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

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

That rank is mostly influenced by a short-term technical rating of 1. MAXN’s ranking also includes a long-term technological score of 37. The essential rating for MAXN is 50. Along with the typical ranking from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means experts anticipate the stock to boost 67.51% over the next twelve month.

What’s Happening 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 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement and networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted obtain up to 315MW of Efficiency line modules to power multiple solar jobs in both Washington and also Texas. This brand-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 working with Maxeon Solar Technologies to accomplish this mission as we progress with further advancement opportunities. Having a solid module partner at this time with a strong manufacturing presence provides our company with the comfort needed to turn our emphasis to a seamless task implementation strategy.”.

” We believe that the united state solar market is poised for continued strong growth,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s solid position as a significant component distributor into the large as well as expanding united state utility range market. We delight in to be more reinforcing our connection with key critical partners like Cypress Creek Renewables as well as we expect continuing help power their growth in the USA.”.

CCR’s power plant jobs will be supplied from Maxeon’s recently increased Performance line component ability created to serve the U.S. solar power plant market with leading-edge high-efficiency bifacial products that optimize client levelized expense of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles as well as makes Maxeon ® and SunPower ® brand photovoltaic panels, and has sales operations in more than 100 nations, running under the SunPower brand name in specific countries outside the United States. The business is a leader in solar technology with access to over 1,000 patents as well as 2 best-in-class solar panel product. Maxeon products extend the global rooftop and solar power plant markets with a network of greater than 1,400 trusted companions and distributors.