5 Cheap Solar Stocks To Buy According To Analysts

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1. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

Average analyst price target: $18

Average analyst price target upside as of November 6: 201.51%

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) is a Singapore-based company that manufactures and sells solar panels and related components.

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)’s stock was owned by 20 hedge funds in the second quarter of 2023, the same as the previous quarter. However, hedge funds increased their investments in the company by a significant margin in Q2. The company’s biggest stakeholder, LMR Partners, increased its stake in the company by 1065%. Furthermore, D E Shaw and Marshall Wace LLP increased their holdings by 1801% and 890%, respectively. The total hedge fund investments in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) increased to $281.020 million in Q2 from $120.622 million in Q1.

With an average analyst price target upside of over 200%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) tops our list of cheap solar stocks to buy according to analysts.

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