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

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

That rank is primarily influenced by a short-term technological rating of 1. MAXN’s ranking also 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 analysts, MAXN stock has a mean target price of $18.13. This implies experts anticipate the stock to raise 67.51% over the following 12 months.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually increased 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price 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 one year.

Maxeon Solar Technologies Signs 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 advancement and also channels, 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 components.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to procure as much as 315MW of Performance line modules to power numerous solar projects in both Washington as well as Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be collaborating with Maxeon Solar Technologies to fulfill this mission as we move on with further advancement chances. Having a solid component partner at this time with a solid production existence gives our organization with the convenience needed to turn our focus to a seamless task execution strategy.”.

” We believe that the U.S. solar market is positioned for continued strong growth,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This deal confirms Maxeon’s strong placement as a significant module supplier right into the big and also growing U.S. utility range market. We are pleased to be further reinforcing our relationship with key tactical companions like Cypress Creek Renewables and also we eagerly anticipate proceeding assistance power their development in the United States.”.

CCR’s nuclear power plant projects will be provided from Maxeon’s just recently expanded Performance line module capacity developed to serve the U.S. solar power plant market with advanced high-efficiency bifacial products that optimize client levelized price of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs and also produces Maxeon ® and SunPower ® brand name solar panels, and also has sales operations in greater than 100 nations, running under the SunPower brand name in certain countries outside the USA. The business is a leader in solar advancement with accessibility to over 1,000 licenses and two best-in-class solar panel product lines. Maxeon products extend the international rooftop and solar power plant markets via a network of greater than 1,400 relied on companions and also distributors.