The company’s revenues are showing growth recently. The company reported a top line of $219.9 million in 4Q21, up 22% year-over-year – and the second-highest quarterly revenue result since the company went public in October of 2020. Looking at earnings, Array posted net losses in Q3 and Q4 – but for 2021 as a whole, it recorded a net EPS profit of 7 cents. But while that’s still a profit, it compares poorly to the 93 cents per share in the 2020 report.
To this end, Strouse rates ARRY an Overweight (i.e. Buy) along with a
$33 price target that points toward a robust 238% upside for the coming