Array Tech downgraded by BofA Securities with a new price target
$ARRY
Miscellaneous manufacturing industries
Consumer Discretionary
BofA Securities downgraded Array Tech from Buy to Neutral and set a new price target of $7.00 from $11.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $7.00 | Sector Perform | RBC Capital Mkts |
| 3/7/2025 | $10.00 | Neutral → Buy | Guggenheim |
| 2/28/2025 | Buy → Neutral | Seaport Research Partners | |
| 2/28/2025 | $10.00 → $7.00 | Hold | TD Cowen |
| 2/6/2025 | $9.00 | Underperform → Neutral | Exane BNP Paribas |
| 1/10/2025 | $7.00 | Positive → Neutral | Susquehanna |
| 11/8/2024 | $11.50 → $10.00 | Hold | TD Cowen |
| 11/7/2024 | Buy → Neutral | Guggenheim |
Adds domestically manufactured engineered foundations and fixed-tilt solutions to product portfolio, expanding addressable market by nearly 40% Enables integrated tracker + foundation system to address challenging soil conditions, which does not require specialized equipment to install Expands U.S. manufacturing capabilities with new Ohio manufacturing facility Transaction enterprise value of approximately $179 million represents a multiple of 7.6x APA's trailing 12 months EBITDA excluding 45X credits Expected to be high-single-digit percentage accretive to Adjusted EPS in year one before synergies Closing expected in the third quarter of 2025, subject to regulatory approval and customa
Investment bolsters Silicon Ranch's agribusiness and land stewardship program while enabling Swap Robotics to expand operations and product development across the solar sector Silicon Ranch, the developer, owner, and operator of one of the nation's largest fleets of solar facilities, today announced a strategic investment in Swap Robotics, a pioneer in utility-scale solar robotic operations through its leading solar robotics platform. As part of the investment, Silicon Ranch Co-Founder and CEO Reagan Farr will join the board of directors at Swap Robotics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603758445/en/ Silicon
ALBUQUERQUE, N.M., May 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software and services, today unveiled DuraTrack Hail XP™, the Company's most advanced tracker designed to withstand extreme hail and wind events. Hail XP builds on ARRAY's proven DuraTrack® platform with a new level of reliability engineered specifically for hail-prone regions. Developed with direct input from customers, insurers, and industry partners, Hail XP is purpose-built to address one of the most pressing challenges facing solar projects today: severe weather risk. With industry-leading protective stow ang