Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last 12 months, and also the typical ranking from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN equip a score of 30 out of a feasible 100.
That ranking is primarily affected by a short-term technical score of 1. MAXN’s ranking also includes a long-lasting technical score of 37. The basic score for MAXN is 50. In addition to the ordinary score from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This indicates analysts anticipate the stock to raise 67.51% over the next twelve month.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually dropped -7.04% while the S&P 500 has climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 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 12 months.
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 also channels, today announced that leading solar firm Cypress Creek Renewables (” CCR”) placed a multi-year order for roughly 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 Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has accepted acquire up to 315MW of Efficiency line components to power several solar jobs in both Washington as well as Texas. This brand-new order complies with an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is excited to be working with Maxeon Solar Technologies to meet this objective as we move on with additional advancement possibilities. Having a solid module partner at this time with a solid manufacturing presence supplies our organization with the comfort required to turn our emphasis to a seamless project execution technique.”.
” Our company believe that the U.S. solar market is poised for continued solid development,” claimed Jeff Seas, Chief Executive Officer at Maxeon Solar Technologies. “This bargain validates Maxeon’s strong position as a major module provider into the huge and also growing U.S. utility range market. We delight in to be more enhancing our relationship with vital critical partners like Cypress Creek Renewables and we expect proceeding aid power their growth in the United States.”.
CCR’s nuclear power plant tasks will certainly be supplied from Maxeon’s recently broadened Performance line component capability designed to serve the U.S. solar energy plant market with leading-edge high-efficiency bifacial products that enhance consumer levelized price of power (LCOE).
Concerning Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon designs and also makes Maxeon ® and also SunPower ® brand name solar panels, as well as has sales operations in more than 100 nations, operating under the SunPower brand name in particular nations outside the USA. The company is a leader in solar innovation with access to over 1,000 patents as well as 2 best-in-class solar panel line of product. Maxeon items cover the international roof as well as solar energy plant markets via a network of more than 1,400 relied on partners and also representatives.
