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

Maxeon Solar Technologies Ltd MAXN stock is lower by -67.74% over the last 12 months, and also the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a rating of 30 out of a possible 100.

That rank is mainly influenced by a temporary technical rating of 1. MAXN’s rank also includes a long-term technical rating of 37. The basic score for MAXN is 50. Along with the ordinary score from Wall Street analysts, MAXN stock has a mean target price of $18.13. This suggests analysts expect the stock to boost 67.51% over the following 12 months.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually 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 cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last year.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar technology as well as channels, today introduced that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for about 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 agreed to obtain approximately 315MW of Efficiency line components to power multiple solar tasks in both Washington and Texas. This new order complies with 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 dealing with Maxeon Solar Technologies to accomplish this mission as we progress with additional advancement chances. Having a solid component partner currently with a strong production visibility supplies our organization with the convenience needed to turn our emphasis to a seamless job execution strategy.”.

” Our company believe that the U.S. solar market is positioned for proceeded solid growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain validates Maxeon’s strong position as a significant module vendor right into the large and growing U.S. utility scale market. We are pleased to be further strengthening our connection with vital calculated companions like Cypress Creek Renewables and we expect proceeding aid power their development in the United States.”.

CCR’s nuclear power plant jobs will certainly be supplied from Maxeon’s recently broadened Efficiency line component capacity developed to serve the united state solar power plant market with leading-edge high-efficiency bifacial products that maximize customer levelized expense of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs as well as makes Maxeon ® and SunPower ® brand name photovoltaic panels, and has sales procedures in more than 100 nations, operating under the SunPower brand name in particular countries outside the USA. The business is a leader in solar development with access to over 1,000 patents and 2 best-in-class photovoltaic panel product. Maxeon products extend the worldwide rooftop as well as solar energy plant markets via a network of greater than 1,400 relied on companions and suppliers.