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Stock impact report

Array Technologies: Upgraded To Buy As Near-Term Uncertainties Ease [Seeking Alpha]

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Q3 bookings surged, driving the order book to $1.9B and signaling robust recovery in ARRY's core business. 45x credit eligibility from the APA acquisition materially boosts margin potential, with EBITDA margins now guided above 20%. ARRY trades at ~10x forward P/E, with the market not yet reflecting improved growth and risk profile. Justin Paget/DigitalVision via Getty Images Investment overview I wrote about Array Technologies ( ARRY ) previously with a hold rating, as I don't expect valuation multiples to see any positive re-rating given the regulatory ambiguity. I now upgrade ARRY to a buy This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with Show less Read more
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