Maxeon Solar Technologies Ltd MAXN stock is lower by -67.74% over the last year, as well as the average 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 rank is mainly affected by a temporary technological score of 1. MAXN’s ranking additionally includes a long-term technological score of 37. The basic rating for MAXN is 50. Along with the typical score from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This indicates analysts anticipate the stock to enhance 67.51% over the next twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last one 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 global leader in solar advancement and also networks, 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 Efficiency line solar components.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to acquire approximately 315MW of Efficiency line modules to power numerous solar jobs in both Washington as well as Texas. This new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line components.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be collaborating with Maxeon Solar Technologies to accomplish this goal as we move forward with more growth opportunities. Having a solid module partner right now with a strong production presence gives our company with the comfort required to turn our emphasis to a smooth task implementation method.”.
” Our company believe that the united state solar market is poised for proceeded solid growth,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid position as a significant component supplier into the big and also growing united state energy scale market. We delight in to be further strengthening our connection with vital critical partners like Cypress Creek Renewables as well as we anticipate proceeding help power their growth in the USA.”.
CCR’s power plant projects will be provided from Maxeon’s recently increased Efficiency line component capability designed to offer the U.S. solar energy plant market with advanced high-efficiency bifacial items that optimize consumer levelized expense of energy (LCOE).
Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles and also makes Maxeon ® and SunPower ® brand solar panels, and has sales operations in greater than 100 nations, running under the SunPower brand in certain countries outside the United States. The company is a leader in solar technology with access to over 1,000 licenses as well as two best-in-class photovoltaic panel product. Maxeon items extend the international rooftop and also solar energy plant markets via a network of more than 1,400 trusted companions as well as distributors.
