Array Technologies stock price target cut, maintains buy rating By Investing.com
On Wednesday, Truist Securities adjusted its outlook on Array Technologies (NASDAQ: ARRY) shares, a company specializing in solar tracking solutions. The price target was lowered to $10.00 from the previous $12.00, while the firm maintained a Buy rating on the stock.
The adjustment comes amid concerns about potential delays in utility-scale solar projects and their impact on shipments scheduled for 2025. The analyst from Truist Securities noted that while issues such as permitting and interconnection are not quick fixes, an improved financing environment due to a cycle of rate reductions, along with the conclusion of the current anti-dumping/countervailing duty (AD/CVD) tariff investigation by the end of the year, could lead to better…
