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

Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last 12 months, and the average score from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN equip a rating of 30 out of a possible 100.

That rank is mostly affected by a temporary technical score of 1. MAXN’s rank also includes a lasting technological rating of 37. The basic score for MAXN is 50. In addition to the average score from Wall Street experts, MAXN stock has a mean target cost of $18.13. This suggests experts anticipate the stock to boost 67.51% over the next year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -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 cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last twelve month.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar innovation and also networks, today announced 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 Performance line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire as much as 315MW of Efficiency line modules to power numerous solar jobs in both Washington and also Texas. This new order adheres to 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 dealing with Maxeon Solar Technologies to accomplish this goal as we move forward with additional development chances. Having a strong module partner at this time with a strong manufacturing presence provides our organization with the convenience required to turn our emphasis to a seamless job execution technique.”.

” Our company believe that the united state solar market is poised for proceeded solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a major module distributor right into the big as well as expanding U.S. utility scale market. We delight in to be more enhancing our relationship with essential strategic partners like Cypress Creek Renewables and also we eagerly anticipate continuing assistance power their development in the United States.”.

CCR’s nuclear power plant projects will certainly be supplied from Maxeon’s lately increased Performance line component capacity designed to offer the U.S. solar power plant market with advanced high-efficiency bifacial items that maximize customer levelized cost of power (LCOE).

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