Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last twelve month, and the typical score from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a score of 30 out of a possible 100.

That rank is mainly affected by a short-term technological rating of 1. MAXN’s ranking additionally includes a long-term technological rating of 37. The basic rating for MAXN is 50. Along with the average ranking from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This suggests analysts expect the stock to increase 67.51% over the next one year.

What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 4.64 per share in the over the last twelve month.

Maxeon Solar Technologies Indicators Contracts to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development and channels, today revealed that leading solar business Cypress Creek Renewables (” CCR”) positioned a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar modules.

Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted obtain as much as 315MW of Performance line components to power numerous solar projects in both Washington as well as Texas. This new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line components.

Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this goal as we move forward with more advancement chances. Having a solid module partner at this time with a solid manufacturing existence supplies our company with the comfort required to transform our emphasis to a smooth job execution approach.”.

” Our company believe that the U.S. solar market is positioned for proceeded solid growth,” claimed Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s strong placement as a significant module vendor into the large as well as growing united state utility scale market. We delight in to be additional enhancing our relationship with crucial tactical partners like Cypress Creek Renewables and we look forward to continuing help power their development in the USA.”.

CCR’s nuclear power plant projects will be provided from Maxeon’s lately broadened Performance line component ability made to offer the U.S. solar power plant market with leading-edge high-efficiency bifacial products that optimize consumer levelized expense of energy (LCOE).

Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon designs and produces Maxeon ® and also SunPower ® brand photovoltaic panels, and has sales procedures in more than 100 countries, operating under the SunPower brand name in specific countries outside the United States. The firm is a leader in solar advancement with accessibility to over 1,000 licenses as well as two best-in-class solar panel product lines. Maxeon products span the global roof and solar energy plant markets with a network of more than 1,400 trusted companions as well as distributors.