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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 year, as well as the average rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a rating of 30 out of a feasible 100.

That rank is mostly influenced by a temporary technological rating of 1. MAXN’s ranking additionally includes a lasting technological rating of 37. The fundamental rating for MAXN is 50. In addition to the typical ranking from Wall Street experts, MAXN stock has a mean target price of $18.13. This indicates experts anticipate the stock to increase 67.51% over the next 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 actually climbed 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Signs Arrangements 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 as well as channels, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually consented to obtain up to 315MW of Performance line modules to power numerous solar tasks in both Washington and Texas. This new order complies with 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 accomplish this mission as we move on with additional growth possibilities. Having a strong module companion at this time with a strong production visibility gives our company with the comfort required to turn our emphasis to a seamless project execution strategy.”.

” Our team believe that the U.S. solar market is poised for proceeded solid growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s solid placement as a major component supplier right into the huge and also growing united state energy range market. We are pleased to be further reinforcing our connection with key critical companions like Cypress Creek Renewables and we anticipate proceeding help power their development in the USA.”.

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

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon layouts and makes Maxeon ® as well as SunPower ® brand solar panels, and also has sales operations in more than 100 nations, running under the SunPower brand in certain countries outside the United States. The company is a leader in solar advancement with accessibility to over 1,000 licenses and also two best-in-class solar panel product lines. Maxeon items extend the global rooftop and solar power plant markets via a network of greater than 1,400 relied on partners as well as suppliers.