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Jefferies Lowers Its PT on Array Technologies, Inc. (ARRY) to $10, Maintains a ‘Buy’ Rating
Yahoo Finance· 2025-09-22 01:14
Core Insights - Array Technologies, Inc. (NASDAQ:ARRY) is recognized as one of the cheap clean energy stocks to consider for investment [1] - Jefferies has revised its price target for Array Technologies from $13 to $10 while maintaining a 'Buy' rating, citing short-term margin pressure due to the acquisition of APA [2] - The acquisition of APA is expected to contribute to revenue in Q3 and fully in Q4 of 2025 [2] - Fiscal 2025 revenue is projected at $1.25 billion with a gross margin of approximately 28.7%, and the company is expected to generate over $100 million in free cash flow annually in the long term [3] - Analysts remain optimistic about Array Technologies, anticipating significant upside potential if the APA acquisition is executed effectively [3] - Array Technologies specializes in solar tracking technology, providing single-axis and dual-row tracker systems, photovoltaic-powered control systems, and smart software [4] Company Overview - Array Technologies, Inc. is a leading provider of solar tracking technology globally [4] - The company is categorized among the best clean energy stocks available for investment [4]