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

Maxeon Solar Technologies Ltd MAXN stock price is lower by -67.74% over the last year, as well as the ordinary score from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a score of 30 out of a possible 100.

That ranking is mostly affected by a temporary technological rating of 1. MAXN’s ranking also includes a lasting technical score of 37. The fundamental score for MAXN is 50. Along with the ordinary rating from Wall Street analysts, MAXN stock has a mean target price of $18.13. This means experts expect 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 dropped -7.04% while the S&P 500 has actually risen 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.

Maxeon Solar Technologies Signs Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar innovation and channels, today introduced that leading solar business Cypress Creek Renewables (” CCR”) put a multi-year order for roughly 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 consented to obtain as much as 315MW of Performance line modules to power multiple solar tasks in both Washington and also Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to satisfy this objective as we move on with additional advancement possibilities. Having a solid component partner currently with a solid production visibility provides our company with the comfort needed to transform our focus to a smooth project implementation approach.”.

” We believe that the united state solar market is positioned for continued strong growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong setting as a significant component vendor right into the huge as well as expanding U.S. utility range market. We delight in to be further enhancing our relationship with essential tactical partners like Cypress Creek Renewables as well as we expect proceeding aid power their growth in the United States.”.

CCR’s power plant jobs will be provided from Maxeon’s lately expanded Performance line component ability designed to offer the united state solar energy plant market with groundbreaking high-efficiency bifacial items that maximize client levelized cost of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon layouts and also manufactures Maxeon ® and also SunPower ® brand name solar panels, and has sales procedures in greater than 100 countries, operating under the SunPower brand name in specific nations outside the United States. The firm is a leader in solar development with access to over 1,000 licenses and also two best-in-class solar panel product. Maxeon items span the global rooftop and solar energy plant markets with a network of more than 1,400 trusted companions as well as suppliers.