Array Technologies (ARRY) PT Lowered to $9 at Mizuho
(Updated - February 28, 2025 8:24 AM EST)
Mizuho analyst Maheep Mandloi lowered the price target on Array Technologies (NASDAQ: ARRY) to $9.00 (from $11.00) while maintaining a Neutral rating.
The analyst commented: "Array reported a Q4 largely in line with guidance, after cutting guidance last quarter. Company is returning to nominal growth in 2025, but guidance came in even weaker than consensus on top-line growth as well as EBITDA margin. Mainly, though, due to weakness in Brazil. We reduce our PT by 18% to $9 due to lower sales and profit. Our Neutral rating is unchanged."