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KeyBanc Reaffirms Hold Rating on Array Technologies, Sets $9.03 Price Target
ByAinvest
Saturday, Aug 9, 2025 5:12 am ET1min read
KeyBanc reaffirms Hold rating on Array Technologies (ARRY) with a $9.03 average price target, representing a 54.62% upside. Analyst Sophie Karp, with a 4-star rating and 57.88% success rate, maintained the rating. The company reported a quarterly revenue of $302.36 million and a net profit of $16.75 million.
KeyBanc analyst Sophie Karp has maintained a Hold rating on Array Technologies (ARRY), setting an average price target of $9.03. This represents a potential 54.62% upside from the current share price of $5.93. The rating comes after the company reported a quarterly revenue of $302.36 million and a net profit of $16.75 million [1].Array Technologies has been navigating a challenging regulatory environment, but the company's latest results demonstrate its ability to deliver growth. The company's second-quarter revenue of $362.2 million and adjusted EBITDA of $63.6 million underscore its resilience. KeyBanc's Karp highlights the company's strategic acquisitions and product innovations as key drivers of growth [2].
The analyst's rating reflects a cautious optimism about the company's long-term prospects. Despite regulatory headwinds and margin pressures, Array Technologies has shown resilience through strategic acquisitions and product innovations. The launch of the Hail XP™ solar tracker and the acquisition of APA Solar are notable examples of the company's proactive approach to growth [2].
KeyBanc's rating and price target suggest that the market is pricing in a significant upside potential for Array Technologies. The company's ability to navigate regulatory challenges and deliver consistent growth positions it as an attractive consideration for investors seeking exposure to the renewable energy sector.
References:
[1] https://www.indexbox.io/blog/array-technologies-poised-for-earnings-report-amidst-renewable-energy-sector-optimism/
[2] https://www.ainvest.com/news/array-technologies-navigating-turbulence-innovation-strategic-acquisitions-2508/
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