Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last one year, and also the average ranking from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN equip a rating of 30 out of a feasible 100.
That ranking is primarily affected by a temporary technological score of 1. MAXN’s ranking likewise includes a lasting technical rating of 37. The fundamental score for MAXN is 50. Along with the average ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This indicates analysts anticipate the stock to raise 67.51% over the next twelve month.
What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has dropped -7.04% while the S&P 500 has risen 0.99% as of 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last 12 months.
Maxeon Solar Technologies Indications Agreements to supply 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 networks, today announced that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for about 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted acquire as much as 315MW of Performance line components to power several solar tasks in both Washington as well as Texas. This brand-new order adheres to an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to satisfy this objective as we move on with additional development opportunities. Having a solid component companion at this time with a strong manufacturing presence supplies our company with the convenience required to turn our emphasis to a smooth job implementation method.”.
” We believe that the united state solar market is positioned for proceeded strong development,” said Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This offer confirms Maxeon’s strong placement as a major component supplier right into the big and expanding U.S. utility range market. We are pleased to be additional reinforcing our partnership with key calculated companions like Cypress Creek Renewables and also we look forward to continuing aid power their growth in the United States.”.
CCR’s power plant jobs will be supplied from Maxeon’s lately expanded Efficiency line module capacity designed to serve the united state solar energy plant market with advanced high-efficiency bifacial products that optimize customer levelized price of power (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon layouts and also manufactures Maxeon ® and also SunPower ® brand photovoltaic panels, and has sales procedures in greater than 100 nations, operating under the SunPower brand name in specific countries outside the United States. The firm is a leader in solar innovation with accessibility to over 1,000 patents as well as 2 best-in-class photovoltaic panel product. Maxeon items span the worldwide roof as well as solar energy plant markets with a network of greater than 1,400 relied on companions and also suppliers.