Barclays analyst Christine Cho CFA maintains $Array Technologies (ARRY.US)$ with a buy rating, and maintains the target price at $10.
According to TipRanks data, the analyst has a success rate of 48.3% and a total average return of 1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Array Technologies (ARRY.US)$'s main analysts recently are as follows:
It is anticipated that delays and challenges will persist into the following year, and the pace of installations, which may not accurately represent the actual demand for solar, is expected to remain stable or experience modest growth. Looking towards 2025, a more conservative market projection suggests intensified competition for market share, which could lead to increased pressure on average selling prices and margins within the U.S. solar tracker market.
The firm is adjusting its 2024 estimates with the expectation that 'surprises could emerge in Q4' and has revised its target multiple on 2025 EBITDA. Despite these changes, the firm's outlook for 2025 remains unchanged, emphasizing its view that the stock maintains an attractive valuation.
Note:
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