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

Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last year, as well as the ordinary ranking from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a score of 30 out of a possible 100.

That ranking is mostly influenced by a short-term technological score of 1. MAXN’s ranking also consists of a lasting technical score of 37. The basic score for MAXN is 50. In addition to the average score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This implies analysts anticipate the stock to enhance 67.51% over the following one year.

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

Maxeon Solar Technologies Signs Agreements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar technology and networks, today introduced that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for roughly 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to procure as much as 315MW of Efficiency line components to power several solar tasks in both Washington and also Texas. This 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 thrilled to be working with Maxeon Solar Technologies to meet this goal as we progress with further advancement possibilities. Having a strong module companion right now with a strong manufacturing existence supplies our organization with the convenience needed to turn our emphasis to a smooth project execution approach.”.

” We believe that the united state solar market is positioned for continued solid growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid placement as a significant module distributor right into the big and growing U.S. energy range market. We are pleased to be further reinforcing our connection with vital critical partners like Cypress Creek Renewables as well as we eagerly anticipate continuing help power their growth in the USA.”.

CCR’s power plant jobs will certainly be supplied from Maxeon’s recently broadened Efficiency line component ability designed to offer the U.S. solar energy plant market with advanced high-efficiency bifacial products that maximize consumer levelized expense of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon layouts and also manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, as well as has sales operations in greater than 100 nations, operating under the SunPower brand in specific nations outside the USA. The firm is a leader in solar development with access to over 1,000 licenses and 2 best-in-class solar panel product lines. Maxeon products extend the global roof and also solar power plant markets through a network of greater than 1,400 trusted partners as well as suppliers.