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JPMorgan Cuts Price Target Of Three Electrical Equipment Companies

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Akanksha Bakshi
·1 min read
In this article:
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  • SHLS
  • FLNC
  • ARRY

  • JPMorgan analyst Mark Strouse lowered the price target of three electrical equipment companies.

  • Heading into Q1 prints, Strouse predicts alternative energy demand to remain generally robust, with significant upside to European predictions due to the prolonged energy crisis.

  • According to Strouse, some supply chain risks remain, which may be aggravated by Chinese lockdowns.

  • The analyst lowered Fluence Energy Inc's (NASDAQ: FLNC) price target to (an upside of 197%) from $35 and maintained the Overweight rating on the shares.

  • The analyst reduced Shoals Technologies Group Inc's (NASDAQ: SHLS) price target to (an upside of 143%) from $35 and maintained the Overweight rating on the shares.

  • The analyst lowered Array Technologies Inc's (NASDAQ: ARRY) price target to (an upside of 227%) from $33 and maintained the Overweight rating on the shares.

  • Price Action: FLNC shares are trading higher by 6.99% at $10.80, SHLS higher by 7.7% at $13.57, and ARRY higher by 7.98% at $9.20 on the last check Tuesday.

Latest Ratings for ARRY

Jan 2022

Truist Securities

Maintains

Hold

Jan 2022

Morgan Stanley

Maintains

Equal-Weight

Jan 2022

Goldman Sachs

Maintains

Buy

View More Analyst Ratings for ARRY

View the Latest Analyst Ratings

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