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

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

That rank is largely affected by a temporary technical score of 1. MAXN’s ranking additionally consists of a long-lasting technical rating of 37. The fundamental rating for MAXN is 50. In addition to the typical score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This suggests analysts anticipate the stock to increase 67.51% over the next twelve month.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement and channels, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

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

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this goal as we move forward with further advancement possibilities. Having a solid component partner at this time with a strong manufacturing presence provides our organization with the convenience needed to transform our emphasis to a seamless project execution method.”.

” We believe that the united state solar market is positioned for proceeded solid development,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s strong position as a significant module supplier right into the large and also expanding U.S. energy range market. We are pleased to be more reinforcing our relationship with crucial tactical partners like Cypress Creek Renewables and also we anticipate proceeding help power their development in the USA.”.

CCR’s power plant projects will certainly be supplied from Maxeon’s just recently expanded Performance line component capacity made to offer the united state solar power plant market with groundbreaking high-efficiency bifacial items that maximize client levelized cost of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon designs and also produces Maxeon ® as well as SunPower ® brand solar panels, and also has sales procedures in more than 100 countries, running under the SunPower brand name in particular countries outside the United States. The business is a leader in solar advancement with access to over 1,000 licenses and also 2 best-in-class solar panel product. Maxeon items extend the worldwide rooftop and also solar power plant markets with a network of greater than 1,400 relied on partners and also representatives.