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Stock impact report

Why Analysts Are Neutral On Array Technologies, Inc. (ARRY) [Yahoo! Finance]

Array Technologies, Inc. (ARRY) 
Last array technologies, inc. earnings: 5/7 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
On February 26, Baird trimmed the price target on Array Technologies, Inc. (NASDAQ:ARRY) to $10 from $11 and reiterated a Neutral rating. According to TheFly, this downward price revision comes as the firm adjusted its model to better reflect the company's mixed fourth-quarter performance. On the other hand, Deutsche Bank downgraded Array Technologies, Inc. (NASDAQ:ARRY) to Hold from Buy and lowered the price target from $11 to $9 on February 25. In its analysis, the bank cited weaker adjusted EBITDA guidance and margin profile. In the fourth quarter, Array Technologies, Inc. (NASDAQ:ARRY) delivered a revenue of $226 million, slightly above forecasts, and an adjusted loss per share of $0.01, missing the consensus estimate of $0.0013. Deutsche Bank highlighted that the management appeared optimistic during the earnings call, with a supportive environment expected for the latter half of the year. For the quarters ahead, Array Technologies, Inc. (NASDAQ:ARRY) anticipates meaningfu Show less Read more
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