Streetbeat News

ARRY

Array Technologies, Inc.

https://arraytechinc.com

Industry

Solar

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

Open

7.72

Mkt cap

1B

Volume

7.5M

High

7.75

P/E Ratio

-6.99

52-wk high

20.15

Low

6.84

Div yield

N/A

52-wk low

5.56

Susquehanna analyst Biju Perincheril maintains a Positive rating on Array Technologies but lowers the price target from $14 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 3:43 pm

Truist Securities has maintained a Buy rating on Array Technologies but lowered the price target from $12 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 2:18 pm

BMO Capital has maintained a Market Perform rating on Array Technologies but has lowered the price target from $11 to $9.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 4:57 pm

Solar stocks are experiencing a downturn as Jefferies reduces its price target for First Solar from $271 to $266, potentially affecting other solar companies.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 3:31 pm

U.S. stocks rose on Wednesday, with notable gains from Arcadium Lithium, MicroCloud Hologram, Helen of Troy, Astera Labs, and others. Arcadium Lithium surged 30.5% after announcing its acquisition by Rio Tinto. Norwegian Cruise Line and GitLab also saw significant gains following analyst upgrades.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:38 pm

Guggenheim analyst Joseph Osha maintains a Buy rating on Array Technologies but lowers the price target from $14 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:09 pm

Array Technologies (NASDAQ: ARRY) has been evaluated by 18 analysts over the past three months, with a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 28.1% to $13.64. Analysts have lowered their ratings and price targets, reflecting concerns over the company's recent financial performance, including a significant revenue decline. Despite challenges, Array Technologies shows strong net margin, ROE, and ROA, but faces high debt management risks.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 4:00 pm

Barclays analyst Christine Cho maintains an Overweight rating on Array Technologies but lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:24 pm

Solar stocks surged following Vice President Kamala Harris's strong debate performance against Donald Trump, signaling potential stability for clean energy policies. The Invesco Solar ETF (TAN) rose 3.7%, with top gainers including First Solar, Shoals Technologies, and Canadian Solar.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 3:37 pm

Solar stocks are experiencing a rise in share prices following the Trump-Harris debate, where VP Harris expressed support for diverse energy sources.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:21 pm

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