Scotiabank analyst Tristan Richardson lowered the firm’s price target on Array Technologies to $17 from $18 and keeps an Outperform rating on the shares. While the firm is slightly bringing down its shipment assumptions for Array, Scotiabank continues to believe the name is attractive due to the visibility into FY25 as bookings momentum continues, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARRY:
- Array Technologies initiated with a Positive at Susquehanna
- What You Missed This Week in EVs and Clean Energy
- SMA Solar cuts sales and earnings guidance for FY24
- Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction Act
- Array Technologies Tanks on CFO Departure