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

Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last 12 months, and the ordinary 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 ranking is primarily affected by a short-term technological score of 1. MAXN’s rank also includes a long-term technical rating of 37. The fundamental score for MAXN is 50. Along with the typical ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This implies analysts expect the stock to increase 67.51% over the next twelve month.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar advancement as well as channels, today revealed that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for about 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 accepted obtain approximately 315MW of Performance line modules to power several solar projects in both Washington as well as Texas. This new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to fulfill this objective as we progress with further development possibilities. Having a strong module companion at this time with a solid manufacturing visibility provides our company with the comfort needed to turn our emphasis to a smooth task implementation method.”.

” We believe that the U.S. solar market is positioned for proceeded solid development,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s strong placement as a major component supplier right into the big and growing U.S. energy scale market. We are pleased to be additional reinforcing our partnership with vital strategic companions like Cypress Creek Renewables and also we expect proceeding help power their growth in the United States.”.

CCR’s nuclear power plant jobs will be supplied from Maxeon’s just recently increased Performance line module capacity created to offer the united state solar energy plant market with leading-edge high-efficiency bifacial items that enhance consumer levelized cost of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon designs and also makes Maxeon ® as well as SunPower ® brand name photovoltaic panels, and has sales procedures in more than 100 countries, running under the SunPower brand in certain countries outside the USA. The firm is a leader in solar advancement with accessibility to over 1,000 patents as well as two best-in-class solar panel product lines. Maxeon products cover the international rooftop and solar energy plant markets with a network of greater than 1,400 relied on partners as well as distributors.