DonCorleone77
$ARRY Array Technologies reinstated with a Buy at Jefferies
Jefferies reinstated coverage of Array Technologies with a Buy rating and $7 price target after a period of restriction. Shares are down over 40% in last six months, notes the analyst, who attributes this weakness to a wider selloff in the clean energy space and investor anxiety around preferred equity payments. Second half execution, particularly with a big Q4 target, is "key to monitor in order for shares to work," the analyst tells investors.
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