Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last one year, as well as the typical rating from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN stock a rating of 30 out of a possible 100.
That rank is mostly influenced by a short-term technological score of 1. MAXN’s ranking also consists of a lasting technological score of 37. The fundamental score for MAXN is 50. In addition to the ordinary score from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This suggests experts anticipate the stock to increase 67.51% over the next one year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has climbed 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.
Maxeon Solar Technologies Indications Contracts 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 networks, today announced that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for roughly 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted acquire as much as 315MW of Efficiency line components to power numerous solar jobs in both Washington as well as Texas. This brand-new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Performance line modules.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be dealing with Maxeon Solar Technologies to accomplish this objective as we move forward with further advancement chances. Having a strong component companion right now with a strong manufacturing existence gives our company with the comfort needed to transform our focus to a seamless project implementation method.”.
” Our company believe that the U.S. solar market is poised for proceeded solid growth,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong placement as a major component supplier right into the huge as well as expanding U.S. energy range market. We are pleased to be additional reinforcing our partnership with vital tactical partners like Cypress Creek Renewables and also we eagerly anticipate continuing assistance power their growth in the United States.”.
CCR’s power plant jobs will be provided from Maxeon’s just recently increased Efficiency line module ability designed to offer the U.S. solar power plant market with advanced high-efficiency bifacial items that optimize consumer levelized cost of energy (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon layouts as well as produces Maxeon ® as well as SunPower ® brand name photovoltaic panels, and has sales operations in greater than 100 countries, running under the SunPower brand name in specific countries outside the USA. The firm is a leader in solar development with access to over 1,000 patents and also two best-in-class solar panel line of product. Maxeon products extend the worldwide roof and solar energy plant markets through a network of greater than 1,400 trusted companions as well as representatives.
