Goldman Sachs analyst Brian Lee lowered the firm’s price target on Array Technologies (ARRY) to $11 from $12 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Solar. The broader backdrop for US utility-scale solar remains solid based on the firm’s field work and pipeline activity, the analyst tells investors in a research note. The company will also provide updates on potential cost synergies with APA as it expands the business, including impacts to consolidated margins, the firm added.
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