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

Maxeon Solar Technologies Ltd MAXN stock prediction is lower by -67.74% over the last 12 months, and the typical rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a rating of 30 out of a possible 100.

That ranking is mainly affected by a short-term technical rating of 1. MAXN’s rank additionally consists of a lasting technical rating of 37. The basic score for MAXN is 50. In addition to the typical rating from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This suggests analysts anticipate the stock to raise 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 increased 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Indications 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 technology and also networks, today introduced that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure up to 315MW of Efficiency line components to power numerous solar tasks in both Washington as well as Texas. This brand-new order follows an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to fulfill this goal as we move forward with more development possibilities. Having a solid component companion at this time with a solid production presence provides our company with the comfort required to transform our emphasis to a seamless project implementation approach.”.

” Our team believe that the U.S. solar market is positioned for proceeded strong growth,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain validates Maxeon’s solid position as a significant component provider right into the big and also growing U.S. utility scale market. We are pleased to be additional strengthening our connection with vital strategic partners like Cypress Creek Renewables and also we look forward to continuing aid power their growth in the USA.”.

CCR’s power plant jobs will certainly be provided from Maxeon’s recently expanded Efficiency line module capacity designed to serve the united state solar power plant market with advanced high-efficiency bifacial items that optimize consumer levelized expense of power (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon designs as well as manufactures Maxeon ® and SunPower ® brand name solar panels, and also has sales procedures in greater than 100 countries, running under the SunPower brand name in particular nations outside the USA. The business is a leader in solar development with accessibility to over 1,000 patents and also 2 best-in-class photovoltaic panel product lines. Maxeon items extend the worldwide roof and also solar power plant markets via a network of more than 1,400 relied on companions and representatives.