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

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

That rank is mainly affected by a short-term technical rating of 1. MAXN’s ranking additionally consists of a long-term technical rating of 37. The basic rating for MAXN is 50. Along with the typical rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests experts expect the stock to raise 67.51% over the next twelve month.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has increased 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing cost 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 one year.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar technology and also networks, today announced 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 Performance line solar components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to procure approximately 315MW of Efficiency line components to power several solar projects in both Washington as well as Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to meet this objective as we move on with additional advancement opportunities. Having a strong module companion at this time with a strong production visibility offers our organization with the convenience needed to turn our emphasis to a smooth task execution approach.”.

” We believe that the united state solar market is positioned for proceeded solid development,” claimed Jeff Seas, CEO at Maxeon Solar Technologies. “This bargain confirms Maxeon’s solid placement as a significant component distributor right into the big and expanding united state energy range market. We are pleased to be additional strengthening our connection with key calculated companions like Cypress Creek Renewables and we eagerly anticipate continuing assistance power their development in the United States.”.

CCR’s power plant jobs will certainly be provided from Maxeon’s recently increased Efficiency line component capability created to offer the U.S. solar power plant market with groundbreaking high-efficiency bifacial products that optimize client levelized price of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon layouts and produces Maxeon ® and SunPower ® brand photovoltaic panels, as well as has sales procedures in more than 100 nations, running under the SunPower brand name in specific countries outside the United States. The company is a leader in solar advancement with access to over 1,000 patents and two best-in-class solar panel line of product. Maxeon items span the international roof as well as solar power plant markets through a network of more than 1,400 relied on companions and suppliers.