Maxeon Solar Technologies Ltd MAXN stock is reduced by -67.74% over the last one year, and also the average score from Wall Street analysts is a Buy. InvestorsObserver’s exclusive ranking system, gives MAXN equip a rating of 30 out of a possible 100.
That rank is largely affected by a temporary technical rating of 1. MAXN’s ranking also includes a long-term technological rating of 37. The basic score for MAXN is 50. In addition to the ordinary rating from Wall Street experts, MAXN stock has a mean target cost of $18.13. This suggests experts expect the stock to enhance 67.51% over the next twelve month.
What’s Happening with MAXN Stock Today
Maxeon Solar Technologies Ltd (MAXN) stock has fallen -7.04% while the S&P 500 has actually climbed 0.99% as of 10:58 AM on Wednesday, Mar 2. MAXN is lower by -$ 0.82 from the previous closing rate of $11.64 on quantity of 213,028 shares. Over the past year the S&P 500 is greater by 12.36% while MAXN is lower by -67.74%. MAXN lost -$ 4.64 per share in the over the last 12 months.
Maxeon Solar Technologies Signs Agreements to supply over 300MW of Performance Line Solar Panels to Cypress Creek Renewables
Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN), an international leader in solar advancement and also networks, today announced that leading solar business Cypress Creek Renewables (” CCR”) placed a multi-year order for around 315 megawatts (MW) of Maxeon’s high-efficiency shingled bifacial Efficiency line solar components.
Maxeon Solar Technologies Logo (PRNewsfoto/Maxeon Solar Technologies).
Maxeon Solar Technologies Logo Design (PRNewsfoto/Maxeon Solar Technologies).
CCR has actually accepted acquire approximately 315MW of Efficiency line modules to power several solar tasks in both Washington as well as Texas. This brand-new order follows an earlier acquisition by CCR of 48MW of Maxeon’s Performance line components.
Sarah Slusser, CEO at Cypress Creek commented, “Cypress Creek Renewables is delighted to be collaborating with Maxeon Solar Technologies to meet this mission as we move forward with further growth opportunities. Having a strong component partner currently with a strong production presence provides our company with the convenience needed to turn our focus to a seamless job execution approach.”.
” We believe that the united state solar market is poised for proceeded strong development,” said Jeff Seas, CEO at Maxeon Solar Technologies. “This bargain validates Maxeon’s strong setting as a major module vendor right into the large as well as growing united state utility range market. We delight in to be more strengthening our partnership with vital calculated companions like Cypress Creek Renewables as well as we anticipate proceeding help power their growth in the USA.”.
CCR’s nuclear power plant jobs will certainly be provided from Maxeon’s lately expanded Performance line module ability made to serve the united state solar power plant market with leading-edge high-efficiency bifacial items that maximize consumer levelized price of energy (LCOE).
Regarding Maxeon Solar Technologies.
Maxeon Solar Technologies (NASDAQ: MAXN) is Powering Positive Change ™. Headquartered in Singapore, Maxeon designs and also makes Maxeon ® and also SunPower ® brand name photovoltaic panels, and also has sales operations in more than 100 nations, operating under the SunPower brand in particular countries outside the United States. The firm is a leader in solar development with accessibility to over 1,000 patents as well as 2 best-in-class solar panel line of product. Maxeon items cover the international rooftop as well as solar energy plant markets through a network of more than 1,400 relied on partners and suppliers.