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 12 months, as well as the typical score from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a score of 30 out of a feasible 100.

That ranking is mostly affected by a temporary technological score of 1. MAXN’s ranking also includes a long-lasting technical score of 37. The fundamental rating for MAXN is 50. Along with the ordinary ranking from Wall Street experts, MAXN stock has a mean target rate of $18.13. This suggests analysts expect the stock to raise 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 actually risen 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.

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 global leader in solar technology as well as networks, today revealed that leading solar company Cypress Creek Renewables (” CCR”) positioned a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to procure up to 315MW of Performance line modules to power several solar tasks in both Washington and Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to meet this goal as we move forward with more development chances. Having a strong component partner right now with a strong manufacturing presence supplies our company with the convenience needed to transform our focus to a seamless task implementation approach.”.

” Our company believe that the U.S. solar market is poised for continued solid development,” stated Jeff Seas, CEO at Maxeon Solar Technologies. “This deal confirms Maxeon’s strong position as a major component provider right into the huge and expanding U.S. utility scale market. We delight in to be further strengthening our relationship with essential tactical partners like Cypress Creek Renewables and also we look forward to proceeding aid power their development in the USA.”.

CCR’s nuclear power plant projects will be provided from Maxeon’s recently expanded Efficiency line module capacity made to serve the U.S. solar power plant market with advanced high-efficiency bifacial products that maximize client levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles and makes Maxeon ® and also SunPower ® brand name solar panels, and also has sales operations in greater than 100 nations, operating under the SunPower brand name in particular nations outside the USA. The company is a leader in solar technology with access to over 1,000 licenses as well as two best-in-class solar panel product lines. Maxeon items span the worldwide roof and also solar energy plant markets through a network of more than 1,400 trusted companions and also distributors.