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 year, as well as the average score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a rating of 30 out of a possible 100.

That rank is largely affected by a short-term technological rating of 1. MAXN’s ranking also includes a lasting technological score of 37. The essential rating for MAXN is 50. In addition to the ordinary score from Wall Street experts, MAXN stock has a mean target price of $18.13. This indicates analysts anticipate the stock to enhance 67.51% over the next twelve month.

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

Maxeon Solar Technologies Indications Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar development and also networks, today revealed that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to procure as much as 315MW of Performance line components to power multiple solar tasks in both Washington and also Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to satisfy this objective as we move forward with further advancement possibilities. Having a strong component companion at this time with a strong production presence provides our organization with the convenience required to transform our emphasis to a smooth job execution technique.”.

” We believe that the U.S. solar market is poised for proceeded strong growth,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This deal confirms Maxeon’s strong placement as a significant module distributor into the large and also expanding U.S. energy scale market. We delight in to be additional reinforcing our partnership with essential calculated companions like Cypress Creek Renewables and also we look forward to continuing help power their growth in the USA.”.

CCR’s nuclear power plant projects will be supplied from Maxeon’s lately increased Efficiency line module capability developed to serve the U.S. solar energy plant market with groundbreaking high-efficiency bifacial items that optimize consumer levelized price of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon designs as well as makes Maxeon ® as well as SunPower ® brand name photovoltaic panels, and also has sales operations in more than 100 countries, operating under the SunPower brand in specific nations outside the United States. The business is a leader in solar development with access to over 1,000 licenses as well as 2 best-in-class photovoltaic panel product lines. Maxeon products span the international rooftop and solar power plant markets via a network of greater than 1,400 relied on companions and also representatives.