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, and the ordinary score from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN equip a rating of 30 out of a feasible 100.

That ranking is largely influenced by a temporary technical score of 1. MAXN’s ranking additionally includes a long-lasting technological score of 37. The fundamental rating for MAXN is 50. Along with the average ranking from Wall Street experts, MAXN stock has a mean target rate of $18.13. This means analysts anticipate the stock to raise 67.51% over the following one year.

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

Maxeon Solar Technologies Indications Arrangements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and also networks, today announced that leading solar company Cypress Creek Renewables (” CCR”) put a multi-year order for approximately 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to procure as much as 315MW of Efficiency line components to power numerous solar tasks in both Washington and also Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to satisfy this objective as we move forward with further development possibilities. Having a strong module companion at this time with a strong production existence provides our company with the convenience required to transform our emphasis to a smooth job implementation technique.”.

” We believe that the U.S. solar market is positioned for proceeded strong development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong position as a major module provider right into the big and also expanding U.S. energy scale market. We delight in to be further strengthening our partnership with crucial tactical partners like Cypress Creek Renewables and also we expect continuing help power their development in the USA.”.

CCR’s power plant projects will be supplied from Maxeon’s recently broadened Performance line component capability created to offer the united state solar power plant market with advanced high-efficiency bifacial products that maximize consumer levelized expense of power (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs as well as manufactures Maxeon ® and SunPower ® brand photovoltaic panels, and has sales procedures in more than 100 countries, operating under the SunPower brand name in particular countries outside the USA. The company is a leader in solar development with access to over 1,000 patents as well as 2 best-in-class solar panel product lines. Maxeon products cover the worldwide roof and solar power plant markets through a network of more than 1,400 trusted companions and also distributors.

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