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

Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last one year, and also the typical rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a rating of 30 out of a feasible 100.

That rank is largely influenced by a short-term technical score of 1. MAXN’s ranking also includes a long-term technological rating of 37. The fundamental score for MAXN is 50. In addition to the typical ranking 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 year.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 get on Wednesday, Mar 2. MAXN is lower 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 twelve month.

Maxeon Solar Technologies Indications 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 as well as channels, today introduced that leading solar business Cypress Creek Renewables (” CCR”) put a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to acquire approximately 315MW of Efficiency line modules to power multiple solar jobs in both Washington and Texas. This new order follows 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 delighted to be collaborating with Maxeon Solar Technologies to satisfy this mission as we move on with more advancement chances. Having a solid component partner currently with a strong production existence provides our company with the convenience needed to transform our emphasis to a seamless project execution approach.”.

” We believe that the U.S. solar market is poised for continued solid development,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a significant component provider into the big and also expanding united state utility scale market. We delight in to be further strengthening our partnership with essential critical partners like Cypress Creek Renewables as well as we anticipate continuing help power their development in the United States.”.

CCR’s nuclear power plant jobs will certainly be provided from Maxeon’s just recently broadened Efficiency line module capacity created to serve the U.S. solar power plant market with advanced high-efficiency bifacial products that enhance consumer levelized cost of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon layouts as well as makes Maxeon ® as well as SunPower ® brand solar panels, and also has sales operations in greater than 100 nations, running under the SunPower brand in particular countries outside the USA. The business is a leader in solar development with access to over 1,000 patents as well as 2 best-in-class photovoltaic panel product lines. Maxeon items cover the international roof and solar energy plant markets with a network of greater than 1,400 relied on companions as well as distributors.