Array Technologies, Inc. (NASDAQ:ARRY) is included among the 10 Best Clean Energy Stocks to Buy Right Now.
Array Technologies, Inc. (NASDAQ:ARRY) is a leading American company and a global provider of utility-scale solar tracker technology
On May 8, Morgan Stanley raised its price target on Array Technologies, Inc. (NASDAQ:ARRY) from $7 to $8, but kept its ‘Equal Weight’ rating on the shares. The revised estimate comes after Array Technologies, Inc. (NASDAQ:ARRY) delivered a surprise profit in its Q1 2026 report on May 6. The company posted an adjusted EPS of $0.06, topping expectations of a loss per share of $0.05.
The company’s revenue of $223.4 million also exceeded expectations by just under $22 million, despite a YoY decline of 26% due to lower ASPs driven by project mix. Array Technologies, Inc. (NASDAQ:ARRY) reported an adjusted EBITDA of $29 million in the first quarter, an $18 million improvement sequentially. Volumes also increased by approximately 15% QoQ.