What's Going On With Array Technologies Stock?
Portfolio Pulse from Erica Kollmann
Array Technologies, Inc. (NASDAQ:ARRY) shares have risen over 9% in the past five days, following a Market Perform rating and a $16 price target from BMO Capital analyst Ameet Thakkar. Additionally, the company announced its new Hail Response System, designed to protect solar assets from hail damage using advanced weather prediction algorithms. This announcement comes after a severe hail storm destroyed thousands of solar panels in Texas. Wall Street analysts generally view ARRY as Neutral, with expectations of a significant price fall within the year.
March 27, 2024 | 2:50 pm
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POSITIVE IMPACT
Array Technologies received a Market Perform rating and a $16 price target from BMO Capital, and announced a new Hail Response System to protect solar assets.
The positive analyst rating and the announcement of a new product designed to protect solar assets from hail damage are likely to generate investor interest and confidence in ARRY, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100