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

That rank is largely influenced by a short-term technological score of 1. MAXN’s ranking additionally consists of a long-term technological rating of 37. The essential score for MAXN is 50. Along with the typical score from Wall Street experts, MAXN stock has a mean target cost of $18.13. This indicates experts expect the stock to increase 67.51% over the following year.

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

Maxeon Solar Technologies Indicators Arrangements to supply over 300MW of Performance 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”) put 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually consented to acquire up to 315MW of Performance line modules to power multiple solar jobs in both Washington and also Texas. This brand-new order complies with an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this mission as we move forward with more advancement possibilities. Having a strong component companion right now with a solid manufacturing existence supplies our company with the comfort needed to turn our focus to a seamless job implementation technique.”.

” We believe that the united state solar market is positioned for proceeded solid growth,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong placement as a major module supplier right into the large as well as growing united state energy scale market. We are pleased to be further reinforcing our connection with essential strategic companions like Cypress Creek Renewables as well as we expect continuing aid power their growth in the USA.”.

CCR’s nuclear power plant tasks will be provided from Maxeon’s lately expanded Performance line component capacity created to offer the united state solar power plant market with advanced high-efficiency bifacial products that optimize customer levelized price of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles and also produces Maxeon ® as well as SunPower ® brand solar panels, and has sales operations in greater than 100 countries, running under the SunPower brand in particular nations outside the United States. The firm is a leader in solar development with accessibility to over 1,000 licenses and also 2 best-in-class photovoltaic panel product. Maxeon products span the international roof as well as solar power plant markets with a network of more than 1,400 trusted companions and representatives.