MAXN Stock Summary and Trading Ideas (Maxeon Solar Technologies Ltd. - | NASDAQ:MAXN)

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and others.

Maxeon Solar Technologies Ltd. - trades on the NASDAQ stock market under the symbol MAXN.

As of October 31, 2024, MAXN stock price climbed to $9.23 with 2,814,517 million shares trading.

MAXN has a beta of 2.47, meaning it tends to be more sensitive to market movements. MAXN has a correlation of 0.03 to the broad based SPY ETF.

MAXN has a market cap of $141.05 million. This is considered a Micro Cap stock.

Last quarter Maxeon Solar Technologies Ltd. - reported $184 million in Revenue and $.00 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.01.

In the last 3 years, MAXN traded as high as $3,891.00 and as low as $4.98.

The top ETF exchange traded funds that MAXN belongs to (by Net Assets): PRFZ, IWC, CCSO.

MAXN has underperformed the market in the last year with a return of -98.5%, while the SPY ETF gained +38.5%. In the last 3 month period, MAXN fell short of the market, returning -48.8%, while SPY returned +5.2%. However, in the most recent 2 weeks MAXN has outperformed the stock market by returning +52.2%, while SPY returned -2.3%.

MAXN support price is $7.72 and resistance is $9.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAXN shares will trade within this expected range on the day.