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

Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last 12 months, as well as the average rating from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN stock a score of 30 out of a feasible 100.

That ranking is mostly affected by a short-term technical score of 1. MAXN’s rank also includes a long-lasting technological rating of 37. The fundamental score for MAXN is 50. Along with the ordinary rating from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This suggests experts expect the stock to enhance 67.51% over the next 12 months.

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

Maxeon Solar Technologies Indicators Arrangements to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar innovation and networks, today introduced that leading solar business Cypress Creek Renewables (” CCR”) positioned a multi-year order for around 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 actually consented to procure as much as 315MW of Performance line modules to power several solar jobs in both Washington as well as Texas. This new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be dealing with Maxeon Solar Technologies to fulfill this mission as we progress with further development possibilities. Having a strong component partner currently with a strong production visibility provides our organization with the convenience needed to turn our focus to a seamless task execution approach.”.

” We believe that the united state solar market is poised for continued solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This bargain confirms Maxeon’s strong placement as a major component supplier right into the huge and expanding united state utility range market. We delight in to be more reinforcing our partnership with key tactical partners like Cypress Creek Renewables and also we expect proceeding aid power their development in the United States.”.

CCR’s power plant tasks will be provided from Maxeon’s lately increased Efficiency line module ability created to offer the united state solar power plant market with groundbreaking high-efficiency bifacial products that maximize customer levelized expense 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 also SunPower ® brand solar panels, as well as has sales operations in more than 100 countries, operating under the SunPower brand in certain countries outside the United States. The company is a leader in solar innovation with access to over 1,000 patents and 2 best-in-class solar panel product. Maxeon items extend the global rooftop and solar energy plant markets via a network of greater than 1,400 trusted companions and suppliers.