10th Day of Christmas. Solar $ARRY is the future ? Find Out !

JC888
2023-01-03

10th day of Christmas - 10 Lords A Leaping..

On the tenth day of Christmas, my true love sent to me - Ten Lords a Leaping; so goes the song - 12 Days of Christmas.

Original doc - https://finance.yahoo.com/news/why-7-energy-stocks-radar-035437708.html.

Coming into 2023, I am still bullish about Energy stocks.

Incidentally, Wall Street analysts shares this view too.

So on the 10th day of Christmas, I am sharing a "fair" price energy stock.

[Sidetrack: interested in my other stocks shared so far ?

Click the "blue" subject to access] Njoy ! Oh, show some love, give them a like ok ? LOL

Current stock price > 03 Jan 2022 stock price by +21.50%

$Array Technologies Inc.(ARRY)$ is a global leader advancing the future of clean energy; with > 30 years of innovations that have powered the solar industry,

Array is uniquely positioned to deliver renewable energy solutions for customers seeking clean energy adoption in markets around the globe.

With a series of strategic & successful acquisitions, ARRY has made great strides in 2022.

Q3 2022 performance was especially impressive, showing a whopping +173% increase in sales YoY.

This makes ARRY a highly attractive renewable energy play; where solar energy is poised to be a major energy source in the not too distant future.

Facts & Figures :

$ARRY important details

  • Mid Cap company.
  • IPO-ed on 15 Oct 2020 at US$22 a share.
  • This is a Covid stock (Whahahahaha......!!)
  • Like a newly listed company, it is more volatile than market; with a Beta quotient at 1.98.
  • Relatively healthy trading volume.
  • Healthy Revenue & Net Income.
  • Based on its Q3 2022 earnings; ARRY was tagged a "high" Earnings Quality Ranking (EQR) for the 6th consecutive week. { *Earnings quality refers to the extent to which current earnings predict future earnings }.
  • Looking at its current stock price, there's still a +25.40% upside to its 52-weeks peak price of $24.24.

YTD Quarterly Earnings : to wrap up

2022 Quarterly earnings consistently beating Wall Street expectations - Fantastic !

  • Do you believe Solar energy will have a more prominent role in the Energy sector ?
  • Interested in ARRY as mid to long term investment ?
  • Is solar energy the "solution" to reduce reliance on fossil fuel ?

Please "Like" this post ok. Thanks. The rating is important to me !

Matching song ? "The Sun Always Shines On TV" by A-Ha. Mid-1980 hit. Dunno ? YouTube it.

@TigerStars 

@CaptainTiger 

@MillionaireTiger 

@Daily_Discussion 

@Tiger_SG 

@TigerPM 

Which Stock Is In Your Christmas Wishlist?
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