Maxeon Solar Technologies Ltd MAXN stock forecast is reduced by -67.74% over the last 12 months, as well as the ordinary ranking from Wall Street experts is a Buy. InvestorsObserver’s proprietary ranking system, provides MAXN equip a score of 30 out of a feasible 100.
That ranking is mostly affected by a temporary technological rating of 1. MAXN’s ranking likewise includes a lasting technological score of 37. The essential rating for MAXN is 50. In addition to the average score from Wall Street experts, MAXN stock has a mean target rate of $18.13. This suggests analysts expect the stock to raise 67.51% over the following twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is reduced by -67.74%. MAXN lost -$ 4.64 per share in the over the last twelve month.
Maxeon Solar Technologies Signs Contracts to supply over 300MW of Efficiency Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), a global leader in solar innovation and also networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) positioned a multi-year order for approximately 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar components.
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has consented to procure up to 315MW of Efficiency line components to power several solar projects in both Washington as well as 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 collaborating with Maxeon Solar Technologies to accomplish this mission as we move forward with additional development chances. Having a strong module companion currently with a solid production visibility supplies our company with the convenience needed to transform our emphasis to a seamless task execution technique.”.
” Our company believe that the U.S. solar market is positioned for proceeded solid development,” claimed Jeff Waters, CEO at Maxeon Solar Technologies. “This deal validates Maxeon’s solid setting as a major component provider into the large as well as growing united state energy scale market. We are pleased to be additional reinforcing our partnership with crucial strategic companions like Cypress Creek Renewables and also we expect proceeding help power their development in the United States.”.
CCR’s power plant projects will certainly be supplied from Maxeon’s just recently expanded Performance line component ability made to offer the U.S. solar energy plant market with leading-edge high-efficiency bifacial items that maximize consumer levelized cost of power (LCOE).
Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Change ™. Headquartered in Singapore, Maxeon layouts and manufactures Maxeon ® and also SunPower ® brand name photovoltaic panels, as well as has sales operations in more than 100 nations, running under the SunPower brand name in certain nations outside the USA. The business is a leader in solar innovation with accessibility to over 1,000 patents and also 2 best-in-class solar panel product lines. Maxeon items extend the worldwide roof and solar energy plant markets via a network of more than 1,400 relied on partners and representatives.
