ARRAY Technologies falls as BofA downgrades rating to 'underperform'
ReutersSep 12, 2025 1:12 PM
BofA Global Research downgrades rating on solar tracker maker Array Technologies to "underperform", cuts PT to $7 from $8
Shares of solar tracker maker ARRAY Technologies ARRY.O down ~5% at $7.48 premarket
The new price target represents a ~11% downside to the stock's last close
Brokerage says while APA adds a credible growth leg, the bigger message from meetings is margin compression: incremental tariff exposure in India/Mexico, steel inflation
"We appreciate recent share regains and backlog repricing progress, consistent delivery on margin durability remains the missing piece" - BofA
14 of 26 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell"; their median PT is $9
As of last close, stock up ~30% YTD
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