Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million

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Go back to Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million

Array Technologies (ARRY) PT Lowered to $16 at Citi, '2023 Was a Gift That Will Likely Keep Giving'

February 28, 2024 3:21 AM EST

Citi analyst Vikram Bagri lowered the price target on Array Technologies (NASDAQ: ARRY) to $16.00 (from $16.50) while maintaining a Neutral rating.

The analyst comments "Negative. ARRY reported 4Q23 adjusted EPS largely in-line with our estimates (excl IRA benefit). Revenues exceeded our forecast, offset... More