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

Maxeon Solar Technologies Ltd MAXN stock is lower by -67.74% over the last year, and the ordinary rating from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a rating of 30 out of a feasible 100.

That ranking is primarily affected by a short-term technological rating of 1. MAXN’s rank additionally consists of a long-term technical rating of 37. The basic score for MAXN is 50. In addition to the average rating from Wall Street experts, MAXN stock has a mean target rate of $18.13. This implies analysts anticipate the stock to increase 67.51% over the following 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 actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.

Maxeon Solar Technologies Indicators Contracts to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

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

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to obtain as much as 315MW of Performance line modules to power several solar jobs in both Washington and Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to meet this goal as we move forward with additional growth opportunities. Having a strong component partner currently with a solid manufacturing visibility gives our company with the convenience required to transform our focus to a seamless project implementation approach.”.

” Our company believe that the united state solar market is positioned for proceeded strong development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a significant component supplier right into the large as well as growing united state utility range market. We delight in to be further enhancing our connection with essential strategic companions like Cypress Creek Renewables and we expect continuing aid power their development in the United States.”.

CCR’s power plant jobs will be provided from Maxeon’s just recently expanded Performance line component ability developed to serve the U.S. solar energy plant market with advanced high-efficiency bifacial items that maximize customer levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon designs and also makes Maxeon ® as well as SunPower ® brand name solar panels, and also has sales procedures in greater than 100 nations, operating under the SunPower brand name in particular countries outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 patents and 2 best-in-class photovoltaic panel product lines. Maxeon products cover the international rooftop and solar power plant markets via a network of more than 1,400 trusted partners and distributors.