Array Technologies
ARRY (NASDAQ)
Array Technologies (ARRY) is gaining momentum, evidenced by a remarkable 62.45% return over the past year, contrasting sharply with its long-term performance of -72.34% over five years. With a forward PE of 11.53 and an impressive projected EPS growth of 44.62%, it presents an attractive opportunity for growth-focused investors. Analysts have a median price target of $10.00, with some upgrades indicating increasing confidence in the company’s recovery and profitability after reporting $393.49 million in Q3 sales and returning to net profit.
Pros:
- Strong recent price change
- Positive projected EPS growth
Cons:
- Negative long-term returns
- High volatility in stock price
Array Technologies (ARRY) may be suitable for growth-oriented investors willing to accept volatility, given its significant one-year return and potential for future earnings growth. However, the stark contrast with its long-term performance suggests that caution is warranted, particularly for those with a lower risk tolerance or a preference for income-generating investments, as the company does not currently offer a dividend.