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

Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last 12 months, and the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a rating of 30 out of a possible 100.

That ranking is mostly influenced by a temporary technical rating of 1. MAXN’s rank additionally consists of a long-lasting technological score of 37. The basic rating for MAXN is 50. In addition to the ordinary score from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests analysts anticipate the stock to boost 67.51% over the next one year.

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

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

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

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually consented to obtain up to 315MW of Efficiency line components to power multiple solar jobs in both Washington and Texas. This brand-new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be working with Maxeon Solar Technologies to meet this goal as we progress with additional development chances. Having a strong module partner at this time with a solid production existence provides our company with the comfort needed to transform our focus to a seamless task implementation technique.”.

” Our team believe that the U.S. solar market is positioned for continued solid development,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid position as a significant component distributor right into the big and also growing united state energy range market. We delight in to be additional enhancing our partnership with crucial tactical partners like Cypress Creek Renewables and we eagerly anticipate continuing help power their growth in the USA.”.

CCR’s power plant jobs will certainly be supplied from Maxeon’s lately broadened Efficiency line component capability made to serve the united state solar power plant market with advanced high-efficiency bifacial items that enhance client levelized expense of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon designs and produces Maxeon ® and SunPower ® brand name photovoltaic panels, and has sales procedures in greater than 100 countries, running under the SunPower brand in particular nations outside the United States. The firm is a leader in solar development with accessibility to over 1,000 licenses as well as two best-in-class solar panel line of product. Maxeon items span the worldwide roof as well as solar power plant markets with a network of greater than 1,400 relied on companions as well as distributors.