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

Maxeon Solar Technologies Ltd MAXN stock prediction is lower by -67.74% over the last year, and also the ordinary rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a score of 30 out of a feasible 100.

That ranking is primarily influenced by a temporary technical rating of 1. MAXN’s rank additionally includes a lasting technological rating of 37. The essential rating for MAXN is 50. In addition to the ordinary rating from Wall Street experts, MAXN stock has a mean target price of $18.13. This implies experts expect the stock to increase 67.51% over the following one year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has climbed 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar technology and networks, today announced that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for roughly 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

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

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be dealing with Maxeon Solar Technologies to accomplish this goal as we move forward with additional development possibilities. Having a solid module companion currently with a strong production existence supplies our organization with the convenience required to turn our focus to a seamless task implementation approach.”.

” Our team believe that the united state solar market is positioned for proceeded solid development,” stated Jeff Seas, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid setting as a major component supplier right into the big and growing united state utility range market. We are pleased to be further reinforcing our connection with vital tactical partners like Cypress Creek Renewables and we anticipate proceeding aid power their development in the United States.”.

CCR’s nuclear power plant projects will certainly be supplied from Maxeon’s lately expanded Efficiency line module capability designed to serve the united state solar energy plant market with leading-edge high-efficiency bifacial items that optimize customer levelized cost of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs as well as manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, and also has sales operations in greater than 100 nations, running under the SunPower brand name in particular countries outside the USA. The firm is a leader in solar development with access to over 1,000 patents as well as 2 best-in-class solar panel line of product. Maxeon items cover the international roof and also solar energy plant markets via a network of greater than 1,400 relied on companions as well as distributors.