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 one year, as well as the average score from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a score of 30 out of a feasible 100.

That ranking is largely influenced by a short-term technological score of 1. MAXN’s rank additionally includes a long-term technological rating of 37. The essential score for MAXN is 50. Along with the average ranking from Wall Street experts, MAXN stock has a mean target price of $18.13. This means experts expect the stock to enhance 67.51% over the next 12 months.

What’s Occurring 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 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 Indications Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar advancement as well as channels, today introduced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire approximately 315MW of Performance line modules to power multiple solar jobs in both Washington and also Texas. This brand-new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be working with Maxeon Solar Technologies to meet this goal as we progress with more growth chances. Having a solid module partner at this time with a strong manufacturing visibility gives our company with the comfort required to turn our emphasis to a smooth job implementation strategy.”.

” Our company believe that the united state solar market is positioned for proceeded solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid setting as a significant component supplier right into the large and expanding U.S. utility scale market. We delight in to be more strengthening our partnership with key calculated partners like Cypress Creek Renewables as well as we anticipate continuing assistance power their growth in the United States.”.

CCR’s power plant projects will certainly be provided from Maxeon’s recently expanded Efficiency line component capability developed to serve the united state solar power plant market with groundbreaking high-efficiency bifacial products that enhance client levelized expense of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon styles and also manufactures Maxeon ® as well as SunPower ® brand name photovoltaic panels, and also has sales operations in more than 100 countries, operating under the SunPower brand in certain nations outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 patents as well as 2 best-in-class solar panel line of product. Maxeon items cover the global rooftop and also solar energy plant markets via a network of more than 1,400 relied on companions and distributors.