Maxeon Solar Technologies Target of Unusually High Options Trading (NASDAQ:MAXN)

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of some unusual options trading on Friday. Investors bought 4,454 call options on the stock. This is an increase of approximately 85% compared to the average volume of 2,413 call options.

Analyst Ratings Changes

Several equities analysts have recently commented on MAXN shares. Roth Mkm reaffirmed a “neutral” rating and issued a $3.00 price target on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Mizuho decreased their target price on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. UBS Group decreased their target price on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating on the stock in a research note on Tuesday, April 9th. Finally, Raymond James lowered Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Maxeon Solar Technologies has an average rating of “Hold” and an average target price of $6.59.

Institutional Investors Weigh In On Maxeon Solar Technologies

A number of hedge funds have recently bought and sold shares of MAXN. Exchange Traded Concepts LLC purchased a new position in shares of Maxeon Solar Technologies in the 3rd quarter valued at about $43,000. North Star Investment Management Corp. increased its holdings in shares of Maxeon Solar Technologies by 37.9% in the 4th quarter. North Star Investment Management Corp. now owns 8,000 shares of the company’s stock valued at $57,000 after acquiring an additional 2,200 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Maxeon Solar Technologies by 93.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,338 shares of the company’s stock valued at $81,000 after acquiring an additional 5,480 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Maxeon Solar Technologies in the 4th quarter valued at about $100,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Maxeon Solar Technologies in the 4th quarter valued at about $108,000. Institutional investors and hedge funds own 47.67% of the company’s stock.

Maxeon Solar Technologies Price Performance

MAXN stock opened at $2.09 on Friday. 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 firm has a market capitalization of $112.65 million, a P/E ratio of -0.58 and a beta of 1.46. The business’s 50-day moving average is $3.16 and its two-hundred day moving average is $4.85. Maxeon Solar Technologies has a 1 year low of $1.71 and a 1 year high of $38.91.

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.