Advertisement
New Zealand markets closed
  • NZX 50

    11,767.40
    +68.89 (+0.59%)
     
  • NZD/USD

    0.6124
    -0.0008 (-0.13%)
     
  • ALL ORDS

    8,015.80
    +72.20 (+0.91%)
     
  • OIL

    80.17
    -0.16 (-0.20%)
     
  • GOLD

    2,334.10
    +5.10 (+0.22%)
     

Array Technologies Stock Jumps, Bucking the Solar Trend

Array Technologies Stock Jumps, Bucking the Solar Trend

Array Technologies stock was climbing Friday, with analysts optimistic on the manufacturer of solar energy products after first-quarter earnings. Oppenheimer analyst Colin Rusch upgraded Array to Outperform from Perform and gave the stock a $20 price target. After the stock market closed on Thursday, Array reported first-quarter adjusted earnings of 6 cents a share on revenue of $153.4 million.