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

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

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

That ranking is largely influenced by a temporary technological score of 1. MAXN’s ranking also consists of a lasting technological score of 37. The essential score for MAXN is 50. Along with the ordinary score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This implies experts expect the stock to enhance 67.51% over the following 12 months.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually risen 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development as well as networks, today introduced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for around 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 agreed to acquire up to 315MW of Performance line components to power multiple solar projects in both Washington and also Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to fulfill this mission as we progress with more advancement opportunities. Having a solid module companion right now with a solid manufacturing visibility offers our company with the comfort required to turn our emphasis to a smooth task implementation approach.”.

” Our company believe that the U.S. solar market is poised for continued strong development,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s solid setting as a significant component supplier right into the big and also growing U.S. energy scale market. We are pleased to be further reinforcing our partnership with vital strategic partners like Cypress Creek Renewables as well as we anticipate proceeding assistance power their development in the USA.”.

CCR’s power plant jobs will be provided from Maxeon’s recently increased Performance line component capacity developed to serve the united state solar power plant market with advanced high-efficiency bifacial products that optimize customer levelized expense of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon layouts as well as produces Maxeon ® and SunPower ® brand photovoltaic panels, and also has sales procedures in greater than 100 nations, operating under the SunPower brand in certain countries outside the United States. The business is a leader in solar innovation with accessibility to over 1,000 patents and 2 best-in-class solar panel product. Maxeon products extend the global roof as well as solar power plant markets via a network of more than 1,400 relied on partners as well as distributors.

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