Piper Sandler analyst Kashy Harrison maintained a Hold rating on Array Technologies (ARRY – Research Report) today and set a price target of $13.00. The company’s shares closed yesterday at $14.28.
According to TipRanks, Harrison is an analyst with an average return of -16.9% and a 34.75% success rate. Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and Itron.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Array Technologies with a $19.74 average price target.
ARRY market cap is currently $2.12B and has a P/E ratio of 27.01.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARRY in relation to earlier this year.
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Array Technologies (ARRY) Company Description:
Array Technologies Inc manufacturers of ground-mounting systems used in solar energy projects. The company’s product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in United States, Australia, and Rest of the World with United States deriving majority of the revenue.
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