2024-03-07 18:26:12 ET
Summary
- Array Technologies is a leading provider of solar tracking solutions for large-scale power plants.
- The company's net income and balance sheet could be improved, posing short-to-medium-term risks.
- The stock is considered undervalued with long-term growth potential in the solar market.
- Heavily based on the present risk related to earnings estimate revisions, my analyst rating for ARRY is a Hold despite my growth expectations.
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Array Technologies: Short-Term Downside, But High Long-Term Growth