The average of price targets set by Wall Street analysts indicates a potential upside of 26.9% in Array Technologies (ARRY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $6.89, indicating a -2.13% shift from the previous trading day.
Array Technologies, Inc. (ARRY) reached $7.47 at the closing of the latest trading day, reflecting a -2.23% change compared to its last close.
Array Technologies (ARRY) possesses solid growth attributes, which could help it handily outperform the market.
Here is how Array Technologies, Inc. (ARRY) and FMC Technologies (FTI) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act. The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.
In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $5.9, indicating a -8.39% shift from the previous trading day.
Solar stocks are plunging as the House Republican tax bill terminates key clean energy credits. The legislation is "disastrous" for the rooftop solar industry, according to Guggenheim.
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.