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 46.7% and a total average return of -0.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Array Technologies (ARRY.US)$'s main analysts recently are as follows:
Following the Q3 report, there is a sense of encouragement from the company's remarks on the stabilization of the U.S. project development cycle timing. However, there is an acknowledgment that previous estimates might have been overly optimistic.
Array Technologies' Q3 results met expectations, however, there was an 11% decrease in the projected adjusted EBITDA for 2024 at the mid-point. It is anticipated that growth will resume in 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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