Array Technologies Inc (ARRY)

Several events have impacted Array Technologies' stock price in the past six months. Array Technologies completed the acquisition of APA Solar for $179 million, integrating specialized foundation and fixed-tilt systems. The company reported strong third-quarter 2025 financial results, surpassing analyst expectations for both EPS and revenue, with revenue increasing 70% year-over-year. The stock reached a 52-week high of $10.38 on December 22, 2025, attributed to a broader "relief rally" in the solar sector. Array Technologies announced the promotions of Darin Green to Global Chief Revenue Officer and Nick Strevel to Chief Product Officer on January 6, 2026. Analyst ratings have generally been positive, but the stock has experienced significant daily fluctuations and high volatility.

Demand for Array Technologies' products is driven by the expanding global solar energy market, experiencing rapid growth due to the shift towards renewable energy and decreasing costs of solar technology. Array Technologies benefits from a robust order book, which stood at approximately $1.9 billion at the end of the third quarter of 2025, providing revenue visibility into 2026. A "rush to build" is anticipated in the first half of 2026, as developers aim to meet deadlines for legacy tax credits, creating high demand. Management has expressed optimism for 2026, citing a strong order book and improving book-to-bill momentum.

Array Technologies, Inc. is a global provider of utility-scale solar tracker technology, designing and manufacturing mechanical and software systems to maximize energy production for large-scale power plants. Their core business revolves around single-axis solar trackers, including products like DuraTrack HZ v3, Array STI H250, Array OmniTrack, and Array SkyLink, along with SmarTrack software. They have expanded to include fixed-tilt systems and foundation solutions, engineered to withstand harsh conditions and maximize energy output.

Array Technologies has a significant international presence, with operations in the United States, Spain, Brazil, and Australia. The acquisition of STI Norland in 2022 and APA Solar in 2025 broadened its geographic reach, particularly in Europe and Brazil.

Array Technologies maintains a strong brand reputation as a market leader in solar tracking technology, recognized for innovation and relationships with major utility companies. Its focus on domestic content has bolstered its market position, and the acquisition of APA Solar strengthened its global leadership. While the company faced market challenges and reported net losses in 2024, there haven't been specific negative events significantly impacting its brand reputation in the past year.

Array Technologies' ownership is predominantly institutional, with these investors collectively holding approximately 61.17% to 84.81% of the company's stock. Insiders hold a smaller stake of about 0.41%, while public and individual investors account for the remaining shares. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., UBS Group AG, Hill City Capital, LP, Grantham, Mayo, Van Otterloo & Co. LLC, Morgan Stanley, BNP Paribas Asset Management Holding S.A., Schroder Investment Management Group, and Invesco Ltd.