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Guggenheim Reaffirms Their Buy Rating on Array Technologies (ARRY)

Tipranks - Tipranks - Wed Feb 18, 6:26AM CST

In a report released today, Joseph Osha from Guggenheim reiterated a Buy rating on Array Technologies, with a price target of $15.00.

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According to TipRanks, Osha is a 5-star analyst with an average return of 21.2% and a 57.35% success rate. Osha covers the Technology sector, focusing on stocks such as First Solar, Itron, and Array Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Array Technologies with a $10.50 average price target.

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Based on Array Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $393.49 million and a net profit of $33.5 million. In comparison, last year the company earned a revenue of $231.41 million and had a GAAP net loss of $141.35 million

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