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

  • 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.
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