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

Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last 12 months, and the typical rating from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a score of 30 out of a possible 100.

That ranking is mainly affected by a temporary technological rating of 1. MAXN’s ranking additionally includes a lasting technical rating of 37. The essential score for MAXN is 50. In addition to the typical ranking from Wall Street analysts, MAXN stock has a mean target price of $18.13. This suggests experts expect the stock to increase 67.51% over the next one year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology as well as networks, today revealed 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 Efficiency line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure as much as 315MW of Performance line components to power numerous solar tasks in both Washington as well as Texas. This new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be collaborating with Maxeon Solar Technologies to accomplish this objective as we progress with more development chances. Having a solid module companion right now with a solid production existence offers our company with the convenience required to transform our emphasis to a smooth job implementation strategy.”.

” Our company believe that the U.S. solar market is poised for continued strong growth,” said Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This deal validates Maxeon’s strong position as a significant module vendor into the big and also expanding united state utility range market. We delight in to be additional enhancing our partnership with essential critical companions like Cypress Creek Renewables as well as we look forward to continuing assistance power their growth in the United States.”.

CCR’s nuclear power plant tasks will certainly be supplied from Maxeon’s just recently expanded Efficiency line component capability developed to offer the united state solar energy plant market with groundbreaking high-efficiency bifacial items that optimize customer levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon designs and also manufactures Maxeon ® and SunPower ® brand photovoltaic panels, as well as has sales operations in greater than 100 countries, running under the SunPower brand in certain nations outside the USA. The company is a leader in solar advancement with accessibility to over 1,000 licenses as well as 2 best-in-class solar panel product. Maxeon items span the international roof and solar power plant markets through a network of more than 1,400 relied on companions and also distributors.