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 also the ordinary score from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN stock a rating of 30 out of a feasible 100.

That rank is mainly influenced by a temporary technical score of 1. MAXN’s ranking additionally consists of a lasting technical rating of 37. The fundamental rating for MAXN is 50. Along with the average rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests analysts expect the stock to increase 67.51% over the next twelve month.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development and also channels, today announced that leading solar company Cypress Creek Renewables (” CCR”) positioned a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to procure up to 315MW of Efficiency line components to power multiple solar jobs in both Washington as well as Texas. This 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 delighted to be collaborating with Maxeon Solar Technologies to accomplish this objective as we move forward with more growth chances. Having a solid component companion currently with a solid production presence supplies our company with the convenience needed to turn our emphasis to a seamless project execution method.”.

” We believe that the U.S. solar market is positioned for continued solid growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This deal confirms Maxeon’s strong placement as a major component provider into the large and growing united state utility range market. We are pleased to be further enhancing our partnership with crucial tactical partners like Cypress Creek Renewables and we anticipate proceeding aid power their development in the USA.”.

CCR’s power plant projects will certainly be supplied from Maxeon’s recently expanded Efficiency line module capacity created to serve the U.S. solar energy plant market with groundbreaking high-efficiency bifacial items that enhance client levelized expense of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts as well as produces Maxeon ® and also SunPower ® brand name photovoltaic panels, and also has sales procedures in greater than 100 countries, operating under the SunPower brand in certain countries outside the United States. The firm is a leader in solar development with accessibility to over 1,000 licenses and also 2 best-in-class solar panel line of product. Maxeon products extend the global rooftop and solar energy plant markets through a network of more than 1,400 relied on partners and suppliers.