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

Maxeon Solar Technologies Ltd MAXN stock prediction is lower by -67.74% over the last twelve month, and also the average rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a rating of 30 out of a feasible 100.

That ranking is largely influenced by a temporary technological score of 1. MAXN’s ranking additionally includes a long-lasting technical score of 37. The essential rating for MAXN is 50. Along with the ordinary score from Wall Street analysts, MAXN stock has a mean target price of $18.13. This suggests analysts expect the stock to increase 67.51% over the next 12 months.

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

Maxeon Solar Technologies Indicators Agreements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar development as well as channels, today revealed 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 accepted acquire as much as 315MW of Efficiency line modules to power numerous solar jobs in both Washington and 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 thrilled to be dealing with Maxeon Solar Technologies to fulfill this objective as we move forward with further development possibilities. Having a solid module companion right now with a strong production presence supplies our company with the comfort needed to transform our emphasis to a smooth job execution technique.”.

” Our team believe that the united state solar market is positioned for continued solid growth,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s strong placement as a major module vendor right into the huge as well as expanding U.S. utility scale market. We are pleased to be further strengthening our partnership with crucial strategic partners like Cypress Creek Renewables and we expect proceeding help power their growth in the United States.”.

CCR’s nuclear power plant jobs will certainly be supplied from Maxeon’s just recently broadened Performance line component capacity designed to serve the united state solar energy plant market with leading-edge high-efficiency bifacial products that enhance customer levelized expense of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® as well as SunPower ® brand solar panels, and has sales procedures in more than 100 nations, running under the SunPower brand name in particular countries outside the USA. The business is a leader in solar development with accessibility to over 1,000 patents and 2 best-in-class photovoltaic panel product lines. Maxeon items extend the global rooftop as well as solar energy plant markets through a network of greater than 1,400 trusted partners and also distributors.

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