Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last year, as well as the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a rating of 30 out of a possible 100.
That ranking is primarily influenced by a short-term technological score of 1. MAXN’s rank also consists of a lasting technical score of 37. The fundamental rating for MAXN is 50. In addition to the average ranking from Wall Street analysts, MAXN stock has a mean target price of $18.13. This implies experts expect the stock to enhance 67.51% over the next year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.
Maxeon Solar Technologies Signs Contracts to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar development and channels, today revealed 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 Efficiency line solar components.
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to acquire up to 315MW of Performance line components to power numerous solar jobs in both Washington and also Texas. This brand-new order complies with an earlier purchase by CCR of 48MW of Maxeon’s Performance line components.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to accomplish this goal as we progress with further advancement opportunities. Having a solid module companion currently with a strong production visibility offers our organization with the convenience required to transform our emphasis to a smooth job implementation strategy.”.
” Our company believe that the U.S. solar market is poised for continued strong development,” stated Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain verifies Maxeon’s strong placement as a major component supplier right into the huge and also growing U.S. utility scale market. We delight in to be further strengthening our relationship with vital calculated companions like Cypress Creek Renewables and also we expect continuing help power their growth in the United States.”.
CCR’s power plant jobs will be provided from Maxeon’s just recently broadened Efficiency line component ability created to serve the united state solar power plant market with advanced high-efficiency bifacial items that maximize consumer levelized expense of power (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon styles and also manufactures Maxeon ® as well as SunPower ® brand name photovoltaic panels, and has sales operations in greater than 100 nations, running under the SunPower brand in specific nations outside the USA. The business is a leader in solar innovation with access to over 1,000 licenses and two best-in-class solar panel product. Maxeon products extend the international rooftop as well as solar power plant markets through a network of more than 1,400 relied on partners and distributors.