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 one year, and also the average ranking from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN stock a rating of 30 out of a feasible 100.

That rank is largely influenced by a short-term technological rating of 1. MAXN’s rank likewise includes a lasting technical score of 37. The essential score for MAXN is 50. In addition to the ordinary rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This implies experts expect the stock to enhance 67.51% over the next one year.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -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 $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development and channels, today introduced that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance 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 Performance line components to power numerous solar jobs 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 thrilled to be dealing with Maxeon Solar Technologies to satisfy this objective as we move on with additional advancement opportunities. Having a strong module companion at this time with a strong production presence offers our organization with the comfort needed to transform our focus to a seamless job implementation technique.”.

” Our company believe that the U.S. solar market is poised for proceeded solid growth,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s strong setting as a major module provider into the huge and growing united state utility range market. We are pleased to be further enhancing our connection with vital tactical partners like Cypress Creek Renewables as well as we anticipate proceeding aid power their growth in the United States.”.

CCR’s power plant jobs will be provided from Maxeon’s lately increased Efficiency line module capability developed to serve the U.S. solar energy plant market with groundbreaking high-efficiency bifacial products that optimize customer levelized cost of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® and SunPower ® brand photovoltaic panels, and also has sales operations in more than 100 countries, running under the SunPower brand in certain nations outside the United States. The company is a leader in solar development with accessibility to over 1,000 licenses and two best-in-class photovoltaic panel line of product. Maxeon products extend the worldwide roof and solar energy plant markets via a network of greater than 1,400 relied on companions as well as suppliers.