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

Maxeon Solar Technologies Ltd MAXN stock price target is lower by -67.74% over the last 12 months, and the average ranking from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a rating of 30 out of a possible 100.

That rank is primarily affected by a temporary technical score of 1. MAXN’s rank additionally includes a long-term technical rating of 37. The basic score for MAXN is 50. In addition to the typical score from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This means experts anticipate the stock to increase 67.51% over the following 12 months.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -7.04% while the S&P 500 has risen 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.

Maxeon Solar Technologies Signs Contracts to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar advancement as well as channels, today announced that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for around 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to obtain as much as 315MW of Efficiency line components to power numerous solar jobs in both Washington and Texas. This new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to accomplish this mission as we move on with more advancement possibilities. Having a strong module companion right now with a solid manufacturing presence gives our organization with the convenience required to transform our focus to a smooth job execution technique.”.

” Our company believe that the U.S. solar market is positioned for proceeded strong growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong position as a major module distributor right into the large and growing U.S. energy range market. We delight in to be further reinforcing our partnership with vital critical companions like Cypress Creek Renewables as well as we anticipate proceeding aid power their development in the United States.”.

CCR’s nuclear power plant projects will be supplied from Maxeon’s just recently expanded Performance line module ability created to offer the united state solar power plant market with advanced high-efficiency bifacial items that maximize customer levelized cost of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs and also manufactures Maxeon ® and SunPower ® brand name solar panels, and has sales operations in more than 100 countries, operating under the SunPower brand name in certain nations outside the United States. The firm is a leader in solar technology with accessibility to over 1,000 patents as well as 2 best-in-class solar panel product. Maxeon products cover the international roof as well as solar power plant markets via a network of more than 1,400 trusted partners and also distributors.

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