Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last year, as well as the average score from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN equip a rating of 30 out of a possible 100.
That ranking is largely affected by a temporary technical score of 1. MAXN’s ranking additionally includes a lasting technological score of 37. The basic rating for MAXN is 50. In addition to the average ranking from Wall Street experts, MAXN stock has a mean target cost of $18.13. This suggests experts anticipate the stock to enhance 67.51% over the next twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually climbed 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.
Maxeon Solar Technologies Signs Arrangements 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 and also networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) put 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 (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted obtain up to 315MW of Performance line modules to power numerous solar jobs 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 delighted to be dealing with Maxeon Solar Technologies to fulfill this mission as we move forward with additional advancement possibilities. Having a solid component partner right now with a strong manufacturing presence provides our organization with the convenience required to transform our emphasis to a smooth task implementation approach.”.
” Our company believe that the U.S. solar market is positioned for continued solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This deal confirms Maxeon’s solid position as a major component distributor into the big and also expanding U.S. energy scale market. We are pleased to be additional reinforcing our partnership with vital critical partners like Cypress Creek Renewables as well as we expect continuing assistance power their development in the United States.”.
CCR’s power plant tasks will be supplied from Maxeon’s lately broadened Performance line component ability developed to offer the U.S. solar power plant market with groundbreaking high-efficiency bifacial products that enhance customer levelized price of energy (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon styles as well as produces Maxeon ® as well as SunPower ® brand name photovoltaic panels, as well as has sales operations in greater than 100 nations, running under the SunPower brand name in certain nations outside the United States. The business is a leader in solar development with access to over 1,000 licenses and two best-in-class solar panel product. Maxeon products span the global rooftop and also solar energy plant markets through a network of greater than 1,400 relied on companions and distributors.