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Maxeon Solar Board Reshuffles as TotalEnergies Pulls Back

Maxeon Solar Technologies (MAXN) has released an update. Maxeon Solar Technologies has announced changes to its Board of Directors, with the resign...

DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Maxeon

DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Maxeon DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Maxeon PR Newswire...

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Maxeon Solar Technologies, Ltd. - MAXN

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Maxeon Solar Technologies, Ltd. - MAXN SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class...

MAXN Investors Have the Opportunity to Lead Maxeon Solar Technologies, Ltd. Securities Fraud Lawsuit with the Schall Law Firm

MAXN Investors Have the Opportunity to Lead Maxeon Solar Technologies, Ltd. Securities Fraud Lawsuit with the Schall Law Firm MAXN Investors Have the Opportunity to Lead Maxeon Solar Technologies...

Solaris Renewables Fuels Growth and Delights Customers Through Partnership with Maxeon Solar Technologies

Solaris Renewables Fuels Growth and Delights Customers Through Partnership with Maxeon Solar Technologies Solaris Renewables Fuels Growth and Delights Customers Through Partnership with Maxeon Solar...

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Maxeon Solar Technologies, Ltd. (Maxeon or the Company) (NASDAQ: MAXN) for...

Maxeon Solar Technologies, Ltd. Sued for Securities Law Violations - Contact The Rosen Law Firm Before August 26, 2024 to Discuss Your Rights - MAXN

Maxeon Solar Technologies, Ltd. Sued for Securities Law Violations - Contact The Rosen Law Firm Before August 26, 2024 to Discuss Your Rights - MAXN Maxeon Solar Technologies, Ltd. Sued for...

Major US equity indices have been hitting record highs recently, led by rate cut optimism due to weak economic data. However, a churn has also been observed from the mega-cap stocks to the small-cap universe. At this crossroads, let’s take a look at some of the stocks that witnessed a significant jump in watchers over a one-week period.1. Trump Media &amp; Technology Group Corp: The number of watchers for the stock rose by 3,373 from last week. Shares of the firm, which is majority-owned by former President Donald Trump, have been gaining traction in recent days after a failed assassination attempt on the Republican candidate. The stock has gained nearly 25% in the last five days itself given that perceived chances of Trump’s re-election have increased significantly in the wake of the attack. Retail sentiment, however, is trending in bearish territory.<figure class="image"><img style="aspect-ratio:780/216;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_17_at_2_11_09_PM_f470208d0c.png" alt="Retail sentiment remains bearish on Trump Media &amp; Technology Group Corp" width="780" height="216"><figcaption>Retail sentiment remains bearish on Trump Media &amp; Technology Group Corp</figcaption></figure>2. NVIDIA Corp: The chip-maker witnessed 1,860 more watchers tracking the stock since last week. Shares of the firm fell over 6% on Wednesday, in line with other chip stocks, after a report indicated that the Biden administration may be considering tougher restrictions on China’s access to chip technology. Retail sentiment remained in the neutral zone (54/100) for the stock. Meanwhile, Donald Trump’s remarks on Taiwan, in which he stated the country should pay the U.S. for its defense, also did not bode well for chip stocks.3. Maxeon Solar Technologies: The stock witnessed an additional 1,514 watchers in the last seven days. Shares of the Singapore-based photovoltaic panel manufacturer were down nearly 4% on Wednesday. On a year-to-date basis, the stock has lost over 96% of its value. Recently, Mizuho reportedly cut its price target on the stock to $0.20 from $4 earlier while maintaining a ‘Neutral’ rating. According to a report, Maxeon Solar had secured new financing last month and expects a cash infusion in the second half of the year. It said this anticipated dilution led to the adjustment in the price target. Retail sentiment on the stock was trending in the bullish territory (56/100) as of midday Wednesday.<figure class="image"><img style="aspect-ratio:789/217;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_17_at_2_12_21_PM_ce9d1d646c.png" alt="Stocktwits sentiment trends in bullish zone for Maxeon Solar Technologies" width="789" height="217"><figcaption>Stocktwits sentiment trends in bullish zone for Maxeon Solar Technologies</figcaption></figure> &nbsp;

These Three Stocks Witnessed The Greatest Change In Watchers Over The Last Week

Trump Media & Technology Group Corp, NVIDIA Corp, and Maxeon Solar Technologies were among the stocks that saw the maximum addition of new watchers over the last week.

Equity

Trump Media & Technology Group Corp, NVIDIA Corp, and Maxeon Solar Technologies were among the stocks that saw the maximum addition of new watchers over the last week.


Maxeon Solar Technologies Ltd. has been in a freefall, with its stock price down a staggering 96.87% year-to-date compared to the S&amp;P 500's 18% gain. Despite this plunge, retail investors have shown surprising optimism, reflected in a moderately bullish Stocktwits sentiment score of 55/100. Notably, the stock has seen the highest weekly change in message volume over the past two weeks.<figure class="image"><img style="aspect-ratio:1274/744;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/MAXN_sentiment_meter_2024_ed5a8824b1.png" alt="MAXN historic sentiment meter " width="1274" height="744"><figcaption>MAXN historic sentiment meter&nbsp;</figcaption></figure>Just over six months ago, Maxeon's market cap exceeded $1.8 billion. Now, its value has plummeted to a mere $13.23 million. The stock has consistently traded below its 50-day moving average for over a month and exhibits an average daily trading volume of 5.9 million shares.<figure class="image"><img style="aspect-ratio:1322/592;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/MAXN_YTD_stock_drop_2024_966ec11d0f.png" alt="MAXN stock drop with Stocktwits message volume spike" width="1322" height="592"><figcaption>MAXN stock drop with Stocktwits message volume spike</figcaption></figure>In Q1 2024, the Singapore-based company reported a significant revenue decline to $187 million from $318.3 million a year earlier, citing challenging market conditions, rising borrowing costs, and regulatory shifts impacting demand.The company's situation worsened after issuing a "going concern" warning. Its main stakeholder, TCL Zhonghuan Renewable Energy Technologies, also announced a $197.5 million investment ($100 million in stock and $97.5 million in debt). This move, however, caused significant share dilution.&nbsp;It also faces multiple shareholder lawsuits alleging an undisclosed reliance on exclusive sales to SunPower. The broader solar energy sector has also faced headwinds recently, with slowing demand due to high interest rates. Sunnova shares have plunged over 54% year-to-date, while Enphase Energy, Sunrun, and SolarEdge have declined 14%, 21%, and 70%, respectively.Maxeon faces an additional challenge with a high short interest of nearly 78% of its free float, indicating significant bearish sentiment from institutions. This high short interest could potentially lead to a short squeeze, similar to those seen with meme stocks, but the stock lacks a clear catalyst to initiate that type of move.Interestingly, Stocktwits activity suggests that many retail investors remain optimistic about Maxeon's potential, citing factors like the planned $1 billion New Mexico plant construction bolstered by the Inflation Reduction Act.One such bullish voice, user <a href="https://stocktwits.com/NachoTheBull/message/579519515">NachoTheBull</a>, expressed optimism: "Huge catalyst if they break ground on the new factory in NM. I'm also banking on a turnaround in the solar industry with upcoming interest rate cuts. Yes, it's still a gamble, but I believe the company is oversold and has significant upside potential."<figure class="image"><a href="https://stocktwits.com/NachoTheBull/message/579519515"><img style="aspect-ratio:1316/722;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/MAXN_user_comment_Jul_15_5afc2a41f1.png" alt="Stocktwits user NachoTheBull's post on MAXN symbol stream." width="1316" height="722"></a><figcaption>Stocktwits user NachoTheBull's post on MAXN symbol stream.</figcaption></figure> &nbsp;

Bullish On Battered Solar Stock? Retail Investors Bet On Brighter Days For Maxeon

Maxeon's stock price craters, yet retail investors remain optimistic on a handful of factors

Maxeon's stock price craters, yet retail investors remain optimistic due to a planned New Mexico factory and potential solar industry upswing.

Maxeon Solar Technologies Ltd. engages in the manufacturer and marketer of premium solar power technology. Its products include Maxeon Line of IBC solar cells and panels, and the Performance Line of shingled solar cells and panels. The firm owns and operates solar cell and panel manufacturing facilities located in France, Malaysia, Mexico and the Philippines, as well as participate in a joint venture in China with TZS. The company was founded in 2019 and is headquartered in Singapore.

Volume	30.38M
52-Wk High	$24.77
52-Wk Low	$0.1668

MAXN Maxeon Solar Technologies Ltd

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