Why Maxeon Solar Technologies Stock Just Crashed 12%
Shares of Maxeon Solar Technologies (NASDAQ: MAXN) have had their share of ups and downs -- but mostly downs -- since the company's widely publicized spinoff from parent company SunPower in late August.
On spinoff day, Maxeon shares closed at $19, but by late September, they had lost more than a third of their value. As recently as Monday, Maxeon appeared to be back on an uptrend, and was approaching $22 a share -- but today, it no longer looks like the stock is going to get there after all.
Maxeon stock is down 12.2% as of 11 a.m. EDT -- and Goldman Sachs is to blame.
Source Fool.com