Array Technologies
ARRY
Market cap $1.14B

7.46 USD

+0.19

2.61%

Updated May 20, 3:26 PM EDT

1 day

2.61%

5 days

-8.13%

1 month

78.47%

3 months

8.12%

6 months

17.11%

Year to date

10.68%

1 year

-30.54%

5 years

-79.53%

10 years

-79.53%

About: Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.

Employees: 1,021

Technology Solar

0

Funds holding %

of 7,202 funds

0

Analysts bullish %

of 11 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

180% more call options, than puts

Call options by funds: $42.3M | Put options by funds: $15.1M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q4 2024] → 4 (+1) [Q1 2025]

18% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 33

0% more funds holding

Funds holding: 231 [Q4 2024] → 231 (+0) [Q1 2025]

1% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 79

7.94% less ownership

Funds ownership: 114.4% [Q4 2024] → 106.46% (-7.94%) [Q1 2025]

25% less capital invested

Capital invested by funds: $1.05B [Q4 2024] → $789M (-$262M) [Q1 2025]

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$5

33%

downside

Avg. target

$8.77

18%

upside

High target

$13

74%

upside

11 analyst ratings

7 positive

64%

4 neutral

36%

0 negative

0%

Jefferies Julien Dumoulin-Smith	34%upside $10	Buy Maintained	20 May 2025
Goldman Sachs Brian Lee	47%upside $11	Buy Maintained	19 May 2025
Guggenheim Joseph Osha	61%upside $12	Buy Maintained	16 May 2025
UBS Jon Windham	14%upside $8.50	Buy Maintained	8 May 2025
Roth MKM Philip Shen	33%downside $5	Neutral Maintained	2 May 2025

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about ARRY published over the past 30 days

ARRAY Unveils Hail XP: An Industry-Leading Tracker for Extreme Weather Protection

ALBUQUERQUE, N.M., May 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today unveiled DuraTrack Hail XP™, the Company's most advanced tracker designed to withstand extreme hail and wind events.

ARRAY Unveils Hail XP: An Industry-Leading Tracker for Extreme Weather Protection

First Solar and other solar stocks are climbing. A House proposal has hit the ‘more bullish end of investor expectations.

A new proposal in Congress was helping spark gains for solar stocks on Tuesday, but the plan from the House Ways and Means Committee was viewed as negative for the nuclear-power industry and makers of electric vehicles.

First Solar and other solar stocks are climbing. A House proposal has hit the ‘more bullish end of investor expectations.

Array Technologies: On The Road To Recovery

Array Technologies, Inc., founded in 1989, is a leading solar tracking company, primarily serving utility-scale installations, with significant revenue from the US and growing international presence. Recent earnings showed a 97% YoY revenue increase to $302.4 million, beating analyst estimates, but gross margins fell due to low-margin commitments. Management maintained 2025 guidance with revenue of $1.05-1.15 billion and adjusted EPS of 60-70 cents, expecting improved margins in upcoming quarters.

Array Technologies: On The Road To Recovery

Array Technologies, Inc. (ARRY) Q1 2025 Earnings Call Transcript

Array Technologies, Inc. (NASDAQ:ARRY ) Q1 2025 Earnings Conference Call May 6, 2025 8:00 AM ET Company Participants Kevin Hostetler - CEO Keith Jennings - CFO Neil Manning - President & COO Julia Ward - IR Conference Call Participants Mark Strouse - J.P. Morgan Colin Rusch - Oppenheimer & Company David Benjamin - Mizuho Securities Phillip Shen - ROTH MKM Luke Anneser - Piper Sandler Brian Lee - Goldman Sachs Operator Greetings.

Array Technologies, Inc. (ARRY) Q1 2025 Earnings Call Transcript

Array Technologies: Stabilization Presents A Great Risk-To-Reward Opportunity

After previous market share deterioration, Array Technologies, Inc.'s Q1 showed progress in stabilization. Sales surged past Wall Street's expectations, carrying onto earnings as well. The short-term outlook is uncertain due to tariffs and potential tax benefit changes, but long-term growth in solar power still creates an attractive tailwind for Array. The still low stock price makes ARRY stock attractive. While very risky, I estimate 42% upside to a fair value of $8.1 in a base scenario.

Array Technologies: Stabilization Presents A Great Risk-To-Reward Opportunity

Zacks Investment Research

Array Technologies, Inc. (ARRY) Q1 Earnings and Revenues Top Estimates

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago.

Array Technologies, Inc. (ARRY) Q1 Earnings and Revenues Top Estimates

ARRAY Technologies, Inc. Reports Financial Results for the First Quarter 2025

Strong operational execution drives first-quarter results above revenue and earnings guidance Strong operational execution drives first-quarter results above revenue and earnings guidance

ARRAY Technologies, Inc. Reports Financial Results for the First Quarter 2025

ARRAY Technologies Enhances ARRAY STI H250™ Tracker with SmarTrack® Backtracking and Diffuse Capabilities

ALBUQUERQUE, N.M., May 05, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today announced the expansion of its SmarTrack® software to include backtracking and diffuse optimization capabilities for its ARRAY STI H250™ dual-row tracker.

ARRAY Technologies Enhances ARRAY STI H250™ Tracker with SmarTrack® Backtracking and Diffuse Capabilities

Zacks Investment Research

Array Technologies, Inc. (ARRY) Flat As Market Gains: What You Should Know

In the latest trading session, Array Technologies, Inc. (ARRY) closed at $5.29, marking no change from the previous day.

Array Technologies, Inc. (ARRY) Flat As Market Gains: What You Should Know

Zacks Investment Research

Array Technologies, Inc. (ARRY) Earnings Expected to Grow: Should You Buy?

Array Technologies (ARRY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Array Technologies, Inc. (ARRY) Earnings Expected to Grow: Should You Buy?

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