Array Technologies' Long-Term Prospects For Utility-Scale Solar Wins Analyst Conviction
Array Technologies' Long-Term Prospects For Utility-Scale Solar Wins Analyst Conviction
陣列技術對公用事業規模太陽能的長期前景贏得分析師的信念
- Wells Fargo analyst Michael Blum initiated coverage on Array Technologies Inc (NASDAQ:ARRY) with an Overweight rating and a price target of $28.
- The rating reflected a blend of the analyst's target P/E multiple, target EV/EBITDA multiples, and discounted cash flow analysis.
- Array is the second-largest solar tracker company in the world, selling rotating mount systems ("trackers") for utility-scale solar installations that enable solar panels to track the sun and more effectively capture solar energy.
- Blum project ARRY to grow revenues at a CAGR (2022-2030E) of 10% (BNEF utility solar growth forecast), driven by policy support, solar's low cost, and state and federal utility mandates to de-carbonize and achieve net zero targets.
- While expecting near-term growth could be muted due to restrictive government policies on solar panel imports, the analyst likes the long-term prospects for utility-scale solar and see ARRY at an inflection point to higher margins and FCF generation.
- Also Read: First Solar Fundamentals Likely To Come Under Pressure In 2023, Analyst Downgrades Stock With 66% Price Target Cut
- Price Action: ARRY shares traded lower by 6.77% at $20.37 on the last check Tuesday.
- Wells Fargo analyst Michael Blum initiated coverage on Array Technologies Inc (NASDAQ:ARRY) with an Overweight rating and a price target of $28.
- The rating reflected a blend of the analyst's target P/E multiple, target EV/EBITDA multiples, and discounted cash flow analysis.
- Array is the second-largest solar tracker company in the world, selling rotating mount systems ("trackers") for utility-scale solar installations that enable solar panels to track the sun and more effectively capture solar energy.
- Blum project ARRY to grow revenues at a CAGR (2022-2030E) of 10% (BNEF utility solar growth forecast), driven by policy support, solar's low cost, and state and federal utility mandates to de-carbonize and achieve net zero targets.
- While expecting near-term growth could be muted due to restrictive government policies on solar panel imports, the analyst likes the long-term prospects for utility-scale solar and see ARRY at an inflection point to higher margins and FCF generation.
- Also Read: First Solar Fundamentals Likely To Come Under Pressure In 2023, Analyst Downgrades Stock With 66% Price Target Cut
- Price Action: ARRY shares traded lower by 6.77% at $20.37 on the last check Tuesday.
- 富國銀行 分析師邁克爾·布魯姆啟動覆蓋 陣列技術公司 （納斯達克：ARRY）的超重評級和目標價格為 28 美元。
- 該評級反映了分析師的目標市盈倍數、目標 EV/EBITDA 倍數以及折現現金流分析的混合。
- Array 是世界上第二大太陽能追蹤器公司，銷售用於公用事業規模的太陽能裝置的旋轉安裝系統（「跟踪器」），使太陽能電池板能夠跟踪太陽並更有效地捕獲太陽能。
- Blum 項目 ARRY 將在政策支持、太陽能的低成本以及州和聯邦公用事業要求去碳化並實現淨零目標的推動下，以 10% 的複合年增長率（2022-2030E）（BNEF 公用事業太陽能增長預測）增長收入。
- 儘管由於政府對太陽能電池板進口的政策的限制性，預計短期增長可能會被靜音，但分析師喜歡公用事業規模太陽能的長期前景，並且看到 ARRY 處於利潤率和 FCF 產生率上升的轉折點。
- 另請閱讀: 第一個太陽能基本面可能在 2023 年承受壓力，分析師以 66％ 的價格目標下調股票
- 價格行動： 上次檢查週二，ARRY 股價下跌 6.77%，報 20.37 美元。
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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風險及免責聲明
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
我知道了
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