Maxeon Solar Technologies Ltd MAXN stock price is reduced by -67.74% over the last twelve month, and the ordinary rating from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN stock a score of 30 out of a possible 100.
That ranking is primarily influenced by a short-term technological rating of 1. MAXN’s rank additionally consists of a long-lasting technological rating of 37. The fundamental rating for MAXN is 50. Along with the average rating from Wall Street analysts, MAXN stock has a mean target price of $18.13. This implies experts expect the stock to raise 67.51% over the following 12 months.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has increased 0.99% as of 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price 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 one year.
Maxeon Solar Technologies Indicators Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a worldwide leader in solar innovation as well as networks, today introduced that leading solar firm 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 Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted obtain as much as 315MW of Performance line modules to power multiple solar tasks in both Washington and Texas. This new order follows 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 working with Maxeon Solar Technologies to satisfy this objective as we progress with further growth chances. Having a strong component companion currently with a strong manufacturing presence offers our organization with the convenience needed to turn our emphasis to a smooth job execution method.”.
” Our company believe that the united state solar market is poised for proceeded solid growth,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong position as a major component supplier right into the large and also expanding united state energy scale market. We delight in to be further enhancing our connection with key strategic companions like Cypress Creek Renewables and we look forward to proceeding help power their growth in the United States.”.
CCR’s power plant jobs will be provided from Maxeon’s just recently increased Efficiency line module capacity designed to serve the U.S. solar energy plant market with leading-edge high-efficiency bifacial products that maximize consumer levelized cost of energy (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® as well as SunPower ® brand name solar panels, and has sales operations in more than 100 nations, operating under the SunPower brand in particular nations outside the USA. The firm is a leader in solar technology with accessibility to over 1,000 patents as well as two best-in-class solar panel product lines. Maxeon items span the international roof and also solar energy plant markets via a network of more than 1,400 relied on companions and suppliers.
