Array Technologies Shares Pop As Roth Capital Upgrades To Buy Before Q2 Results, Sees 82.3% Upside

August 10, 2021 9:26 AM | 1 min read |

Roth Capital analyst Philip Shen upgraded Array Technologies Inc ARRY to Buy from Neutral with a $25 price target, implying an upside of 82.3%.
Shen is incrementally more bullish ahead of the company's Q2 report due on Aug. 11.
With shares down about 45% since the company's Q1 report, he sees the potential for the stock to leap higher on any healthy amount of good news such as reinstating guidance.
Shen's checks suggest Array may now be in a better financial position and could even gain share through the challenges posed by steel pricing.
Array has a Q2 revenue consensus of $233.2 million and an EPS consensus of $0.03.
Price Action: ARRY shares traded higher by 4.96% at $14.39 in the premarket session on the last check Tuesday.