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

Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last one year, as well as the average ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a score of 30 out of a feasible 100.

That ranking is mostly affected by a short-term technical score of 1. MAXN’s rank additionally includes a long-term technical rating of 37. The basic score for MAXN is 50. In addition to the average ranking from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests experts expect the stock to boost 67.51% over the next one year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology and also channels, today introduced that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to obtain up to 315MW of Performance line modules to power numerous solar projects in both Washington as well as Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to accomplish this mission as we move on with additional growth chances. Having a strong module companion at this time with a solid production existence offers our organization with the convenience needed to transform our focus to a seamless task implementation strategy.”.

” Our company believe that the U.S. solar market is positioned for proceeded strong development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This offer validates Maxeon’s solid position as a significant component provider right into the huge and also expanding united state utility scale market. We are pleased to be more strengthening our partnership with key strategic partners like Cypress Creek Renewables as well as we anticipate proceeding help power their development in the United States.”.

CCR’s power plant tasks will certainly be provided from Maxeon’s recently broadened Efficiency line module ability made to serve the united state solar power plant market with advanced high-efficiency bifacial products that enhance client levelized price of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon layouts and makes Maxeon ® and also SunPower ® brand name photovoltaic panels, and also has sales operations in more than 100 nations, operating under the SunPower brand in specific nations outside the United States. The firm is a leader in solar innovation with access to over 1,000 licenses and two best-in-class solar panel product. Maxeon items extend the international rooftop and solar energy plant markets with a network of more than 1,400 relied on companions and also representatives.

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