🔴 Array Technologies is trading 5% down today after UBS downgraded shares, cut target to $5

Array Technologies is trading 5.07% down now at $4.03 after UBS downgraded the company from Buy to Neutral and cut its price target from $10 to $5.

• Analysts cited the shift from payment-in-kind to cash-pay preferred dividends.
• The change could require approximately $162 million in cumulative payments through 2030.
• The report identified UBS’s action as the decisive catalyst, while broader markets were largely higher.