Barclays Ratings Update: Nextracker Cut, Array Technologies Raised in Solar Sector

Tuesday, 2 April 2024, 18:23
Barclays recently made changes to its ratings, downgrading Nextracker (NXT) while upgrading Array Technologies (ARRY) in the solar sector. The adjustments were based on factors such as management execution and market share gains. This move reflects the current dynamics of the solar industry and showcases Barclays' evolving perspective on key players in this space.
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Barclays Ratings Update: Nextracker Cut, Array Technologies Raised in Solar Sector

Barclays Ratings Update

Barclays recently adjusted its ratings for two key players in the solar sector, Nextracker and Array Technologies. The changes include a downgrade for Nextracker (NXT) and an upgrade for Array Technologies (ARRY) based on several factors.

Rationale Behind the Ratings Adjustment

  • Management execution
  • Market share gains

This tactical shift underscores Barclays' outlook on the solar market and their assessment of the competitive landscape.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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