Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last 12 months, and also the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN stock a score of 30 out of a feasible 100.
That ranking is mainly influenced by a temporary technological score of 1. MAXN’s rank also consists of a lasting technological score of 37. The essential rating for MAXN is 50. In addition to the typical rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This means analysts anticipate the stock to raise 67.51% over the following one year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price 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 12 months.
Maxeon Solar Technologies Indicators Agreements to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar development and networks, today revealed 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 Performance line solar modules.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has agreed to obtain up to 315MW of Performance line modules to power multiple solar jobs in both Washington as well as Texas. This new order follows an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to meet this objective as we progress with more advancement chances. Having a strong component companion currently with a solid manufacturing visibility offers our company with the convenience needed to turn our emphasis to a smooth job execution strategy.”.
” Our company believe that the united state solar market is positioned for proceeded solid development,” said Jeff Waters, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid setting as a major module distributor into the large and also growing U.S. utility range market. We delight in to be additional reinforcing our connection with essential strategic partners like Cypress Creek Renewables and we eagerly anticipate proceeding assistance power their development in the United States.”.
CCR’s power plant tasks will certainly be supplied from Maxeon’s recently increased Efficiency line component ability designed to offer the united state solar power plant market with leading-edge high-efficiency bifacial items that optimize customer levelized expense of energy (LCOE).
Concerning 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 name photovoltaic panels, and also has sales operations in more than 100 countries, running under the SunPower brand in specific countries outside the United States. The business is a leader in solar innovation with access to over 1,000 patents and two best-in-class solar panel product lines. Maxeon items span the global rooftop and solar power plant markets via a network of greater than 1,400 trusted partners and distributors.