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 12 months, and also the average score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a rating of 30 out of a feasible 100.

That ranking is primarily affected by a temporary technical rating of 1. MAXN’s rank likewise consists of a long-term technological rating of 37. The fundamental score for MAXN is 50. Along with the ordinary rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This implies experts anticipate the stock to raise 67.51% over the next one year.

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 increased 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last year.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar innovation as well as channels, today announced that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for roughly 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 procure approximately 315MW of Performance line components to power numerous solar jobs in both Washington as well as Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to satisfy this goal as we progress with further advancement possibilities. Having a solid component partner currently with a solid production existence gives our company with the convenience needed to transform our emphasis to a smooth task implementation method.”.

” We believe that the U.S. solar market is poised for continued solid growth,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s strong position as a significant module vendor right into the large and expanding U.S. energy scale market. We are pleased to be additional enhancing our relationship with crucial tactical companions like Cypress Creek Renewables and also we expect continuing help power their growth in the USA.”.

CCR’s power plant projects will certainly be supplied from Maxeon’s lately expanded Efficiency line module capability developed to offer the united state solar energy plant market with advanced high-efficiency bifacial items that optimize customer levelized expense of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon styles and also produces Maxeon ® and SunPower ® brand name photovoltaic panels, and also has sales procedures in more than 100 nations, operating under the SunPower brand name in certain countries outside the United States. The company is a leader in solar technology with access to over 1,000 patents as well as two best-in-class photovoltaic panel product lines. Maxeon products span the international roof as well as solar energy plant markets via a network of greater than 1,400 relied on partners and also distributors.