Shares of Array Technologies Inc. (ARRY) surged 5.3% on Friday, following a bullish analyst report from Barclays. According to the report, Barclays analyst Christine Cho CFA maintained a "Buy" rating on Array Technologies and raised the price target from $28 to $30, citing the company's strong growth prospects and competitive position in the renewable energy industry.

Array Technologies is a leading manufacturer of ground-mounting systems used in solar energy projects. The company's products are designed to maximize energy production while minimizing installation and maintenance costs. With the increasing global demand for renewable energy sources, Array Technologies is well-positioned to benefit from the growing solar market.

The analyst's optimism stems from Array Technologies' recent financial performance and its robust pipeline of upcoming projects. The company has secured several significant contracts, which are expected to drive revenue growth and profitability in the coming years. Additionally, the analyst highlighted Array Technologies' innovative technology and cost-effective solutions as key competitive advantages.