Maxeon Solar Technologies Ltd MAXN stock forecast is lower by -67.74% over the last 12 months, and the typical score from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, gives MAXN equip a score of 30 out of a feasible 100.
That rank is primarily influenced by a short-term technological score of 1. MAXN’s rank also includes a lasting technical score of 37. The essential score for MAXN is 50. In addition to the typical rating from Wall Street experts, MAXN stock has a mean target price of $18.13. This suggests analysts anticipate the stock to boost 67.51% over the following year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has risen 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.
Maxeon Solar Technologies Indications 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 development and also networks, today revealed that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted procure as much as 315MW of Efficiency line modules to power several solar projects in both Washington and Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.
Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is excited to be dealing with Maxeon Solar Technologies to fulfill this mission as we move forward with further growth chances. Having a strong component partner right now with a solid manufacturing existence offers our company with the convenience needed to transform our emphasis to a seamless task implementation method.”.
” Our company believe that the united state solar market is positioned for continued solid development,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer confirms Maxeon’s strong placement as a major module provider right into the large as well as expanding united state utility scale market. We are pleased to be more reinforcing our relationship with crucial critical companions like Cypress Creek Renewables and we expect continuing help power their development in the USA.”.
CCR’s nuclear power plant projects will certainly be provided from Maxeon’s just recently increased Performance line module capacity created to offer the U.S. solar power plant market with groundbreaking high-efficiency bifacial items that enhance consumer levelized expense of power (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon layouts as well as makes Maxeon ® and also SunPower ® brand photovoltaic panels, and has sales procedures in greater than 100 nations, operating under the SunPower brand name in certain countries outside the United States. The business is a leader in solar innovation with access to over 1,000 patents and also two best-in-class photovoltaic panel product. Maxeon items extend the international rooftop as well as solar energy plant markets with a network of greater than 1,400 trusted companions and suppliers.
