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

Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last one year, and also the ordinary score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a rating of 30 out of a possible 100.

That ranking is mostly affected by a short-term technical rating of 1. MAXN’s rank additionally consists of a long-lasting technological rating of 37. The essential rating for MAXN is 50. In addition to the typical rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This implies analysts anticipate the stock to raise 67.51% over the following 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 actually increased 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.

Maxeon Solar Technologies Signs Contracts to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar advancement and channels, today announced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to obtain approximately 315MW of Performance line components to power numerous solar tasks in both Washington as well as Texas. This brand-new order follows an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be dealing with Maxeon Solar Technologies to fulfill this mission as we progress with more growth opportunities. Having a strong component partner right now with a solid production presence provides our organization with the convenience needed to turn our emphasis to a seamless job execution method.”.

” We believe that the united state solar market is poised for continued strong growth,” said Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer verifies Maxeon’s solid placement as a major module supplier into the huge as well as growing U.S. utility scale market. We delight in to be more enhancing our partnership with crucial critical companions like Cypress Creek Renewables and also we eagerly anticipate proceeding assistance power their development in the USA.”.

CCR’s power plant jobs will be supplied from Maxeon’s lately expanded Efficiency line component ability designed to serve the united state solar power plant market with groundbreaking high-efficiency bifacial products that optimize consumer levelized price of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles and also manufactures Maxeon ® and also SunPower ® brand name solar panels, and also has sales procedures in greater than 100 countries, running under the SunPower brand in particular nations outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 patents and 2 best-in-class solar panel product. Maxeon products span the worldwide roof as well as solar energy plant markets with a network of greater than 1,400 relied on partners and suppliers.