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 stock closed at $14.23 per share.