Barclays lowered the firm’s price target on Array Technologies to $22 from $30 and keeps an Overweight rating on the shares. The company’s Q3 results were “some good, some bad”, with the good being a large multi-year supply agreement and a pipeline that doubled in size during the quarter, while the was contained revenue push-outs resulting in lowered FY23 guidance and weaker than expected bookings, the analyst tells investors in a research note.
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