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

Maxeon Solar Technologies Ltd MAXN stock prediction is lower by -67.74% over the last twelve month, as well as the average rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a score of 30 out of a possible 100.

That ranking is mainly influenced by a temporary technical score of 1. MAXN’s rank also includes a lasting technical score of 37. The basic rating for MAXN is 50. Along with the typical rating from Wall Street analysts, MAXN stock has a mean target price of $18.13. This implies experts expect the stock to boost 67.51% over the following one year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has increased 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost 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 Indicators Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement and channels, today introduced that leading solar firm 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 (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to procure up to 315MW of Efficiency line components to power numerous solar jobs in both Washington and also Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be collaborating with Maxeon Solar Technologies to satisfy this mission as we move on with additional growth possibilities. Having a strong component companion right now with a strong production existence offers our company with the comfort required to transform our focus to a seamless task implementation approach.”.

” Our team believe that the united state solar market is positioned for proceeded solid growth,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a significant component distributor into the big and expanding united state energy range market. We delight in to be additional strengthening our relationship with key tactical partners like Cypress Creek Renewables as well as we look forward to continuing help power their development in the USA.”.

CCR’s power plant jobs will certainly be supplied from Maxeon’s recently increased Efficiency line component capacity created to serve the united state solar energy plant market with leading-edge high-efficiency bifacial products that optimize client levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon styles and manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, and has sales operations in greater than 100 nations, running under the SunPower brand in certain nations outside the United States. The business is a leader in solar development with access to over 1,000 licenses and also two best-in-class solar panel product lines. Maxeon products cover the worldwide rooftop as well as solar energy plant markets with a network of more than 1,400 relied on partners and also representatives.