Maxeon Solar Technologies Ltd MAXN stock price target is reduced by -67.74% over the last twelve month, as well as the average ranking 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 rank is mainly influenced by a temporary technical rating of 1. MAXN’s rank also includes a lasting technical rating of 37. The fundamental rating for MAXN is 50. In addition to the average rating from Wall Street experts, MAXN stock has a mean target rate of $18.13. This indicates analysts anticipate the stock to enhance 67.51% over the next year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -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 $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.

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

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation as well as channels, today introduced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted procure approximately 315MW of Efficiency line modules to power numerous solar projects in both Washington and Texas. This brand-new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this objective as we move on with further development chances. Having a solid module partner currently with a strong manufacturing visibility provides our company with the convenience required to turn our focus to a seamless project execution approach.”.

” Our team believe that the U.S. solar market is poised for continued solid growth,” stated Jeff Seas, CEO at Maxeon Solar Technologies. “This offer validates Maxeon’s strong position as a significant module provider into the big and growing U.S. energy range market. We delight in to be further strengthening our relationship with key tactical partners like Cypress Creek Renewables and also we expect continuing assistance power their development in the USA.”.

CCR’s power plant jobs will be provided from Maxeon’s lately increased Efficiency line component capacity developed to offer the united state solar energy plant market with leading-edge high-efficiency bifacial products that maximize customer levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon styles and also manufactures Maxeon ® and also SunPower ® brand solar panels, and also has sales procedures in greater than 100 nations, running under the SunPower brand name in particular nations outside the USA. The company is a leader in solar innovation with access to over 1,000 patents and 2 best-in-class solar panel line of product. Maxeon items span the international roof and also solar power plant markets through a network of more than 1,400 trusted partners as well as representatives.