Top 3 Industrials Stocks That May Rocket Higher This Month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
0mins
Source: Benzinga
Oversold Stocks in Industrials Sector: The article highlights several oversold stocks in the industrials sector, including Hyzon Motors, Velo3D, and Array Technologies, which have low RSI values indicating potential buying opportunities due to their recent price declines.
Company Performance and Stock Reactions: Each company reported varying financial results, with Hyzon Motors and Velo3D experiencing significant stock drops of around 46-47%, while Array Technologies saw a slight increase despite lowering its fiscal outlook.
Analyst Views on ARRY
Wall Street analysts forecast ARRY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARRY is 10.82 USD with a low forecast of 8.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
6 Buy
7 Hold
1 Sell
Moderate Buy
Current: 11.150
Low
8.00
Averages
10.82
High
15.00
Current: 11.150
Low
8.00
Averages
10.82
High
15.00
About ARRY
Array Technologies, Inc. is a provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop and operate solar photovoltaic (PV) sites. Its segments include Array Legacy Operations and STI Legacy Operations. Its products are a portfolio of integrated solar tracking systems comprised of software and hardware that include component parts such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers, referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is a range of software and control-based products designed for utility-scale solar sites. It is also a provider of solar racking and structural solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
