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

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

That rank is largely influenced by a short-term technical rating of 1. MAXN’s ranking likewise consists of a lasting technological rating of 37. The essential rating for MAXN is 50. Along with the typical score from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This means analysts anticipate the stock to increase 67.51% over the following year.

What’s Happening 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 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last year.

Maxeon Solar Technologies Signs Agreements to provide over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

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

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to procure approximately 315MW of Performance line components to power multiple solar tasks in both Washington and Texas. This brand-new order complies with 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 meet this goal as we move forward with further development possibilities. Having a strong component partner currently with a strong manufacturing presence offers our company with the comfort needed to transform our emphasis to a smooth job execution method.”.

” Our team believe that the united state solar market is positioned for continued strong growth,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s strong setting as a major component vendor into the big and also expanding U.S. energy range market. We delight in to be more strengthening our connection with key calculated partners like Cypress Creek Renewables as well as we eagerly anticipate continuing aid power their development in the United States.”.

CCR’s power plant projects will certainly be supplied from Maxeon’s recently broadened Efficiency line module capability designed to offer the united state solar energy plant market with advanced high-efficiency bifacial items that optimize customer levelized cost of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts and also produces Maxeon ® and SunPower ® brand name photovoltaic panels, and has sales operations in more than 100 nations, operating under the SunPower brand name in particular countries outside the United States. The business is a leader in solar innovation with accessibility to over 1,000 patents and also 2 best-in-class solar panel line of product. Maxeon items span the international roof as well as solar energy plant markets via a network of greater than 1,400 trusted partners and also suppliers.

Francis Snyder

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