Development LLC purchased a new position in shares of Maxeon Solar Technologies during the fourth quarter valued at approximately $137,000. Finally, Advisor Group Holdings Inc. increased its stake in shares of Maxeon Solar Technologies by 25.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 9,943 shares of the company's stock valued at $160,000 after buying an additional 2,027 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MAXN shares. Mizuho dropped their price objective on Maxeon Solar Technologies from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, January 30th. UBS Group cut Maxeon Solar Technologies from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $7.00 to $3.00 in a report on Friday, March 8th. Morgan Stanley dropped their price objective on Maxeon Solar Technologies from $14.00 to $5.00 and set an "equal weight" rating on the stock in a report on Friday, December 8th. Finally, The Goldman Sachs Group lowered their price target on Maxeon Solar Technologies from $18.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.63.

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.