Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last twelve month, and the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, offers MAXN equip a score of 30 out of a possible 100.
That ranking is mainly influenced by a short-term technical score of 1. MAXN’s rank additionally consists of a lasting technical rating of 37. The essential score for MAXN is 50. Along with the typical rating from Wall Street experts, MAXN stock has a mean target cost of $18.13. This indicates experts expect the stock to boost 67.51% over the next twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has risen 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is reduced by -67.74%. MAXN shed -$ 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), a global leader in solar development and also channels, today introduced that leading solar company Cypress Creek Renewables (” CCR”) put a multi-year order for around 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 actually consented to procure approximately 315MW of Performance line modules to power numerous solar jobs in both Washington and Texas. This new order complies with 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 meet this objective as we move forward with additional development possibilities. Having a strong component partner right now with a solid manufacturing visibility supplies our company with the convenience needed to turn our focus to a smooth task implementation technique.”.
” Our team believe that the U.S. solar market is positioned for continued strong development,” claimed Jeff Seas, CEO at Maxeon Solar Technologies. “This offer confirms Maxeon’s solid setting as a significant component distributor right into the big and growing united state utility scale market. We are pleased to be additional enhancing our connection with essential calculated companions like Cypress Creek Renewables and also we eagerly anticipate proceeding assistance power their development in the United States.”.
CCR’s power plant projects will certainly be provided from Maxeon’s recently broadened Efficiency line module capability developed to offer the united state solar energy plant market with groundbreaking high-efficiency bifacial products that optimize client levelized expense of energy (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon styles and makes Maxeon ® and SunPower ® brand name solar panels, and also has sales operations in more than 100 countries, running under the SunPower brand in specific nations outside the United States. The firm is a leader in solar technology with accessibility to over 1,000 patents and also two best-in-class photovoltaic panel product lines. Maxeon products extend the global roof and also solar energy plant markets with a network of greater than 1,400 trusted partners and suppliers.