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

Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last year, and also the ordinary ranking from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a rating of 30 out of a feasible 100.

That ranking is largely affected by a temporary technical score of 1. MAXN’s ranking additionally includes a long-lasting technical score of 37. The basic score for MAXN is 50. In addition to the typical ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This implies experts expect the stock to raise 67.51% over the following one year.

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

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

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

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

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be collaborating with Maxeon Solar Technologies to meet this goal as we move on with more growth chances. Having a strong module partner currently with a strong manufacturing existence supplies our company with the convenience needed to transform our focus to a seamless project execution approach.”.

” Our company believe that the U.S. solar market is poised for continued solid growth,” claimed Jeff Seas, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid placement as a significant component vendor into the huge and growing united state utility range market. We are pleased to be additional reinforcing our relationship with vital tactical companions like Cypress Creek Renewables as well as we expect proceeding aid power their development in the United States.”.

CCR’s power plant projects will certainly be supplied from Maxeon’s recently expanded Efficiency line module capability designed to serve the united state solar power plant market with leading-edge high-efficiency bifacial products that enhance customer levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon designs and produces Maxeon ® as well as SunPower ® brand name photovoltaic panels, and also has sales procedures in more than 100 countries, running under the SunPower brand name in certain countries outside the USA. The firm is a leader in solar development with accessibility to over 1,000 patents as well as two best-in-class photovoltaic panel product lines. Maxeon products span the international roof and solar energy plant markets via a network of more than 1,400 relied on partners and suppliers.