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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 12 months, as well as the ordinary score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a score of 30 out of a feasible 100.

That ranking is mainly influenced by a temporary technical score of 1. MAXN’s ranking also consists of a long-lasting technological score of 37. The essential score for MAXN is 50. Along with the typical ranking from Wall Street experts, MAXN stock has a mean target price of $18.13. This suggests analysts anticipate the stock to raise 67.51% over the next year.

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

Maxeon Solar Technologies Indications Arrangements to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar innovation and also channels, today revealed that leading solar business Cypress Creek Renewables (” CCR”) positioned 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually agreed to obtain up to 315MW of Efficiency line modules to power multiple solar projects in both Washington and 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 thrilled to be collaborating with Maxeon Solar Technologies to accomplish this objective as we move forward with further development chances. Having a strong module companion at this time with a solid production existence offers our company with the comfort required to transform our emphasis to a seamless job implementation strategy.”.

” Our team believe that the united state solar market is positioned for proceeded solid development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong setting as a major module vendor into the big and growing U.S. utility range market. We are pleased to be further reinforcing our connection with essential critical companions like Cypress Creek Renewables as well as we look forward to proceeding help power their growth in the USA.”.

CCR’s nuclear power plant tasks will be supplied from Maxeon’s just recently increased Performance line component capability created to serve the united state solar energy plant market with groundbreaking high-efficiency bifacial items that enhance customer levelized cost of energy (LCOE).

About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon styles and produces Maxeon ® and SunPower ® brand solar panels, and has sales procedures in more than 100 nations, operating under the SunPower brand in specific nations outside the USA. The company is a leader in solar advancement with accessibility to over 1,000 patents and two best-in-class photovoltaic panel product lines. Maxeon products extend the international rooftop as well as solar power plant markets through a network of greater than 1,400 relied on partners and also suppliers.

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