Reported 1 day ago
Array Technologies, Inc. (NASDAQ:ARRY) has garnered a reaffirmed Outperform rating from Oppenheimer with a price target of $13.00 following its acquisition of APA Solar. This deal enables Array to enhance its geographical reach and diversify its offerings, notably by introducing fixed tilt solutions. The acquisition is expected to yield significant tax savings of at least $31 million while positioning the company favorably in the growing utility-scale solar market.
Source: YAHOO