Maxeon Solar Technologies Ltd MAXN stock prediction is lower by -67.74% over the last 12 months, as well as the ordinary score 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 rank is mostly influenced by a temporary technical rating of 1. MAXN’s rank additionally consists of a lasting technical score of 37. The fundamental rating for MAXN is 50. Along with the average score from Wall Street analysts, MAXN stock has a mean target price of $18.13. This implies analysts anticipate the stock to increase 67.51% over the following year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually increased 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing price of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last 12 months.
Maxeon Solar Technologies Indications Contracts to provide over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar technology 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 Efficiency line solar components.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted acquire approximately 315MW of Efficiency line modules to power several solar tasks in both Washington as well as Texas. This brand-new order follows 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 collaborating with Maxeon Solar Technologies to accomplish this objective as we move forward with more advancement chances. Having a strong module partner at this time with a strong manufacturing existence supplies our company with the convenience needed to turn our emphasis to a smooth project implementation method.”.
” We believe that the U.S. solar market is poised for continued strong development,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This offer validates Maxeon’s solid placement as a major component distributor right into the large and also growing U.S. utility scale market. We are pleased to be more enhancing our partnership with key calculated companions like Cypress Creek Renewables and we look forward to proceeding assistance power their growth in the USA.”.
CCR’s power plant jobs will be provided from Maxeon’s recently increased Efficiency line module capacity made to offer the U.S. solar energy plant market with advanced high-efficiency bifacial items that maximize consumer levelized expense of energy (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon styles and produces Maxeon ® and SunPower ® brand solar panels, and has sales procedures in more than 100 nations, running under the SunPower brand in specific countries outside the United States. The business is a leader in solar advancement with access to over 1,000 licenses as well as two best-in-class photovoltaic panel line of product. Maxeon products extend the global rooftop and solar energy plant markets through a network of more than 1,400 relied on partners and distributors.