Array Tech upgraded by Guggenheim with a new price target
$ARRY
Miscellaneous manufacturing industries
Consumer Discretionary
Guggenheim upgraded Array Tech from Neutral to Buy and set a new price target of $10.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $7.00 | Sector Perform | RBC Capital Mkts |
| 3/7/2025 | $10.00 | Neutral → Buy | Guggenheim |
| 2/28/2025 | Buy → Neutral | Seaport Research Partners | |
| 2/28/2025 | $10.00 → $7.00 | Hold | TD Cowen |
| 2/6/2025 | $9.00 | Underperform → Neutral | Exane BNP Paribas |
| 1/10/2025 | $7.00 | Positive → Neutral | Susquehanna |
| 11/8/2024 | $11.50 → $10.00 | Hold | TD Cowen |
| 11/7/2024 | Buy → Neutral | Guggenheim |
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
SD - Array Technologies, Inc. (0001820721) (Filer)
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ:ARRY) (the "Company" or "ARRAY") today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in agg
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ:ARRY) (the "Company" or "ARRAY") today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). ARRAY also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $37.5
Adds domestically manufactured engineered foundations and fixed-tilt solutions to product portfolio, expanding addressable market by nearly 40% Enables integrated tracker + foundation system to address challenging soil conditions, which does not require specialized equipment to install Expands U.S. manufacturing capabilities with new Ohio manufacturing facility Transaction enterprise value of approximately $179 million represents a multiple of 7.6x APA's trailing 12 months EBITDA excluding 45X credits Expected to be high-single-digit percentage accretive to Adjusted EPS in year one before synergies Closing expected in the third quarter of 2025, subject to regulatory approval and customa
RBC Capital Mkts initiated coverage of Array Tech with a rating of Sector Perform and set a new price target of $7.00
Guggenheim upgraded Array Tech from Neutral to Buy and set a new price target of $10.00
Seaport Research Partners downgraded Array Tech from Buy to Neutral
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)