BMO Capital Maintains Hold Rating on Array Technologies with $8.00 Price Target

Array Technologies (ARRY) received a Hold rating from BMO Capital with a price target of $8.00. The company's shares closed at $7.04. Analyst Ameet Thakkar, who covers the Technology sector, maintained the Hold rating. Array Technologies has a Moderate Buy analyst consensus with a price target consensus of $8.76, implying a 24.43% upside from current levels. The company reported a quarterly revenue of $302.36 million and a net profit of $16.75 million.

Array Technologies (ARRY) received a Hold rating from BMO Capital, with a price target of $8.00, according to a recent analyst report. The company's shares closed at $7.04 on July 2, 2025. Analyst Ameet Thakkar, who covers the Technology sector, maintained the Hold rating [1].

The Hold rating comes despite a Moderate Buy analyst consensus with a price target consensus of $8.76, suggesting a 24.43% upside from current levels. This discrepancy highlights the varying opinions among analysts regarding the company's future prospects.

In its latest quarterly report, Array Technologies reported a revenue of $302.36 million and a net profit of $16.75 million. These figures underscore the company's financial health and operational efficiency, but they do not address the broader market sentiment or competitive landscape.

The Hold rating from BMO Capital is a cautious stance, reflecting potential risks or uncertainties that may not be fully captured by the current market sentiment. Investors should carefully consider these factors when evaluating Array Technologies' stock.

References:
[1] https://finviz.com/quote.ashx?t=ARRY