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 12 months, as well as the typical ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a score of 30 out of a feasible 100.

That ranking is mainly influenced by a short-term technical rating of 1. MAXN’s rank additionally includes a long-lasting technological score of 37. The fundamental rating for MAXN is 50. Along with the average score from Wall Street experts, MAXN stock has a mean target cost of $18.13. This implies experts expect the stock to raise 67.51% over the following one year.

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

Maxeon Solar Technologies Indicators 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 as well as channels, today announced that leading solar firm 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 Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted procure up to 315MW of Performance line modules to power numerous solar tasks in both Washington and Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to meet this goal as we progress with additional development opportunities. Having a solid component partner right now with a solid production existence offers our company with the comfort needed to transform our emphasis to a smooth task implementation method.”.

” Our company believe that the U.S. solar market is positioned for proceeded strong growth,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer verifies Maxeon’s strong setting as a major component distributor right into the large and expanding united state energy range market. We are pleased to be further reinforcing our relationship with essential strategic partners like Cypress Creek Renewables and we eagerly anticipate proceeding help power their growth in the USA.”.

CCR’s power plant tasks will be provided from Maxeon’s just recently expanded Efficiency line module capability developed to offer the U.S. solar energy plant market with leading-edge high-efficiency bifacial items that optimize customer levelized cost of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® as well as SunPower ® brand name photovoltaic panels, and has sales operations in more than 100 countries, running under the SunPower brand name in particular countries outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 licenses as well as 2 best-in-class photovoltaic panel product. Maxeon products span the global rooftop and solar power plant markets via a network of greater than 1,400 relied on partners as well as suppliers.