Guggenheim analyst Joseph Osha maintains $Array Technologies (ARRY.US)$ with a buy rating, and adjusts the target price from $14 to $12.
According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of 21.3% 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, with the pace of installations expected to remain relatively steady, showing only flat to moderate single-digit growth. This does not necessarily mirror the actual underlying demand for solar products. With a more conservative projection for the market by 2025, the competition for market share is expected to intensify. This could lead to increased pressure on the average selling prices and margins within the U.S. solar tracker industry.
The firm has adjusted its future estimates for Array Technologies, anticipating potential unforeseen developments in the fourth quarter. Despite a reduction in the target multiple on projected 2025 EBITDA, the long-term outlook for 2025 remains unchanged, with the assertion that the stock continues to hold an attractive valuation.
Note:
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