5 Best Growth Stocks to Buy According to Marc Majzner’s Clearline Capital

2. Array Technologies, Inc. (NASDAQ:ARRY)

Stake Value in Clearline Capital’s 13F Portfolio: $27.02 million

Percentage of Clearline Capital portfolio: 3.49%

Number of Hedge Funds: 26

Array Technologies, Inc. (NASDAQ:ARRY) is a leading supplier of utility-scale solar tracker technology in the world. Marc Majzner’s Clearline Capital owns 2.4 million shares of Array Technologies, Inc. (NASDAQ:ARRY) worth about $27 million as of Q2 2022.

On September 19, Piper Sandler analyst Kashy Harrison upgraded Array Technologies, Inc. (NASDAQ:ARRY) to Overweight from Neutral with a price target of $28, up from $20. The company’s “strong order book” suggests that its revenue and EBITDA outlook for 2023 could be attractive, the analyst told investors.

The stock is popular among hedge funds. At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes in Array Technologies, Inc. (NASDAQ:ARRY), up from 20 in the preceding quarter.