Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength

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Go back to Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength

Roth/MKM Downgrades Array Technologies (ARRY) to Neutral

August 9, 2024 7:02 AM EDT

Roth/MKM analyst Philip Shen downgraded Array Technologies (NASDAQ: ARRY) from Buy to Neutral with a price target of $8.00 (from $20.00).

The analyst comments "ARRY delivered a Q2 beat/weak Q3 outlook. We had previewed here the potential for a 2024 guidedown: Management lowered its... More

Array Technologies Inc. (ARRY) Tops Q2 EPS by 9c, Offers Guidance

August 8, 2024 4:22 PM EDT

Array Technologies Inc. (NASDAQ: ARRY) reported Q2 EPS of $0.20, $0.09 better than the analyst estimate of $0.11. Revenue for the quarter came in at $255.8 million versus the consensus estimate of $234.26 million.

GUIDANCE:

Array Technologies Inc. sees FY2024 EPS of $0.64-$0.74, versus the... More