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 12 months, as well as the ordinary score from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a rating of 30 out of a feasible 100.

That ranking is primarily influenced by a short-term technological score of 1. MAXN’s rank additionally consists of a lasting technological rating of 37. The essential rating for MAXN is 50. In addition to the typical ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This means experts expect the stock to boost 67.51% over the following 12 months.

What’s Occurring 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 lower by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last 12 months.

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 worldwide leader in solar technology as well as channels, today announced that leading solar business Cypress Creek Renewables (” CCR”) put a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

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

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to satisfy this goal as we move on with more advancement chances. Having a solid component companion currently with a solid manufacturing presence provides our company with the convenience required to transform our emphasis to a smooth project implementation technique.”.

” Our company believe that the united state solar market is positioned for proceeded solid growth,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s solid position as a significant component provider right into the large and also growing U.S. utility scale market. We delight in to be more enhancing our partnership with key calculated partners like Cypress Creek Renewables and we eagerly anticipate proceeding aid power their development in the United States.”.

CCR’s nuclear power plant jobs will certainly be supplied from Maxeon’s lately increased Performance line component ability created to offer the united state solar energy plant market with leading-edge high-efficiency bifacial items that enhance client levelized expense of power (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon designs and also manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, and also has sales procedures in more than 100 nations, operating under the SunPower brand in particular countries outside the USA. The firm is a leader in solar technology with accessibility to over 1,000 patents and two best-in-class photovoltaic panel product. Maxeon products cover the international rooftop and also solar energy plant markets through a network of more than 1,400 trusted companions and also distributors.