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

Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last year, as well as the ordinary rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a score of 30 out of a possible 100.

That ranking is largely affected by a short-term technological rating of 1. MAXN’s ranking likewise consists of a long-lasting technological score of 37. The essential score for MAXN is 50. In addition to the ordinary rating from Wall Street experts, MAXN stock has a mean target price of $18.13. This indicates experts expect the stock to boost 67.51% over the following one year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -7.04% while the S&P 500 has actually risen 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

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

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

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to obtain as much as 315MW of Efficiency line components to power numerous solar jobs in both Washington and Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be collaborating with Maxeon Solar Technologies to accomplish this mission as we move on with additional advancement possibilities. Having a solid component partner at this time with a solid production existence supplies our organization with the convenience needed to transform our focus to a seamless task implementation method.”.

” Our team believe that the U.S. solar market is positioned for proceeded solid development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid setting as a significant module distributor into the large as well as growing U.S. energy scale market. We delight in to be further enhancing our relationship with key calculated partners like Cypress Creek Renewables as well as we anticipate proceeding help power their growth in the United States.”.

CCR’s power plant jobs will be provided from Maxeon’s just recently expanded Efficiency line module capacity created to serve the united state solar power plant market with advanced high-efficiency bifacial items that maximize consumer levelized expense of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® and SunPower ® brand name photovoltaic panels, and has sales operations in more than 100 nations, running under the SunPower brand name in specific countries outside the USA. The business is a leader in solar advancement with accessibility to over 1,000 licenses and 2 best-in-class solar panel line of product. Maxeon products cover the global roof and solar power plant markets with a network of greater than 1,400 relied on partners and also suppliers.

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