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

Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last one year, and also the typical rating from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN equip a rating of 30 out of a possible 100.

That ranking is primarily affected by a short-term technical score of 1. MAXN’s ranking likewise consists of a lasting technological rating of 37. The basic score for MAXN is 50. In addition to the average score from Wall Street experts, MAXN stock has a mean target price of $18.13. This means experts expect the stock to increase 67.51% over the next twelve month.

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

Maxeon Solar Technologies Indications Arrangements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar innovation and also channels, today introduced 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 Performance line solar components.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted acquire approximately 315MW of Efficiency line components to power several solar tasks in both Washington and also Texas. This brand-new order complies with an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be dealing with Maxeon Solar Technologies to accomplish this mission as we move on with further growth opportunities. Having a strong component companion right now with a solid production existence gives our organization with the convenience needed to turn our emphasis to a seamless job implementation strategy.”.

” Our company believe that the united state solar market is positioned for continued solid development,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This deal validates Maxeon’s strong position as a significant component distributor right into the large and growing U.S. energy scale market. We are pleased to be more enhancing our relationship with crucial strategic partners like Cypress Creek Renewables and also we anticipate continuing aid power their development in the USA.”.

CCR’s power plant jobs will certainly be provided from Maxeon’s just recently broadened Efficiency line component ability created to serve the united state solar power plant market with advanced high-efficiency bifacial products that maximize customer levelized expense of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon styles and also manufactures Maxeon ® and SunPower ® brand name photovoltaic panels, and also has sales procedures in greater than 100 countries, operating under the SunPower brand name in certain countries outside the United States. The firm is a leader in solar innovation with access to over 1,000 patents as well as two best-in-class solar panel product. Maxeon items cover the worldwide rooftop and also solar energy plant markets via a network of greater than 1,400 trusted companions and suppliers.