Maxeon Solar Technologies Ltd MAXN stock price target is lower by -67.74% over the last 12 months, and also the average rating from Wall Street experts is a Buy. InvestorsObserver’s exclusive ranking system, provides MAXN stock a rating of 30 out of a feasible 100.
That rank is largely influenced by a short-term technological rating of 1. MAXN’s rank likewise includes a long-term technological rating of 37. The essential rating for MAXN is 50. Along with the typical rating from Wall Street analysts, MAXN stock has a mean target cost of $18.13. This suggests analysts anticipate the stock to enhance 67.51% over the next one year.
What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has actually fallen -7.04% while the S&P 500 has actually increased 0.99% since 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing price of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN shed -$ 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 revealed that leading solar firm Cypress Creek Renewables (” CCR”) put a multi-year order for about 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 agreed to procure approximately 315MW of Efficiency line modules to power numerous solar projects in both Washington and also Texas. This new order follows 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 satisfy this mission as we move on with more development opportunities. Having a strong module partner right now with a strong manufacturing visibility offers our organization with the comfort required to transform our focus to a smooth job implementation technique.”.
” We believe that the U.S. solar market is poised for continued strong growth,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This deal validates Maxeon’s strong position as a major component supplier right into the huge and also growing united state energy range market. We are pleased to be further strengthening our partnership with essential calculated partners like Cypress Creek Renewables as well as we anticipate proceeding help power their growth in the USA.”.
CCR’s power plant tasks will be provided from Maxeon’s just recently broadened Efficiency line module capacity created to serve the U.S. solar energy plant market with advanced high-efficiency bifacial products that enhance customer levelized price of energy (LCOE).
Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Adjustment ™. Headquartered in Singapore, Maxeon layouts and also manufactures Maxeon ® and also SunPower ® brand photovoltaic panels, as well as has sales procedures in more than 100 countries, running under the SunPower brand in certain nations outside the United States. The company is a leader in solar innovation with accessibility to over 1,000 patents and 2 best-in-class solar panel line of product. Maxeon products extend the global rooftop as well as solar power plant markets through a network of more than 1,400 trusted partners and suppliers.