Array TechnologiesNASDAQ: ARRY

NetApp a company that provides on-premises data storage systems and public cloud services, has had a solid year so far, rising by close to 45% since early January with its stock trading at about $128 per share.

Chief Financial Officer Kurt Wood is stepping down from his position at Array effective June 30.

Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024 Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024

ALBUQUERQUE, N.M., June 05, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Neil Manning as president and chief operating officer.

2023 was a very tough year for solar stocks overall. The Federal Reserve's decision to hike interest rates several times made borrowing much more expensive, resulting in lower profitability for solar firms.

Investors, concerned about the ups and downs caused by economic and geopolitical issues, are looking for stable and growth-oriented stocks. Analyst upgrades can play a significant role in portfolio performance as they serve as endorsements from brokers.

Investors interested in Solar stocks may have come across Array Technologies, Inc. (ARRY) and Enphase Energy (ENPH). However, which of these stocks is more appealing to value investors?

Tesla is reducing its workforce by 10%, which could negatively impact the demand for electric vehicles. The rise in interest rates has already affected the demand for cars and renewable energy stocks are still on the rise.

Array Technologies (ARRY) has a strong track record of exceeding earnings expectations and is currently in a favorable position to potentially surpass expectations in its upcoming quarterly report.