10th Day of Christmas. Solar $ARRY is the future ? Find Out !
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
- Great Dividend King stock - V.F. Corp
- Christmas Dare to Care - UnitedHealth Group
- 5th Day of Christmas - CVS Health Corp
- 6th Day of Christmas - Walgreens Boots Alliance
- 7th Day of Christmas - 3M Company
- 8th Day of Christmas- Pfizer
- 9th Day of Christmas - Array Technologies Inc.
$Array Technologies Inc.(ARRY)$ 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 :
- 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
- 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
10th day of Xmas Post. Njoy!
9th day of Xmas is found inside also.
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