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

Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last year, and also the ordinary rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a score of 30 out of a feasible 100.

That rank is primarily affected by a temporary technical rating of 1. MAXN’s ranking likewise consists of a lasting technological rating of 37. The basic score for MAXN is 50. In addition to the typical score from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This implies 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 dropped -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Indicators Contracts to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar innovation and also networks, today announced that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire approximately 315MW of Performance line modules to power several solar tasks in both Washington and also Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be collaborating with Maxeon Solar Technologies to satisfy this objective as we move forward with further growth opportunities. Having a strong component partner at this time with a strong production presence provides our company with the comfort needed to turn our focus to a smooth project implementation strategy.”.

” We believe that the united state solar market is positioned for proceeded solid growth,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s strong setting as a major module provider right into the huge as well as expanding united state utility scale market. We are pleased to be more strengthening our connection with crucial tactical companions like Cypress Creek Renewables and also we eagerly anticipate proceeding aid power their development in the USA.”.

CCR’s power plant tasks will be supplied from Maxeon’s recently expanded Efficiency line module ability created to offer the united state solar energy plant market with advanced high-efficiency bifacial products that maximize consumer levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts as well as manufactures Maxeon ® and also SunPower ® brand photovoltaic panels, and also has sales operations in greater than 100 nations, running under the SunPower brand name in particular countries outside the USA. The company is a leader in solar advancement with accessibility to over 1,000 patents and also two best-in-class solar panel line of product. Maxeon items cover the international roof and solar energy plant markets via a network of more than 1,400 trusted companions and suppliers.

You may also like