The increasing concern about reducing the dependency on fossil fuels and minimizing carbon footprint dictates the demand for renewable energy and its sources. Today I would like to analyze Array Technologies (NASDAQ:ARRY), the company that
Array Technologies Has To Prove Its Growth - Hold For Now
Summary
- A comparables analysis doesn't show anything to me, as there are few companies listed in the sector, providing no representative data.
- Strong latest quarterly results are difficult to compare with last year's figures, as numbers were heavily affected by an acquisition.
- The company has to prove growth prospects to level out risks common shareholders face.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.