Northland analyst Donovan Schafer named Array Technologies (ARRY) as one of the analysts two top picks for 2024, noting Array “has become the perceived underdog” versus Nextracker (NXT) despite “having so much going for it.” The firm, which thinks Array has wider moats and defended patents, sees sector-wide tailwinds as likely to boost both and keeps an Outperform rating and $27 price target on Array shares.
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