Barclays analyst Christine Cho lowered the firm’s price target on Array Technologies (ARRY) to $9 from $10 and keeps an Overweight rating on the shares as part of a Q4 earnings preview. The firm expects Array’s fiscal 2025 revenue outlook will come in at $1.2B given management’s guidance on backlog turnover and the current macro environment. The 2025 macro environment poised for single digit utility-scale solar growth, the analyst tells investors in a research note. Barclays believes the company’s 2025 outlook is “de-risked” compared to its 2024 outlook from a year ago.
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