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  • JP Morgan analyst Mark Strouse lowered the price target for three electrical equipment companies.

  • As the first quarter prints approach, Strouse expects alternative energy demand to remain generally robust, with European forecasts rising significantly due to the protracted energy crisis.

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

  • The analyst lowered Fluence Energy Inc (NASDAQ:FLNC) price target at (a 197% rise) from $35 and maintained the stock overweight rating.

  • The reduced analyst Shoals Technologies Group Inc. (NASDAQ: SHLS) price target at (a 143% rise) from $35 and maintained the stock overweight rating.

  • The analyst lowered Array Technologies Inc. (NASDAQ: ARRY) price target at (a 227% rise) from $33 and maintained the stock’s overweight rating.

  • Price Action: FLNC shares are trading up 6.99% at $10.80, SHLS up 7.7% at $13.57 and ARRY up 7.98% at $9.20 when last checked on Tuesday .

Latest reviews for ARRY

Jan 2022

Truist Titles

Maintains

Hold

Jan 2022

Morgan Stanley

Maintains

Equal weight

Jan 2022

Goldman Sachs

Maintains

To buy

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