Baron Funds Remains Optimistic in Array Technologies (ARRY), Here’s Why
Baron Funds, an asset management firm, published its “Baron Small Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.67% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the Russell 2000 Growth Index which rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron Small Cap Fund, in its Q1 2021 investor letter, mentioned Array Technologies, Inc. (NASDAQ: ARRY), and shared their insights on the company. Array Technologies, Inc. is a Albuquerque, New Mexico-based solar tracking solutions manufacturer that currently has a $1.8 billion market capitalization. Since the beginning of the year, ARRY delivered a -67.01% return, while its 3-month gains are down by -67.91%. As of May 14, 2021, the sto
Labaton Sucharow LLP Files Securities Class Action Lawsuit Against Array Technologies, Inc and Related Parties
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For Santa Fe tour operator Monique Schoustra, the past year was “the offseason that just kept going and going and going.”
The final credit card transaction she ran in 2020 for Great Southwest Adventures, the business she co-founded in 1998, was on March 10 the day before New Mexico announced its first three cases of COVID-19 disease and declared a public health emergency.
The SARS-CoV-2 pandemic stymied her business at the beginning of its crucial season bringing tour buses to sites around northern New Mexico: the Bandelier National Monument, Chama River Valley, Pecos and Chaco national parks and Taos, among other locations.
“We were hopeful, like everyone was, that this was just going to be a few months … a temporary blip,” she recalled.
Lynn Trimble
Grand Avenue Changes
Changes could be coming to a Phoenix-owned property at 723 West Polk located near a section of Grand Avenue known for arts and historic preservation. The city is in negotiations with a developer that plans to purchase the property, then build new housing (with a preference for veterans) while preserving some elements of the existing American Legion post. The city is currently making presentations at various meetings, and several small business owners and creatives based on Grand Avenue are hoping to meet with the developer and city to provide additional input about changes on the site and their potential impact for the area.
Virgin Galactic misses on revenue, reports lower Q1 earnings
Getty Images via CNN
Virgin Galactic s supersonic rocket plane.
LAS CRUCES, N.M. (AP) Virgin Galactic Holdings, Inc. (SPCE) on Monday reported a loss of $129.7 million in its first quarter.
The Las Cruces, New Mexico-based company said it had a loss of 55 cents per share.
Virgin Galactic shares have declined 24% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.95, a decline of 11% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPCE at https://www.zacks.com/ap/SPCE
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