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

Maxeon Solar Technologies Ltd MAXN stock price target is lower by -67.74% over the last twelve month, as well as the typical ranking from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a rating of 30 out of a feasible 100.

That ranking is largely influenced by a temporary technological score of 1. MAXN’s ranking likewise consists of a lasting technological rating of 37. The fundamental rating for MAXN is 50. In addition to the typical ranking from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This indicates experts expect the stock to raise 67.51% over the following 12 months.

What’s Happening 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 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last one year.

Maxeon Solar Technologies Signs Arrangements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement and also networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to acquire approximately 315MW of Efficiency line modules to power numerous solar tasks in both Washington and also Texas. This new order complies with an earlier purchase 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 collaborating with Maxeon Solar Technologies to meet this objective as we progress with additional growth possibilities. Having a strong module companion at this time with a solid manufacturing existence supplies our organization with the comfort needed to transform our focus to a seamless task execution method.”.

” Our company believe that the united state solar market is poised for proceeded strong development,” stated Jeff Seas, CEO at Maxeon Solar Technologies. “This offer validates Maxeon’s solid placement as a significant component provider into the big and also expanding united state utility range market. We are pleased to be additional reinforcing our partnership with key calculated companions like Cypress Creek Renewables and we anticipate continuing help power their development in the USA.”.

CCR’s power plant tasks will be supplied from Maxeon’s recently broadened Efficiency line component capacity created to serve the U.S. solar energy plant market with groundbreaking high-efficiency bifacial products that maximize consumer levelized cost of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon designs and also manufactures Maxeon ® and SunPower ® brand photovoltaic panels, and has sales operations in greater than 100 countries, running under the SunPower brand in certain nations outside the USA. The firm is a leader in solar innovation with access to over 1,000 licenses and 2 best-in-class solar panel line of product. Maxeon products span the international rooftop as well as solar power plant markets via a network of greater than 1,400 trusted partners as well as representatives.