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Roth MKM Sticks to Its Hold Rating for Array Technologies (ARRY)

Tipranks - Tipranks - Thu Feb 26, 10:44PM CST

In a report released yesterday, Philip Shen from Roth MKM maintained a Hold rating on Array Technologies, with a price target of $9.00.

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According to TipRanks, Shen is a 4-star analyst with an average return of 9.5% and a 43.47% success rate. Shen covers the Technology sector, focusing on stocks such as Enphase Energy, Shoals Technologies Group, and Nextpower Inc.

Currently, the analyst consensus on Array Technologies is a Hold with an average price target of $11.20.

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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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