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Stock impact report

Array Technologies: An Interesting Business That Could Be A Value Trap [Seeking Alpha]

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Post-acquisition challenges, notably STI Norland's negative gross profit and a $29.5M inventory charge, have materially pressured ARRY's margins and investor sentiment. Adjusted for preferred stock, ARRY trades at a 9x EV/EBITDA FWD multiple; margin normalization and reduced reliance on 45X credits are essential for re-rating. I assign a Hold rating, pending several quarters of sustained margin improvement from core operations, not 45X credits or accouting timing effects . very good/E+ via Getty Images The solar sector is going up, ARRY is falling. These are not good times for Array Technologies Inc. ( ARRY ) since its latest earnings release, and week after week, this downward drift does not seem to Show less Read more
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