Markets

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

Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last 12 months, as well as the ordinary rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a score of 30 out of a feasible 100.

That ranking is primarily affected by a temporary technical rating of 1. MAXN’s ranking likewise consists of a long-term technological rating of 37. The essential rating for MAXN is 50. Along with the typical score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This implies experts anticipate the stock to boost 67.51% over the next 12 months.

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

Maxeon Solar Technologies Signs Contracts to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar development and also networks, today announced that leading solar company Cypress Creek Renewables (” CCR”) positioned 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire approximately 315MW of Performance line modules to power numerous solar jobs in both Washington and also Texas. This 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 meet this mission as we progress with additional development opportunities. Having a solid component companion at this time with a strong production presence supplies our company with the comfort required to turn our focus to a smooth task implementation technique.”.

” Our team believe that the U.S. solar market is poised for proceeded strong growth,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This deal confirms Maxeon’s solid placement as a significant module distributor right into the big as well as growing united state utility range market. We delight in to be further reinforcing our relationship with vital strategic companions like Cypress Creek Renewables and also we eagerly anticipate proceeding aid power their development in the USA.”.

CCR’s power plant projects will certainly be provided from Maxeon’s lately expanded Efficiency line module capacity created to serve the U.S. solar power plant market with advanced high-efficiency bifacial items that maximize client levelized price of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon designs and also produces Maxeon ® and SunPower ® brand name photovoltaic panels, and also has sales procedures in more than 100 countries, operating under the SunPower brand name in certain nations outside the USA. The business is a leader in solar innovation with accessibility to over 1,000 licenses as well as two best-in-class solar panel line of product. Maxeon products cover the worldwide roof and solar energy plant markets via a network of more than 1,400 relied on companions and distributors.