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 one year, and the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a score of 30 out of a feasible 100.

That ranking is mainly influenced by a temporary technical rating of 1. MAXN’s ranking also consists of a lasting technical score of 37. The fundamental score for MAXN is 50. Along with the average rating from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means analysts anticipate the stock to boost 67.51% over the following year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement as well as networks, today announced that leading solar company Cypress Creek Renewables (” CCR”) put a multi-year order for roughly 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to acquire approximately 315MW of Performance line components to power multiple solar projects in both Washington and Texas. This brand-new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to accomplish this mission as we progress with more growth chances. Having a strong module partner at this time with a solid production visibility supplies our company with the convenience required to turn our emphasis to a seamless task implementation method.”.

” We believe that the united state solar market is poised for proceeded strong development,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This deal confirms Maxeon’s strong position as a major module provider into the huge as well as growing U.S. utility scale market. We delight in to be more reinforcing our partnership with vital strategic companions like Cypress Creek Renewables and also we anticipate continuing aid power their development in the United States.”.

CCR’s nuclear power plant tasks will certainly be provided from Maxeon’s lately increased Performance line component capability created to offer the united state solar energy plant market with advanced high-efficiency bifacial items that enhance customer levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® and also SunPower ® brand name solar panels, and also has sales procedures in more than 100 nations, running under the SunPower brand in particular nations outside the United States. The business is a leader in solar advancement with accessibility to over 1,000 licenses and two best-in-class photovoltaic panel product lines. Maxeon items extend the international roof as well as solar power plant markets with a network of more than 1,400 relied on companions and also suppliers.