Is Maxeon Solar Technologies Ltd (MAXN) Stock Worth a Buy?

Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last twelve month, and also the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN equip a score of 30 out of a feasible 100.

That rank is largely affected by a short-term technical rating of 1. MAXN’s ranking additionally consists of a lasting technological score of 37. The basic rating for MAXN is 50. In addition to the typical score from Wall Street experts, MAXN stock has a mean target price of $18.13. This suggests analysts anticipate the stock to raise 67.51% over the next one year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Indicators Arrangements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar advancement as well as channels, today introduced that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire as much as 315MW of Performance line components to power several solar jobs in both Washington as well as Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to satisfy this goal as we move on with further growth opportunities. Having a strong component companion at this time with a solid manufacturing presence offers our organization with the comfort needed to transform our emphasis to a smooth task implementation strategy.”.

” We believe that the U.S. solar market is positioned for proceeded strong development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This bargain validates Maxeon’s solid placement as a significant component provider right into the large and expanding united state energy range market. We are pleased to be more reinforcing our relationship with key strategic partners like Cypress Creek Renewables and also we anticipate proceeding help power their growth in the United States.”.

CCR’s nuclear power plant tasks will be provided from Maxeon’s recently increased Performance line module capacity developed to serve the U.S. solar power plant market with groundbreaking high-efficiency bifacial items that enhance consumer levelized price of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon layouts and produces Maxeon ® and also SunPower ® brand photovoltaic panels, as well as has sales operations in more than 100 countries, running under the SunPower brand in specific nations outside the United States. The business is a leader in solar technology with access to over 1,000 patents and also two best-in-class photovoltaic panel product lines. Maxeon products span the worldwide roof as well as solar energy plant markets through a network of greater than 1,400 trusted companions as well as suppliers.

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