Wells Fargo analyst Michael Blum raised the firm’s price target on Array Technologies to $31 from $28 and keeps an Overweight rating on the shares. Array’s Q2 results beat expectations and the company raised most of its 2023 guidance metrics to reflect the strong results, the analyst tells investors in a research note.
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Read More on ARRY:
- Unusually active option classes on open August 9th
- Array Technologies sees FY23 adjusted EPS $1.00-$1.07, consensus 87c
- Array Technologies reports Q2 adjusted EPS 47, consensus 18c
- Array Technologies, Inc. Reports Financial Results for the Second Quarter 2023 – Strong execution delivers revenue of $507.7 million and record gross margin of 29.6%
- Array Technologies options imply 12.8% move in share price post-earnings