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Array Technologies' Long-Term Prospects For Utility-Scale Solar Wins Analyst Conviction

Array Technologies' Long-Term Prospects For Utility-Scale Solar Wins Analyst Conviction

Array Technologies的公用事业规模太阳能长期前景赢得分析师的信任
Benzinga Real-time News ·  2022/12/07 02:10
  • 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.
  • 富国银行 分析师迈克尔·布鲁姆开始报道 数组科技公司 纳斯达克股票代码:ARRY)的评级为增持,目标价为28美元。
  • 该评级综合了分析师的目标市盈倍数、目标EV/EBITDA倍数和贴现现金流分析。
  • Array 是全球第二大太阳能跟踪器公司,为公用事业规模的太阳能装置销售旋转支架系统(“追踪器”),使太阳能电池板能够跟踪太阳并更有效地捕获太阳能。
  • 百隆预计,在政策支持、太阳能的低成本以及州和联邦公用事业公司要求脱碳和实现净零目标的推动下,ARRY的收入将以10%的复合年增长率(2022-2030E)增长(BNEF 公用事业太阳能增长预测)。
  • 尽管预计由于政府对太阳能电池板进口的限制性政策,短期增长可能会减弱,但分析师喜欢公用事业规模太阳能的长期前景,并认为ARRY正处于提高利润率和FCF发电量的转折点。
  • 另请阅读: 第一个太阳能基本面可能会在2023年受到压力,分析师下调了股票的评级,目标价下调了66%
  • 价格走势: 周二的最后一张支票中,ARRY股价下跌了6.77%,至20.37美元。

译文内容由第三方软件翻译。


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