10:00 AM EDT, 05/10/2024 (MT Newswires) -- Array Technologies ( ARRY ) looks "well positioned" for outsized growth as its DuraTrack price adjustment is resulting in higher sales, Oppenheimer said in a note Friday.

The company's H250 and OmniTrack products also meet the requirements of incremental market segments, the investment firm said.

Oppenheimer also said Array is "delivering on cost discipline while continuing to invest in incremental product enhancements should aid share gains."

The analyst firm upgraded Array Technologies ( ARRY ) to outperform from perform with a price target of $20.

The company's shares were up nearly 10% in recent Friday trading.

Price: 13.71, Change: +1.20, Percent Change: +9.59