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

Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last 12 months, and the average 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 largely influenced by a short-term technical score of 1. MAXN’s rank likewise includes a long-term technological score of 37. The basic rating for MAXN is 50. Along with the average rating from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means analysts anticipate the stock to enhance 67.51% over the following one year.

What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually 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 cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.

Maxeon Solar Technologies Signs Contracts to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar development and networks, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for around 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 up to 315MW of Efficiency line modules to power multiple solar projects in both Washington as well as Texas. This new order adheres to 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 delighted to be collaborating with Maxeon Solar Technologies to accomplish this goal as we progress with further development possibilities. Having a strong component partner right now with a solid production presence offers our company with the convenience required to turn our focus to a smooth task implementation approach.”.

” Our company believe that the united state solar market is poised for continued solid development,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s solid placement as a major component vendor right into the large and also expanding U.S. utility range market. We are pleased to be additional strengthening our connection with vital critical partners like Cypress Creek Renewables and also we eagerly anticipate proceeding help power their development in the USA.”.

CCR’s power plant projects will be supplied from Maxeon’s just recently increased Efficiency line module capacity developed to offer the united state solar energy plant market with groundbreaking high-efficiency bifacial items that enhance client levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs as well as manufactures Maxeon ® and also SunPower ® brand photovoltaic panels, as well as has sales operations in greater than 100 countries, operating under the SunPower brand name in particular nations outside the USA. The company is a leader in solar technology with accessibility to over 1,000 patents and also 2 best-in-class solar panel product lines. Maxeon products cover the international rooftop and also solar power plant markets with a network of greater than 1,400 trusted partners and representatives.