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

Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last twelve month, and the ordinary ranking from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a rating of 30 out of a feasible 100.

That rank is mostly affected by a short-term technological score of 1. MAXN’s rank additionally consists of a long-lasting technological score of 37. The essential rating for MAXN is 50. In addition to the average ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This means analysts anticipate the stock to enhance 67.51% over the following twelve month.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation as well as channels, today announced that leading solar company Cypress Creek Renewables (” CCR”) put a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted obtain as much as 315MW of Performance line modules to power several solar projects in both Washington as well as Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this objective as we move forward with more advancement opportunities. Having a solid component partner at this time with a strong manufacturing presence offers our organization with the convenience required to turn our emphasis to a seamless project execution approach.”.

” We believe that the U.S. solar market is poised for continued solid growth,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer verifies Maxeon’s solid position as a major module supplier into the big and also expanding united state energy range market. We are pleased to be more strengthening our connection with vital critical partners like Cypress Creek Renewables and also we look forward to continuing assistance power their growth in the United States.”.

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

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon layouts and also produces Maxeon ® and also SunPower ® brand photovoltaic panels, as well as has sales procedures in more than 100 nations, operating under the SunPower brand in specific nations outside the United States. The company is a leader in solar technology with accessibility to over 1,000 licenses as well as 2 best-in-class photovoltaic panel line of product. Maxeon items extend the worldwide rooftop and solar energy plant markets via a network of more than 1,400 relied on partners and also distributors.

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