Truist analyst Jordan Levy lowered the firm’s price target on Array Technologies to $10 from $12 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results among Alternative Energy / Mobility names. The the more structural issues associated with utility-scale project delays won’t be fixed overnight, but the firm expects that an improved financing environment amidst a rate-reduction cycle, coupled with finalization of the current AD/CVD tariff investigation by year-end and the removal of the election overhang, will amount to improved earnings visibility moving into 2025, the analyst tells investors in a research note.
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