Why Maxeon Solar Technologies (MAXN) Stock Is Exploding Higher

Maxeon Solar Technologies Ltd MAXN shares are trading higher by 15.8% to $6.61 during Monday’s session. The company announced changes to its CFO position.

What To Know: Maxeon Solar Technologies has appointed Dimitri Hu as its new CFO, with Ken Olson, the current interim CFO, transitioning to Deputy CFO.

The company says Hu brings extensive leadership experience, previously serving in key financial and executive roles at TCL Industries, where he led various strategic initiatives, including restructuring TCL Smart Home Appliances as Chairman.

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How To Buy MAXN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Maxeon Solar Technologies’ case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, MAXN has a 52-week high of $779.99 and a 52-week low of $4.98.