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

Maxeon Solar Technologies Ltd MAXN stock price target is lower by -67.74% over the last one year, and also the average score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN equip a rating of 30 out of a feasible 100.

That rank is mostly influenced by a temporary technical score of 1. MAXN’s rank additionally consists of a long-term technological rating of 37. The fundamental score for MAXN is 50. Along with the average ranking from Wall Street analysts, MAXN stock has a mean target price of $18.13. This implies analysts anticipate the stock to enhance 67.51% over the following twelve month.

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

Maxeon Solar Technologies Signs Arrangements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar advancement and networks, today announced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

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

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be working with Maxeon Solar Technologies to meet this mission as we move forward with more growth chances. Having a strong component partner currently with a solid manufacturing visibility supplies our organization with the convenience required to turn our focus to a smooth project implementation technique.”.

” We believe that the united state solar market is positioned for proceeded solid growth,” claimed Jeff Seas, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s strong setting as a major component provider right into the huge and also expanding U.S. energy scale market. We delight in to be more reinforcing our connection with vital critical partners like Cypress Creek Renewables and we expect proceeding aid power their development in the USA.”.

CCR’s nuclear power plant tasks will certainly be supplied from Maxeon’s lately expanded Efficiency line module ability designed to offer the U.S. solar power plant market with advanced high-efficiency bifacial products that optimize consumer levelized cost of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® and SunPower ® brand name solar panels, as well as has sales procedures in more than 100 countries, running under the SunPower brand name in particular countries outside the USA. The firm is a leader in solar technology with accessibility to over 1,000 patents as well as 2 best-in-class photovoltaic panel line of product. Maxeon items cover the international roof as well as solar power plant markets with a network of more than 1,400 trusted partners and representatives.