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, as well as the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN stock a rating of 30 out of a possible 100.

That ranking is mainly influenced by a short-term technical rating of 1. MAXN’s rank likewise consists of a long-lasting technological score of 37. The basic rating for MAXN is 50. Along with the ordinary score from Wall Street experts, MAXN stock has a mean target cost of $18.13. This indicates analysts expect the stock to raise 67.51% over the following year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -7.04% while the S&P 500 has climbed 0.99% since 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 provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar advancement and also channels, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for roughly 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance 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 as much as 315MW of Efficiency line components to power numerous solar jobs in both Washington as well as Texas. This new order complies with an earlier purchase 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 objective as we move forward with further advancement possibilities. Having a solid module companion at this time with a solid manufacturing presence supplies our organization with the convenience required to transform our focus to a smooth task execution approach.”.

” We believe that the united state solar market is positioned for proceeded strong development,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain validates Maxeon’s strong placement as a significant component vendor into the big as well as growing U.S. energy scale market. We are pleased to be additional reinforcing our relationship with crucial critical companions like Cypress Creek Renewables and we look forward to continuing aid power their development in the United States.”.

CCR’s power plant tasks will certainly be provided from Maxeon’s just recently expanded Performance line component capability made to offer the U.S. solar energy plant market with leading-edge high-efficiency bifacial items that optimize client levelized expense of power (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon designs as well as manufactures Maxeon ® and also SunPower ® brand solar panels, as well as has sales operations in more than 100 nations, operating under the SunPower brand in certain countries outside the United States. The business is a leader in solar advancement with access to over 1,000 licenses and also two best-in-class photovoltaic panel product. Maxeon products cover the global rooftop and solar power plant markets with a network of more than 1,400 relied on companions and suppliers.