Array Technologies Inc (ARRY)

Over the past six months, Array Technologies' stock has experienced a decline of approximately 22.00% and is down 23.75% year-to-date as of April 12, 2026. The company reported its Q4 2025 earnings on February 25, 2026, with an actual EPS of -1.060 USD, and its Q3 2025 earnings on November 5, 2025, with an actual EPS of 0.120 USD. Analysts have given Array Technologies a consensus rating of "Hold". Post-acquisition challenges related to STI Norland have pressured margins, but the company has demonstrated a recovery in revenue growth. The stock was up 8.77% in the 30 days leading up to April 8, 2026.

The solar industry can experience seasonality in project development and installation, which could indirectly affect demand for solar tracking systems. Array Technologies' "Array Legacy Operations" segment generated 72% of total revenues in 2024 and 81% in the first nine months of 2025, indicating strong domestic demand. The U.S. solar industry is experiencing strong underlying momentum, and global solar adoption is also expanding. Array Technologies' sizable order backlog ensures revenue generation over several quarters, which can help mitigate short-term seasonal fluctuations. The stock's seasonality going into April shows a chance of a "red month."

Array Technologies, Inc. is a global leader in solar tracking technology, providing ground-mount solar tracking systems and related solutions for utility-scale photovoltaic projects. The company focuses on engineering, design, and production of single-axis solar trackers that increase power output and reduce the levelized cost of energy. Major products include the DuraTrack series, STI H250 dual-row tracker system, OmniTrack tracker, SkyLink photovoltaic-powered control tracker system, DuraTrack Hail XP, SmarTrack software platform, APA foundations, and field services.

Array Technologies, Inc. is headquartered in Albuquerque, New Mexico, with manufacturing plants across the United States. It maintains regional offices in North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific. The company's operations are in the United States, Australia, Spain, Brazil, and other international regions, with the United States deriving the majority of the revenue. The acquisition of STI Norland in January 2022 expanded Array Technologies' global presence and diversified its product line.

Array Technologies maintains a reputation as a leading global provider of solar tracking technology. In 2025, Array Technologies entered a definitive agreement to acquire APA Solar, LLC. The company continues to highlight its advanced products like the DuraTrack Hail XP and the SmarTrack software platform. H. Keith Jennings was appointed Chief Financial Officer, and Gina Gunning became Chief Legal Officer. Array Technologies bolstered its board with two additional directors in March 2026. The company's CEO has emphasized a focus on operational execution and flexible solutions.

Array Technologies, Inc.'s ownership is predominantly held by institutional investors, who own approximately 79.66% to 83.09% of the company's stock. Key institutional shareholders include BlackRock, Inc., UBS Group AG, and Vanguard Group Inc. Insiders hold a smaller portion, around 0.24% to 0.46%, while public and individual investors hold approximately 16.50% to 26.14% of the stock.