Guggenheim analyst Joseph Osha lowered the firm’s price target on Array Technologies to $35 from $36 and keeps a Buy rating on the shares following Q4 results. Potential upside from benefits associated with the Inflation Reduction Act is not yet reflected in the firm’s model or the stock’s valuation, the analyst tells investors.
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Read More on ARRY:
- Array Technologies sees FY23 adjusted EPS 75c-85c, consensus 78c
- Array Technologies reports Q4 adjusted EPS 10c, consensus 8c
- Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2022 – Delivers full year revenue increase of 92% from 2021 to $1.6 billion, exiting the year with Fourth Quarter 2022 gross margin of 20.0%
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