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

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

That ranking is largely affected by a short-term technical score of 1. MAXN’s ranking likewise consists of a lasting technological score of 37. The fundamental rating for MAXN is 50. In addition to the typical ranking from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests analysts expect the stock to enhance 67.51% over the following twelve month.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced 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 twelve month.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology and also channels, today introduced that leading solar business 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 Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure approximately 315MW of Efficiency line modules to power several solar tasks in both Washington and also Texas. This brand-new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Efficiency 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 progress with more growth possibilities. Having a solid component companion right now with a strong manufacturing visibility offers our organization with the comfort needed to turn our emphasis to a smooth job implementation approach.”.

” We believe that the united state solar market is poised for proceeded solid development,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer confirms Maxeon’s strong position as a significant component vendor right into the big as well as expanding united state utility scale market. We delight in to be further strengthening our partnership with essential calculated partners like Cypress Creek Renewables and also we expect proceeding aid power their development in the USA.”.

CCR’s power plant projects will be supplied from Maxeon’s just recently expanded Efficiency line module capability made to serve the U.S. solar power plant market with groundbreaking high-efficiency bifacial products that optimize client levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts and produces Maxeon ® and also SunPower ® brand photovoltaic panels, and has sales procedures in greater than 100 nations, operating under the SunPower brand in specific nations outside the United States. The firm is a leader in solar advancement with accessibility to over 1,000 patents as well as two best-in-class photovoltaic panel line of product. Maxeon products cover the international rooftop as well as solar energy plant markets through a network of greater than 1,400 trusted companions as well as representatives.