Maxeon Solar Technologies Ltd MAXN stock price target is lower by -67.74% over the last 12 months, and the average ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a rating of 30 out of a feasible 100.
That ranking is largely influenced by a temporary technological rating of 1. MAXN’s rank additionally consists of a lasting technical rating of 37. The fundamental score for MAXN is 50. Along with the average score from Wall Street analysts, MAXN stock has a mean target rate of $18.13. This means experts anticipate the stock to increase 67.51% over the next 12 months.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually climbed 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last one year.
Maxeon Solar Technologies Indications Contracts to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar development and also channels, today announced that leading solar company Cypress Creek Renewables (” CCR”) put a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.
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 Efficiency line modules to power multiple solar projects in both Washington and also Texas. This new order adheres to an earlier purchase by CCR of 48MW of Maxeon’s Performance line modules.
Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to satisfy this mission as we progress with further advancement opportunities. Having a solid module companion at this time with a strong production visibility supplies our organization with the convenience required to turn our focus to a smooth project implementation approach.”.
” Our team believe that the united state solar market is poised for proceeded strong development,” stated Jeff Waters, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid setting as a significant component provider right into the huge and growing united state energy scale market. We are pleased to be additional strengthening our relationship with key calculated companions like Cypress Creek Renewables and we anticipate continuing help power their development in the United States.”.
CCR’s nuclear power plant jobs will certainly be provided from Maxeon’s lately increased Performance line module ability created to serve the U.S. solar energy plant market with advanced high-efficiency bifacial items that optimize customer levelized cost of power (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles as well as makes Maxeon ® as well as SunPower ® brand solar panels, and has sales procedures in more than 100 nations, running under the SunPower brand name in particular countries outside the United States. The business is a leader in solar technology with accessibility to over 1,000 patents and 2 best-in-class photovoltaic panel product lines. Maxeon products extend the international rooftop and solar power plant markets with a network of greater than 1,400 trusted companions as well as representatives.