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, and the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a score of 30 out of a feasible 100.

That ranking is largely influenced by a short-term technical score of 1. MAXN’s rank likewise consists of a long-term technological score of 37. The essential score for MAXN is 50. Along with the ordinary rating from Wall Street experts, MAXN stock has a mean target rate of $18.13. This means experts anticipate the stock to enhance 67.51% over the next twelve month.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -7.04% while the S&P 500 has actually climbed 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.

Maxeon Solar Technologies Indications Contracts to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

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

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure up to 315MW of Efficiency line modules to power multiple solar tasks in both Washington and Texas. This new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be working with Maxeon Solar Technologies to fulfill this goal as we move forward with additional growth opportunities. Having a solid module companion right now with a strong production existence gives our company with the convenience needed to transform our focus to a seamless job implementation approach.”.

” We believe that the united state solar market is poised for continued solid development,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong placement as a significant component provider into the huge and growing U.S. energy range market. We delight in to be further reinforcing our partnership with crucial tactical companions like Cypress Creek Renewables as well as we anticipate continuing assistance power their growth in the United States.”.

CCR’s nuclear power plant projects will certainly be supplied from Maxeon’s just recently increased Efficiency line component capacity developed to offer the U.S. solar power plant market with leading-edge high-efficiency bifacial products that optimize customer levelized cost of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, as well as has sales operations in more than 100 nations, operating under the SunPower brand in certain countries outside the United States. The firm is a leader in solar advancement with access to over 1,000 patents as well as two best-in-class photovoltaic panel product lines. Maxeon items cover the global roof as well as solar energy plant markets through a network of more than 1,400 trusted partners as well as suppliers.