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

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

That rank is primarily influenced by a temporary technological rating of 1. MAXN’s rank likewise consists of a lasting technological score of 37. The basic rating for MAXN is 50. Along with the ordinary ranking from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests 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 reduced by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last 12 months.

Maxeon Solar Technologies Indicators Arrangements to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology and also networks, today announced that leading solar business Cypress Creek Renewables (” CCR”) put a multi-year order for around 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 agreed to obtain approximately 315MW of Efficiency line components to power multiple solar projects in both Washington and Texas. This new order adheres to 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 delighted to be collaborating with Maxeon Solar Technologies to accomplish this objective as we move forward with further development possibilities. Having a strong module partner right now with a strong production visibility supplies our company with the comfort required to turn our focus to a smooth job execution method.”.

” Our company believe that the U.S. solar market is poised for proceeded solid growth,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid setting as a major module provider into the big and expanding united state utility scale market. We are pleased to be more reinforcing our relationship with key calculated companions like Cypress Creek Renewables and we anticipate proceeding help power their growth in the USA.”.

CCR’s nuclear power plant tasks will be provided from Maxeon’s just recently increased Performance line module capacity made to offer the U.S. solar power plant market with groundbreaking high-efficiency bifacial products that optimize client levelized price of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon designs as well as produces Maxeon ® and also SunPower ® brand name photovoltaic panels, as well as has sales procedures in more than 100 countries, operating under the SunPower brand in certain nations outside the USA. The firm is a leader in solar advancement with access to over 1,000 patents as well as 2 best-in-class photovoltaic panel product. Maxeon items extend the international rooftop as well as solar energy plant markets with a network of more than 1,400 trusted companions as well as representatives.