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

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

That rank is mainly affected by a temporary technological rating of 1. MAXN’s ranking likewise consists of a lasting technological score of 37. The basic score for MAXN is 50. In addition to the average rating from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This suggests experts anticipate the stock to increase 67.51% over the next one year.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually increased 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 twelve month.

Maxeon Solar Technologies Indicators 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 technology and also channels, today revealed that leading solar business Cypress Creek Renewables (” CCR”) placed 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to obtain as much as 315MW of Performance line modules to power several solar tasks in both Washington and also Texas. This new order complies with 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 excited to be dealing with Maxeon Solar Technologies to fulfill this objective as we move forward with additional growth possibilities. Having a solid component companion currently with a solid production presence offers our organization with the comfort needed to transform our emphasis to a smooth project execution technique.”.

” We believe that the U.S. solar market is positioned for continued strong development,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This deal validates Maxeon’s solid placement as a significant component vendor into the large and also growing U.S. energy range market. We delight in to be further enhancing our relationship with key tactical companions like Cypress Creek Renewables as well as we expect proceeding aid power their growth in the USA.”.

CCR’s nuclear power plant jobs will be supplied from Maxeon’s recently broadened Performance line component capacity created to serve the united state solar power plant market with advanced high-efficiency bifacial items that enhance client levelized cost of power (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon layouts as well as produces Maxeon ® and SunPower ® brand name photovoltaic panels, and has sales procedures in greater than 100 nations, running under the SunPower brand name in specific nations outside the United States. The company is a leader in solar advancement with access to over 1,000 patents and also 2 best-in-class photovoltaic panel product. Maxeon items cover the worldwide rooftop and solar energy plant markets through a network of more than 1,400 trusted partners as well as distributors.