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

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

That ranking is mainly affected by a short-term technical score of 1. MAXN’s rank likewise consists of a long-lasting technological score of 37. The fundamental rating for MAXN is 50. Along with the average ranking from Wall Street experts, MAXN stock has a mean target price of $18.13. This indicates analysts anticipate the stock to boost 67.51% over the next year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost 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 Indicators 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 technology as well as networks, 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 components.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted procure up to 315MW of Efficiency line modules to power several solar jobs in both Washington and also Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to satisfy this mission as we progress with further advancement chances. Having a strong component partner right now with a solid production visibility gives our company with the comfort required to turn our focus to a smooth job implementation strategy.”.

” We believe that the united state solar market is poised for proceeded solid development,” stated Jeff Seas, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s strong placement as a major module provider right into the large and also growing united state energy range market. We are pleased to be additional reinforcing our relationship with key calculated partners like Cypress Creek Renewables and also we eagerly anticipate continuing aid power their growth in the USA.”.

CCR’s nuclear power plant tasks will certainly be supplied from Maxeon’s just recently broadened Efficiency line component capability made to serve the U.S. solar energy plant market with groundbreaking high-efficiency bifacial items that optimize consumer levelized cost of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon layouts and makes Maxeon ® and SunPower ® brand solar panels, as well as has sales operations in greater than 100 nations, operating under the SunPower brand name in certain countries outside the United States. The company is a leader in solar advancement with accessibility to over 1,000 patents and two best-in-class photovoltaic panel product lines. Maxeon items extend the international rooftop and solar energy plant markets through a network of more than 1,400 relied on partners and distributors.