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

Maxeon Solar Technologies Ltd MAXN stock price is reduced by -67.74% over the last one year, and the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a rating of 30 out of a feasible 100.

That ranking is primarily influenced by a temporary technical score of 1. MAXN’s ranking also consists of a lasting technical score of 37. The basic score for MAXN is 50. Along with the typical ranking from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means analysts anticipate the stock to increase 67.51% over the next year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar technology and also channels, 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 modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to acquire up to 315MW of Efficiency line components to power multiple solar projects in both Washington and Texas. This brand-new order complies with 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 excited to be working with Maxeon Solar Technologies to accomplish this mission as we move forward with more advancement opportunities. Having a strong module partner right now with a strong production presence offers our organization with the convenience needed to turn our emphasis to a seamless job implementation strategy.”.

” Our team believe that the U.S. solar market is positioned for proceeded strong development,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This deal verifies Maxeon’s solid placement as a significant component provider right into the big and also growing U.S. energy range market. We delight in to be additional reinforcing our partnership with essential critical partners like Cypress Creek Renewables and also we eagerly anticipate continuing aid power their development in the USA.”.

CCR’s power plant tasks will be supplied from Maxeon’s just recently expanded Performance line module capacity made to serve the united state solar power plant market with leading-edge high-efficiency bifacial items that optimize customer levelized cost of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon styles and produces Maxeon ® as well as SunPower ® brand name photovoltaic panels, and also has sales operations in greater than 100 countries, running under the SunPower brand in specific nations outside the USA. The firm is a leader in solar advancement with access to over 1,000 licenses and 2 best-in-class photovoltaic panel product. Maxeon products span the worldwide roof and solar power plant markets via a network of more than 1,400 relied on partners as well as representatives.