Array Technologies: Strategic Acquisition of AWM and Diverging Analyst Opinions
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Array Technologies (ARRY) acquires Affordable Wire Management (AWM) for up to 203 million USD. With this move, the company aims to expand into new markets such as battery energy storage systems (BESS) and data centers. In June, the company surpassed the milestone of 100 delivered gigawatts (GW). Additionally, Array expanded its portfolio with the introduction of the DuraTrack D2S and an update for the OmniTrack system. Moreover, experts at Citigroup are very confident with a buy recommendation and a target of 12 USD. On the other hand, analysts...
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