Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last year, as well as the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN stock a score of 30 out of a feasible 100.

That ranking is mostly affected by a temporary technological score of 1. MAXN’s ranking likewise includes a lasting technological score of 37. The essential rating for MAXN is 50. In addition to the ordinary score from Wall Street experts, MAXN stock has a mean target price of $18.13. This indicates experts expect the stock to boost 67.51% over the following 12 months.

What’s Happening 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 lower by -$ 0.82 from the previous closing cost 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 one year.

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”) 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually consented to acquire as much as 315MW of Efficiency line components to power several solar jobs in both Washington as well as Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Efficiency line modules.

Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be collaborating with Maxeon Solar Technologies to meet this mission as we progress with additional development chances. Having a solid module companion right now with a solid production existence gives our organization with the convenience required to transform our emphasis to a smooth task execution approach.”.

” We believe that the U.S. solar market is poised for continued strong growth,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid setting as a significant component distributor right into the big and growing U.S. energy range market. We are pleased to be further enhancing our partnership with essential calculated partners like Cypress Creek Renewables and also we anticipate continuing help power their development in the United States.”.

CCR’s nuclear power plant projects will certainly be provided from Maxeon’s lately expanded Efficiency line module ability created to serve the U.S. solar power plant market with leading-edge high-efficiency bifacial items that optimize consumer levelized price of power (LCOE).

Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Adjustment ™. Headquartered in Singapore, Maxeon styles as well as makes Maxeon ® and SunPower ® brand photovoltaic panels, and has sales operations in more than 100 countries, running under the SunPower brand in certain nations outside the USA. The business is a leader in solar development with accessibility to over 1,000 patents and two best-in-class photovoltaic panel product. Maxeon items cover the international roof as well as solar energy plant markets through a network of greater than 1,400 relied on companions as well as representatives.