Maxeon Solar Technologies (NASDAQ:MAXN – Get Free Report) had its price objective cut by equities research analysts at Raymond James from $20.00 to $10.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 63.93% from the stock’s current price.
Other equities analysts have also issued reports about the stock. UBS Group assumed coverage on shares of Maxeon Solar Technologies in a research report on Monday, October 2nd. They set a “neutral” rating and a $13.00 target price on the stock. The Goldman Sachs Group dropped their price target on Maxeon Solar Technologies from $33.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, October 11th. Northland Securities downgraded Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $25.00 to $7.00 in a report on Thursday. Morgan Stanley dropped their target price on shares of Maxeon Solar Technologies from $22.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 17th. Finally, Roth Mkm lowered shares of Maxeon Solar Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $10.00 in a report on Wednesday, October 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.43.
Maxeon Solar Technologies Trading Down 1.3 %
Institutional Trading of Maxeon Solar Technologies
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in Maxeon Solar Technologies in the first quarter valued at about $27,000. Metropolitan Life Insurance Co NY purchased a new stake in Maxeon Solar Technologies during the 2nd quarter worth approximately $39,000. Ameritas Investment Partners Inc. purchased a new position in shares of Maxeon Solar Technologies in the second quarter worth $59,000. Firsthand Capital Management Inc. purchased a new position in shares of Maxeon Solar Technologies in the second quarter worth $70,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Maxeon Solar Technologies during the second quarter worth $91,000.
About Maxeon Solar Technologies
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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