ARRY Should I Buy
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Array Technologies Inc (ARRY) is not a good buy for a beginner investor with a long-term focus at this time. The stock is currently oversold, but the lack of positive catalysts, declining financial performance, and negative sentiment from analysts and the market make it a risky investment. Waiting for clearer signs of recovery or stabilization would be more prudent.
The stock is in a bearish trend with the MACD histogram at -0.476 (below 0 and negatively contracting), RSI_6 at 17.822 (indicating oversold conditions), and converging moving averages. Key support is at 7.231, with resistance at 9.034. The stock is trading near its support level, but there is no clear indication of a reversal.
NULL identified. While the company has a record backlog, it has come at the expense of margins, and management's confidence in returning to a high-teens EBITDA profile remains uncertain.
Disappointing earnings, a widened net loss of $145.7 million in Q4, and a 35.2% drop in shares after adjusted profit forecasts missed expectations. Analysts have significantly lowered price targets, and the stock has faced a sharp decline post-earnings. The solar industry is also facing broader challenges, as highlighted by other solar stocks dropping over 30%.
In 2025/Q3, revenue increased by 70.04% YoY to $393.49M, but net income dropped by -111.81% YoY to $18.36M. EPS also declined by -111.76% YoY to 0.12, and gross margin fell by -16.40% YoY to 25.08. The financial performance indicates growth in revenue but significant challenges in profitability and margins.
Analysts have downgraded the stock and lowered price targets significantly. Morgan Stanley reduced its price target to $7, Jefferies to $8.50, Citi to $11, and Deutsche Bank downgraded the stock to Hold with a $9 price target. Analysts cite mixed Q4 results, margin concerns, and cautious optimism at current levels. BNP Paribas remains the only firm with an optimistic price target of $19, but this is an outlier.
