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

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

That rank is largely influenced by a short-term technical score of 1. MAXN’s ranking also includes a lasting technical rating of 37. The fundamental rating for MAXN is 50. In addition to the average score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This suggests experts expect 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 actually dropped -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last one year.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar development and networks, today revealed that leading solar business Cypress Creek Renewables (” CCR”) put 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 actually accepted obtain as much as 315MW of Efficiency line components to power numerous solar projects in both Washington as well as Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this mission as we progress with additional development opportunities. Having a strong module companion at this time with a strong manufacturing existence offers our company with the comfort needed to transform our focus to a smooth job implementation approach.”.

” Our company believe that the U.S. solar market is positioned for proceeded solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s solid position as a significant component vendor into the huge and also expanding U.S. energy range market. We delight in to be more reinforcing our relationship with crucial critical companions like Cypress Creek Renewables as well as we anticipate continuing aid power their development in the USA.”.

CCR’s nuclear power plant projects will be provided from Maxeon’s lately increased Efficiency line module capacity developed to offer the U.S. solar power plant market with advanced high-efficiency bifacial items that optimize consumer levelized expense of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs and also makes Maxeon ® as well as SunPower ® brand name photovoltaic panels, and also has sales operations in more than 100 nations, operating under the SunPower brand in specific nations outside the United States. The business is a leader in solar technology with accessibility to over 1,000 licenses and 2 best-in-class solar panel line of product. Maxeon items cover the global roof and also solar power plant markets via a network of greater than 1,400 relied on partners and also distributors.

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