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

Maxeon Solar Technologies Ltd MAXN stock price is lower by -67.74% over the last twelve month, and also the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a score of 30 out of a feasible 100.

That ranking is mainly influenced by a short-term technical rating of 1. MAXN’s ranking also consists of a long-term technical rating of 37. The fundamental score for MAXN is 50. In addition to the typical rating from Wall Street analysts, MAXN stock has a mean target price of $18.13. This means analysts expect the stock to enhance 67.51% over the next one year.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -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 rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last twelve month.

Maxeon Solar Technologies Indications Arrangements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar technology 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 (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to obtain as much as 315MW of Performance line modules to power multiple solar projects in both Washington and also Texas. This brand-new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to accomplish this goal as we move on with additional growth opportunities. Having a solid module partner currently with a solid production presence offers our company with the convenience required to turn our focus to a seamless job implementation strategy.”.

” We believe that the U.S. solar market is positioned for continued solid development,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer verifies Maxeon’s strong position as a major module vendor right into the large and expanding U.S. energy scale market. We are pleased to be more reinforcing our relationship with essential strategic companions like Cypress Creek Renewables and we eagerly anticipate proceeding help power their growth in the United States.”.

CCR’s power plant tasks will be supplied from Maxeon’s lately increased Efficiency line component capability made to offer the U.S. solar energy plant market with advanced high-efficiency bifacial items that maximize consumer levelized price of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts and produces Maxeon ® as well as SunPower ® brand photovoltaic panels, as well as has sales operations in greater than 100 countries, operating under the SunPower brand in certain nations outside the USA. The firm is a leader in solar technology with accessibility to over 1,000 patents and also 2 best-in-class photovoltaic panel product lines. Maxeon items cover the worldwide rooftop and also solar energy plant markets through a network of more than 1,400 relied on companions and also distributors.