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Array Technologies Stock Charges Higher. A New Bull Sees a Bright Future. - Barron's

Jul 12, 2024, 11:36 AM EDT1 sourcesAI-analyzed

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Citi upgrades Array Technologies to Buy from Neutral. Lowered revenue estimate for 2025, cut price target to $14. Array stock jumped 7.6% following positive industry news. Investors worried about near-term challenges, but long-term growth intact. Company expected to maintain 30% gross margin in 2025.

  • Citi upgrades Array Technologies to Buy from Neutral.
  • Lowered revenue estimate for 2025, cut price target to $14.
  • Array stock jumped 7.6% following positive industry news.
  • Investors worried about near-term challenges, but long-term growth intact.
  • Company expected to maintain 30% gross margin in 2025.

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