This stock has sold off recently and is providing a very solid entry point. Boeing Co. (NYSE: BA) is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined.
The company’s different segments are Commercial Airplanes; Boeing Defense, Space & Security; and Boeing Capital. The latter provides financial solutions facilitating sale and delivery of Boeing commercial and military aircraft, satellites and launch vehicles.
Boeing and Embraer have signed a non-binding memorandum of understanding to create a new strategic partnership for commercial aviation. The new joint venture is valued at $4.75 billion, which values Boeing’s 80% share at $3.8 billion.
The analysts project 57% sales growth in 2022. The Goldman Sachs price objective is $305, a price not seen since before the pandemic sell-off. Boeing stock closed on Monday at $209.90 a share.
This company sometimes is confused with a biotech with a similar name that Pfizer bought in 2019. Array Technologies Inc. (NASDAQ: ARRY) provides solar tracking solutions and services for utility-scale projects. Its products include DuraTrack HZ v3, a single-axis solar tracking system, and SmarTrack, a machine learning software that automatically adjusts module angles in response to weather and site conditions.
This stock had a red-hot initial public offering last year. Shares charged out of the gate, as the first trade was 34% above where the upsized IPO was priced. A total of 47.5 million shares were sold in the offering, as the maker of ground-mounting systems used in solar energy projects sold 7 million shares to raise $154 million and a selling shareholder sold 40.5 million shares.
Since then the stock has been a disaster but has bounced off the lows that were posted back in the summer. Goldman Sachs estimates 52% sales growth in 2022 and has a $27 price target. The consensus target for Array Technologies stock is $25.73, and shares ended Monday at $24.22.
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