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 12 months, as well as the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a score of 30 out of a possible 100.

That ranking is mostly affected by a temporary technical rating of 1. MAXN’s ranking additionally consists of a lasting technical score of 37. The fundamental score for MAXN is 50. Along with the typical ranking from Wall Street analysts, MAXN stock has a mean target price of $18.13. This means experts anticipate the stock to increase 67.51% over the following twelve month.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually increased 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate 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 Signs Contracts 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 networks, today revealed 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 modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure as much as 315MW of Efficiency line modules to power multiple solar jobs in both Washington as well as Texas. This brand-new order follows an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to accomplish this objective as we move forward with additional development possibilities. Having a solid module companion currently with a strong manufacturing existence provides our company with the comfort required to transform our focus to a seamless project implementation approach.”.

” Our team believe that the U.S. solar market is positioned for proceeded solid development,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s solid position as a major component vendor into the big as well as growing U.S. utility range market. We delight in to be more enhancing our connection with essential critical companions like Cypress Creek Renewables and we look forward to proceeding aid power their growth in the USA.”.

CCR’s power plant projects will be supplied from Maxeon’s recently increased Performance line component ability made to serve the united state solar power plant market with leading-edge high-efficiency bifacial products that enhance client levelized price of power (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® as well as SunPower ® brand name solar panels, and has sales operations in greater than 100 nations, operating under the SunPower brand name in certain countries outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 patents and also 2 best-in-class photovoltaic panel product lines. Maxeon products cover the international roof and also solar power plant markets with a network of more than 1,400 trusted partners and also suppliers.