Maxeon Solar Technologies Ltd MAXN stock price is lower by -67.74% over the last twelve month, and the typical ranking from Wall Street analysts is a Buy. InvestorsObserver’s proprietary ranking system, offers MAXN stock a rating of 30 out of a possible 100.
That ranking is primarily influenced by a short-term technical rating of 1. MAXN’s rank also includes a long-lasting technical score of 37. The fundamental score for MAXN is 50. In addition to the typical ranking from Wall Street experts, MAXN stock has a mean target rate of $18.13. This indicates analysts expect the stock to raise 67.51% over the next one year.
What’s Occurring With MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is reduced by -$ 0.82 from the previous closing cost of $11.64 on volume of 213,028 shares. Over the past year the S&P 500 is higher by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last year.
Maxeon Solar Technologies Indicators 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 technology as well as networks, today introduced that leading solar company Cypress Creek Renewables (” CCR”) put 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 consented to procure as much as 315MW of Performance line components to power multiple solar tasks in both Washington as well as Texas. This new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Efficiency line modules.
Sarah Slusser, Chief Executive Officer at Cypress Creek commented, “Cypress Creek Renewables is thrilled to be dealing with Maxeon Solar Technologies to meet this mission as we move on with more advancement opportunities. Having a solid component companion right now with a strong manufacturing visibility provides our company with the convenience needed to turn our emphasis to a seamless project execution method.”.
” Our team believe that the united state solar market is poised for continued strong development,” said Jeff Waters, Chief Executive Officer at Maxeon Solar Technologies. “This bargain confirms Maxeon’s strong placement as a significant component provider into the large and expanding united state energy range market. We are pleased to be additional reinforcing our partnership with vital tactical companions like Cypress Creek Renewables and we expect proceeding aid power their growth in the USA.”.
CCR’s nuclear power plant projects will certainly be provided from Maxeon’s recently expanded Performance line component ability made to offer the U.S. solar energy plant market with advanced high-efficiency bifacial products that enhance customer levelized price of power (LCOE).
About Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Favorable Modification ™. Headquartered in Singapore, Maxeon layouts and produces Maxeon ® and also SunPower ® brand name photovoltaic panels, as well as has sales operations in greater than 100 nations, running under the SunPower brand name in certain countries outside the United States. The firm is a leader in solar technology with access to over 1,000 patents and also 2 best-in-class photovoltaic panel product lines. Maxeon items cover the global roof and also solar power plant markets via a network of more than 1,400 relied on companions as well as representatives.