ARRY Should I Buy
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Array Technologies Inc (ARRY) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock's recent price decline, lack of strong positive catalysts, and mixed financial performance make it a hold. While the company shows revenue growth, declining net income and EPS, coupled with a cautious analyst sentiment, suggest waiting for more favorable conditions before investing.
The technical indicators present a mixed picture. The MACD is negative and expanding downward, indicating bearish momentum. RSI is neutral at 36.378, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its support levels (S1: 10.782, S2: 10.395), suggesting limited downside in the short term but no strong upward momentum.
Additionally, the July 4th safe-harbor deadline is identified as a potential catalyst by analysts.
Net income and EPS have dropped significantly (-111.81% and -111.76% YoY, respectively). Gross margin has also declined by 16.40% YoY. Analyst sentiment is cautious, with recent downgrades and concerns about competition and lower-margin bookings. The stock is expected to decline further in the short term based on historical candlestick patterns.
In Q3 2025, revenue increased by 70.04% YoY to $393.49M. However, net income dropped by 111.81% YoY to $18.36M, and EPS fell by 111.76% YoY to $0.12. Gross margin declined to 25.08%, down 16.40% YoY, indicating profitability challenges.
Analyst sentiment is mixed to negative. Baird downgraded the stock to Neutral, citing valuation concerns and competition. BofA raised the price target but maintained an Underperform rating. TD Cowen upgraded the stock to Buy, citing improving execution and valuation gap versus peers. Citi issued a more optimistic price target for a different segment of the company but is not directly relevant to ARRY's core business.
