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

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

That ranking is largely affected by a temporary technological rating of 1. MAXN’s ranking likewise consists of a long-term technical score of 37. The fundamental rating for MAXN is 50. Along with the typical score from Wall Street experts, MAXN stock has a mean target price of $18.13. This suggests experts expect the stock to boost 67.51% over the next 12 months.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar technology and also networks, today revealed 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to obtain up to 315MW of Efficiency line components to power several solar jobs in both Washington and Texas. This new order complies with 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 thrilled to be collaborating with Maxeon Solar Technologies to fulfill this objective as we progress with further advancement opportunities. Having a solid module companion at this time with a strong production existence gives our organization with the convenience required to turn our focus to a smooth project implementation approach.”.

” We believe that the united state solar market is poised for proceeded solid development,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a significant module provider right into the large and also expanding U.S. energy range market. We are pleased to be further strengthening our partnership with vital tactical partners like Cypress Creek Renewables and we anticipate continuing help power their growth in the USA.”.

CCR’s power plant jobs will be provided from Maxeon’s recently broadened Performance line module capability developed to offer the united state solar energy plant market with groundbreaking high-efficiency bifacial items that optimize consumer levelized price of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon styles as well as makes Maxeon ® and also SunPower ® brand name solar panels, and also has sales operations in greater than 100 nations, running under the SunPower brand in particular countries outside the USA. The firm is a leader in solar technology with access to over 1,000 patents as well as two best-in-class solar panel product lines. Maxeon products cover the global roof as well as solar energy plant markets via a network of more than 1,400 trusted companions and distributors.