Array Technologies

ARRY · NASDAQ

$3.33+$0.07 (+2.15%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $3.26

ARRY analyst rating

HoldConsensus of 16 analysts over the last 12 months. 44% rate it a buy.

Strong buy0
Buy7
Hold9
Underperform0
Sell0

12-month price target · 26 analysts

Average $8.83 (+165.1% upside)

Low: $4.04
Now: $3.33
High: $13.65

Upgrades and downgrades

The latest rating actions, newest first

ARRY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 19, 2026	Maintains	Neutral	$8.00 → $7.00	48%
Mizuho	Oct 15, 2026	Upgrade	Neutral → Outperform	$7.00 → $5.00	44%
Morgan Stanley	Oct 14, 2026	Maintains	Equal-Weight	$8.00 → $6.00	67%
Susquehanna	Oct 14, 2026	Maintains	Neutral	$6.75 → $4.00	49%
Barclays	Oct 13, 2026	Maintains	Equal-Weight	$8.00 → $4.00	46%
Piper Sandler	Sep 30, 2026	Maintains	Neutral	$5.00 → $4.00	38%
Jefferies	Sep 29, 2026	Initiates	Buy	$7.00	57%
UBS	Sep 18, 2026	Downgrade	Buy → Neutral	$10.00 → $5.00	45%
Piper Sandler	Sep 9, 2026	Initiates	Neutral	$5.00	38%
UBS	Aug 6, 2026	Maintains	Buy	$11.00 → $10.00	45%

The case for and against

Updated Oct 31, 2025

Bull case

Array Technologies Inc. has demonstrated a recovery in revenue growth, signaling an positive trend after experiencing a period of market share loss. The company has been valued with a 13x multiple applied to the 2025 EBITDA estimate, reflecting an increased confidence in its business improvement, with this multiple rising from a previous 11x. Furthermore, the upward adjustment of the price target to $12 indicates a strong belief in the company's potential resilience and growth in the competitive solar energy sector.

Bear case

Array Technologies, Inc. faces significant risks associated with potential demand softening for solar equipment and supply chain challenges, which could adversely affect its long-term growth trajectory. The company is also experiencing margin dilution from growth outside the U.S., where it derives the majority of its revenue. Additionally, Array's limited engagement with end customers, as opposed to engineering, procurement, and construction (EPC) firms, has contributed to its vulnerability to market fluctuations.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.