Maxeon Solar Technologies Ltd MAXN stock is lower by -67.74% over the last twelve month, as well as the ordinary ranking from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN stock a rating of 30 out of a possible 100.
That ranking is primarily affected by a short-term technological rating of 1. MAXN’s ranking additionally consists of a long-term technical score of 37. The basic rating for MAXN is 50. In addition to the ordinary rating from Wall Street experts, MAXN stock has a mean target cost of $18.13. This means experts expect the stock to boost 67.51% over the next twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually risen 0.99% since 10:58 get on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 4.64 per share in the over the last one year.
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 worldwide leader in solar development and channels, today announced that leading solar company Cypress Creek Renewables (” CCR”) positioned a multi-year order for roughly 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Performance line solar modules.
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted obtain as much as 315MW of Performance line modules to power several solar jobs in both Washington and Texas. This brand-new order complies with an earlier purchase by CCR of 48MW of Maxeon’s Performance line components.
Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is delighted to be working with Maxeon Solar Technologies to fulfill this objective as we move forward with more development possibilities. Having a strong module companion at this time with a strong manufacturing visibility provides our organization with the comfort needed to transform our emphasis to a seamless project implementation strategy.”.
” Our company believe that the united state solar market is positioned for continued strong growth,” stated Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This bargain validates Maxeon’s strong placement as a significant component provider into the big and also growing united state utility range market. We delight in to be more strengthening our connection with essential strategic partners like Cypress Creek Renewables and also we look forward to continuing help power their growth in the United States.”.
CCR’s nuclear power plant jobs will be supplied from Maxeon’s lately broadened Performance line component capability developed to serve the united state solar energy plant market with advanced high-efficiency bifacial products that maximize consumer levelized cost of power (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Modification ™. Headquartered in Singapore, Maxeon layouts and makes Maxeon ® and also SunPower ® brand name solar panels, as well as has sales procedures in more than 100 nations, running under the SunPower brand name in certain nations outside the United States. The company is a leader in solar development with access to over 1,000 licenses and two best-in-class solar panel product lines. Maxeon items cover the global rooftop and also solar energy plant markets with a network of greater than 1,400 trusted partners as well as representatives.