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

Maxeon Solar Technologies Ltd MAXN stock is lower by -67.74% over the last one year, and also the ordinary score from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a rating of 30 out of a feasible 100.

That ranking is mainly affected by a short-term technological score of 1. MAXN’s rank likewise consists of a long-term technical rating of 37. The essential rating for MAXN is 50. Along with the typical rating from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This indicates analysts anticipate the stock to raise 67.51% over the next year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar development 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 Performance line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted obtain approximately 315MW of Performance line components to power numerous solar tasks in both Washington and also Texas. This brand-new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to accomplish this objective as we progress with more growth possibilities. Having a strong component companion right now with a strong manufacturing presence supplies our organization with the comfort required to transform our focus to a smooth project implementation approach.”.

” Our team believe that the united state solar market is poised for proceeded strong development,” said Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This deal confirms Maxeon’s solid setting as a significant module provider into the large and expanding united state energy scale market. We are pleased to be further reinforcing our connection with crucial strategic partners like Cypress Creek Renewables and also we eagerly anticipate continuing help power their development in the USA.”.

CCR’s power plant tasks will certainly be provided from Maxeon’s just recently expanded Efficiency line module capability created to offer the united state solar power plant market with groundbreaking high-efficiency bifacial products that optimize client levelized cost of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon styles and manufactures Maxeon ® and SunPower ® brand solar panels, as well as has sales operations in more than 100 nations, running under the SunPower brand name 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 solar panel product lines. Maxeon products cover the global rooftop and also solar power plant markets via a network of more than 1,400 relied on companions and distributors.