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

Maxeon Solar Technologies Ltd MAXN stock price is reduced by -67.74% over the last twelve month, and also the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a rating of 30 out of a possible 100.

That ranking is largely influenced by a short-term technological rating of 1. MAXN’s ranking additionally includes a lasting technical rating of 37. The fundamental rating for MAXN is 50. In addition to the typical ranking from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means experts anticipate the stock to boost 67.51% over the following one year.

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

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology as well as networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) placed a multi-year order for roughly 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure as much as 315MW of Performance line modules to power multiple solar projects in both Washington and also Texas. This new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to meet this mission as we move forward with further advancement chances. Having a solid module companion currently with a solid manufacturing visibility gives our company with the comfort required to transform our focus to a smooth job implementation technique.”.

” Our team believe that the U.S. solar market is poised for proceeded solid growth,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This deal confirms Maxeon’s solid placement as a significant component provider into the huge and also expanding united state utility range market. We delight in to be additional enhancing our connection with crucial strategic partners like Cypress Creek Renewables and we expect proceeding help power their growth in the United States.”.

CCR’s power plant jobs will be supplied from Maxeon’s lately expanded Efficiency line component capacity created to offer the U.S. solar power plant market with advanced high-efficiency bifacial items that optimize customer levelized cost of energy (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles as well as produces Maxeon ® as well as SunPower ® brand solar panels, and has sales procedures in greater than 100 countries, operating under the SunPower brand name in particular countries outside the United States. The firm is a leader in solar innovation with accessibility to over 1,000 licenses as well as two best-in-class solar panel line of product. Maxeon products extend the international rooftop as well as solar power plant markets through a network of more than 1,400 trusted companions and also representatives.