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

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

That ranking is mainly influenced by a temporary technical score of 1. MAXN’s rank likewise consists of a long-lasting technical rating of 37. The basic rating for MAXN is 50. In addition to the typical rating from Wall Street analysts, MAXN stock has a mean target price of $18.13. This indicates analysts anticipate the stock to raise 67.51% over the next 12 months.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has climbed 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.

Maxeon Solar Technologies Indications Agreements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar technology and channels, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for roughly 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire approximately 315MW of Efficiency line components to power multiple solar projects in both Washington as well as Texas. This new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to accomplish this mission as we move forward with further advancement opportunities. Having a strong component companion currently with a solid manufacturing presence offers our company with the comfort required to transform our emphasis to a smooth job execution technique.”.

” Our team believe that the U.S. solar market is positioned for proceeded solid growth,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This bargain verifies Maxeon’s solid position as a major module distributor into the big and expanding united state energy range market. We are pleased to be additional strengthening our relationship with crucial strategic partners like Cypress Creek Renewables and also we look forward to continuing assistance power their development in the United States.”.

CCR’s nuclear power plant tasks will be supplied from Maxeon’s lately broadened Efficiency line component capability created to offer the united state solar energy plant market with leading-edge high-efficiency bifacial items that maximize customer levelized expense of energy (LCOE).

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