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Cantor Fitzgerald Sticks to Their Buy Rating for Array Technologies (ARRY)

Tipranks - Fri Mar 6, 6:31AM CST

Cantor Fitzgerald analyst reiterated a Buy rating on Array Technologies yesterday and set a price target of $10.00. The company’s shares closed yesterday at $7.31.

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In addition to Cantor Fitzgerald, Array Technologies also received a Buy from Jefferies’s Julien Dumoulin Smith in a report issued on February 27. However, on March 2, Morgan Stanley maintained a Hold rating on Array Technologies (NASDAQ: ARRY).

Based on Array Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $226.04 million and a GAAP net loss of $145.75 million. In comparison, last year the company earned a revenue of $275.23 million and had a GAAP net loss of $126.9 million

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