Maxeon Solar Technologies Ltd MAXN stock prediction is reduced by -67.74% over the last twelve month, and also the typical score from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN equip a rating of 30 out of a possible 100.
That rank is mainly influenced by a short-term technological rating of 1. MAXN’s rank likewise includes a long-lasting technical rating of 37. The basic score for MAXN is 50. In addition to the typical score from Wall Street experts, MAXN stock has a mean target cost of $18.13. This indicates experts expect the stock to increase 67.51% over the following year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually increased 0.99% as of 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate 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 Agreements to provide 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 announced that leading solar firm Cypress Creek Renewables (” CCR”) positioned a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to acquire approximately 315MW of Performance line modules to power numerous solar projects in both Washington and Texas. This new order complies with an earlier purchase by CCR of 48MW of Maxeon’s Performance line components.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be working with Maxeon Solar Technologies to fulfill this objective as we progress with additional development chances. Having a strong module companion right now with a solid production visibility provides our organization with the convenience required to turn our focus to a smooth job implementation strategy.”.
” We believe that the U.S. solar market is poised for proceeded solid development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This deal verifies Maxeon’s strong placement as a significant module distributor into the huge and also growing U.S. energy range market. We are pleased to be additional strengthening our relationship with vital tactical companions like Cypress Creek Renewables and we expect continuing assistance power their growth in the USA.”.
CCR’s power plant jobs will certainly be supplied from Maxeon’s lately expanded Efficiency line module ability designed to serve the U.S. solar power plant market with leading-edge high-efficiency bifacial items that maximize customer levelized price of power (LCOE).
Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon styles as well as produces Maxeon ® and also SunPower ® brand photovoltaic panels, as well as has sales operations in greater than 100 nations, running under the SunPower brand in certain nations outside the United States. The firm is a leader in solar innovation with accessibility to over 1,000 patents and also 2 best-in-class photovoltaic panel product. Maxeon items cover the international rooftop as well as solar energy plant markets through a network of more than 1,400 relied on partners as well as representatives.