BofA is adding Array Technologies (ARRY) to the firm’s “US 1 list,” which is intended to represent a collection of the best investment ideas that are drawn from the universe of Buy-rated, U.S.-listed stocks covered by BofA Global Research fundamental equity research analysts. The firm, which keeps a Buy rating and $30 price target on Array shares, notes that the stock currently trades at a discount to peers Nextracker (NXT) and Shoals Technologies (SHLS).
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ARRY:
- Array Technologies (NASDAQ:ARRY) Surges on New Bank of America Perspective
- 3 Best Stocks to Buy Now, 9/14/2023, According to Top Analysts
- Array Technologies (NASDAQ:ARRY) Surges on New Steel Deal
- Array Technologies call volume above normal and directionally bullish
- Array Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel Dynamics