Array (ARRY) Q1 Earnings: What To Expect
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Array (ARRY) is set to announce its Q1 earnings this Wednesday. Last quarter, it reported revenues of $226 million, down 17.9% year-on-year, and missed EBITDA guidance. Analysts expect a 33.3% revenue decline this quarter. Despite this, most analysts have maintained their estimates, indicating stability. In the renewable energy sector, peers like Bloom Energy and Generac have shown strong growth, contributing to positive investor sentiment. Array's stock has risen 11% recently, with an average analyst price target of $9.86 against a current price of $7.74.
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