Array Technologies Secures Funding at Seaport Amid Improved Turnaround and Positive Utility-Scale Solar Prospects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
0mins
Should l Buy ARRY?
Source: SeekingAlpha
Stock Upgrade: Array Technologies' shares rose by 8.2% after Seaport Global upgraded them to Buy from Neutral, citing successful management turnaround and a $12 price target.
Strong Financial Performance: The company reported significant Q3 revenue and volume increases of 70% and 56%, respectively, with a total U.S. revenue of $393.5 million, marking a 70% year-over-year growth.
High-Quality Backlog: Array's backlog reached $1.9 billion, with over 50% of contracts not involving EPCs and a focus on innovative products like OmniTrack, SkyLink, and Hail XP.
Industry Context: Seaport's analysis highlights the U.S. power supercycle's emphasis on solar energy's advantages, suggesting that current market dynamics are shifting focus away from climate debates to practical utility-scale solar solutions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ARRY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ARRY
Wall Street analysts forecast ARRY stock price to rise
14 Analyst Rating
6 Buy
7 Hold
1 Sell
Moderate Buy
Current: 10.690
Low
8.00
Averages
10.82
High
15.00
Current: 10.690
Low
8.00
Averages
10.82
High
15.00
About ARRY
Array Technologies, Inc. is a provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop and operate solar photovoltaic (PV) sites. Its segments include Array Legacy Operations and STI Legacy Operations. Its products are a portfolio of integrated solar tracking systems comprised of software and hardware that include component parts such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers, referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is a range of software and control-based products designed for utility-scale solar sites. It is also a provider of solar racking and structural solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
2026 AI Market Predictions: Alphabet's Gemini to Surpass ChatGPT
- AI Market Competition: In 2026, Alphabet's Gemini is expected to achieve market share parity with OpenAI's ChatGPT, which saw a 19-point drop to 68% market share over the past year, while Gemini gained 13 points to reach 18%, indicating strong momentum in generative AI.
- Solar Industry Outlook: Experts predict the solar industry will outperform the market in 2026, with Tyler Crowe asserting that solar is the short-term solution for AI power needs, as its deployment speed surpasses that of natural gas turbines, potentially leading to significant growth in the coming years.
- Housing Market Recovery: Matt Frankel forecasts a 30% rise in average homebuilder stocks in 2026, driven by increased demand for new homes and anticipated rate cuts, which could attract more buyers and stimulate industry recovery.
- Battery Storage Demand: As solar energy becomes more prevalent, battery storage systems will be crucial; Tyler Crowe noted that in 2024, battery systems were the fourth largest source of added grid capacity, highlighting their importance in mitigating solar energy's intermittency.
See More
Alphabet's Gemini to Surpass ChatGPT Market Share in 2026
- Market Share Competition: In 2026, Alphabet's Gemini is expected to achieve market share parity with OpenAI's ChatGPT, which has seen a 19-point drop to 68% over the past year, while Gemini has gained 13 points to reach 18%.
- Technological Advantages: Gemini is not just a chatbot; it also supports technologies like video creation, and with Alphabet's distribution and cloud infrastructure, it is poised to accelerate market penetration and enhance its competitive edge in generative AI.
- Industry Predictions: Analysts believe that while Gemini's market share is growing rapidly, ChatGPT will still face pressure from smaller competitors, indicating potential shifts in the overall market landscape in the coming years.
- Investment Opportunities: As AI technology evolves quickly, investors are encouraged to focus on the potential returns of Gemini and its related technologies, especially given Alphabet's ability to sustain its generative AI business.
See More
Goldman Sachs Optimistic on U.S. Solar Companies 2026 Outlook, Upgrades ENPH Price Target to $45
- Positive Market Outlook: Goldman Sachs analyst Brian Lee anticipates a roughly 20% year-over-year growth for the U.S. utility-scale market in 2026, as policy uncertainties fade, leading investors to focus on fundamentals, showcasing steady growth and strong bookings momentum.
- ENPH Price Target Upgrade: Goldman upgraded Enphase Energy from Neutral to Buy, raising the price target from $29 to $45, with expectations of benefiting from stronger-than-expected fourth-quarter demand due to market share gains and year-end activities from cash/loan customers ahead of the 25D tax credit expiration.
- Earnings Forecast Increase: Lee raised EPS estimates for Enphase for 2025, 2026, and 2027 to $2.85, $1.89, and $2.76 respectively, reflecting higher revenue projections of $1.47 billion for 2025, up from $1.45 billion previously, indicating robust growth drivers.
- Other Company Highlights: The analyst also noted Array Technologies, Fluence Energy, and Shoals Technologies, with Fluence expected to generate $404 million in first-quarter revenue and Shoals projected to achieve $146 million in fourth-quarter revenue, both indicating strong market demand.
See More
Positive Earnings Outlook for US Solar Companies Amid Strong Bookings and Fading Policy Uncertainties
- Earnings Growth Outlook: US solar companies are expected to achieve steady earnings growth, reflecting a rising market demand as policy uncertainties fade, which enhances investor confidence in the sector.
- Strong Bookings Momentum: The steady increase in order volume indicates a significant boost in bookings momentum for solar firms, suggesting an accelerating demand for renewable energy that could drive revenue growth in the coming quarters.
- Improved Policy Environment: The reduction in policy uncertainties creates a more stable operating environment for the solar industry, enabling companies to better plan long-term investments and expansion strategies, thereby enhancing overall market competitiveness.
- Optimistic Market Prospects: With growing attention on renewable energy, the US solar market is expected to attract more investments, driving technological innovation and cost reductions that further promote sustainable industry growth.
See More
Nextpower (NXT) Quadruples Market Value Post-IPO, Expands to Integrated Energy Solutions
- Market Leadership: Nextracker captured 26% of the solar tracking systems market in 2024, outpacing competitors, which underscores its strong competitive position in the rapidly growing renewable energy sector.
- Significant Revenue Growth: Nextpower's revenue surged from $1.46 billion in fiscal 2022 to $2.96 billion in fiscal 2025, achieving a CAGR of 27%, reflecting robust demand and market positioning in the solar industry.
- Technological Innovation and Expansion: The company opened a solar tracker manufacturing facility in Las Vegas in 2023 and launched a new tracker made from recycled steel, reducing its manufacturing carbon footprint, thereby enhancing its sustainability profile.
- Future Growth Expectations: Analysts project Nextpower's revenue will grow at a CAGR of 14% to $4.35 billion from fiscal 2025 to 2028, indicating strong potential and market outlook as it evolves into an integrated energy solutions provider.
See More
Nextpower Rebrands, Expects $2.96 Billion Revenue by 2025
- Market Leadership: Nextpower controls 26% of the solar tracking systems market in 2024, outpacing competitors, which underscores its strong competitive position in the rapidly growing renewable energy sector.
- Significant Revenue Growth: From fiscal 2022 to fiscal 2025, Nextpower's revenue is projected to grow at a CAGR of 27% to $2.96 billion, reflecting robust demand and market expansion capabilities in the solar industry.
- Technological Innovation: The upcoming utility-scale power conversion systems will complement existing products, aiming to establish Nextpower as a one-stop solution provider for solar power plants, thereby enhancing market appeal and customer loyalty.
- Future Outlook: By 2030, Nextpower expects to generate $4.8 billion to $5.6 billion in revenue, with one-third coming from non-tracker products and services, indicating the potential of its diversification strategy and sustainable growth prospects.
See More
2026 AI Market Predictions: Alphabet's Gemini to Surpass ChatGPT
- AI Market Competition: In 2026, Alphabet's Gemini is expected to achieve market share parity with OpenAI's ChatGPT, which saw a 19-point drop to 68% market share over the past year, while Gemini gained 13 points to reach 18%, indicating strong momentum in generative AI.
- Solar Industry Outlook: Experts predict the solar industry will outperform the market in 2026, with Tyler Crowe asserting that solar is the short-term solution for AI power needs, as its deployment speed surpasses that of natural gas turbines, potentially leading to significant growth in the coming years.
- Housing Market Recovery: Matt Frankel forecasts a 30% rise in average homebuilder stocks in 2026, driven by increased demand for new homes and anticipated rate cuts, which could attract more buyers and stimulate industry recovery.
- Battery Storage Demand: As solar energy becomes more prevalent, battery storage systems will be crucial; Tyler Crowe noted that in 2024, battery systems were the fourth largest source of added grid capacity, highlighting their importance in mitigating solar energy's intermittency.
See More
Alphabet's Gemini to Surpass ChatGPT Market Share in 2026
- Market Share Competition: In 2026, Alphabet's Gemini is expected to achieve market share parity with OpenAI's ChatGPT, which has seen a 19-point drop to 68% over the past year, while Gemini has gained 13 points to reach 18%.
- Technological Advantages: Gemini is not just a chatbot; it also supports technologies like video creation, and with Alphabet's distribution and cloud infrastructure, it is poised to accelerate market penetration and enhance its competitive edge in generative AI.
- Industry Predictions: Analysts believe that while Gemini's market share is growing rapidly, ChatGPT will still face pressure from smaller competitors, indicating potential shifts in the overall market landscape in the coming years.
- Investment Opportunities: As AI technology evolves quickly, investors are encouraged to focus on the potential returns of Gemini and its related technologies, especially given Alphabet's ability to sustain its generative AI business.
See More
Goldman Sachs Optimistic on U.S. Solar Companies 2026 Outlook, Upgrades ENPH Price Target to $45
- Positive Market Outlook: Goldman Sachs analyst Brian Lee anticipates a roughly 20% year-over-year growth for the U.S. utility-scale market in 2026, as policy uncertainties fade, leading investors to focus on fundamentals, showcasing steady growth and strong bookings momentum.
- ENPH Price Target Upgrade: Goldman upgraded Enphase Energy from Neutral to Buy, raising the price target from $29 to $45, with expectations of benefiting from stronger-than-expected fourth-quarter demand due to market share gains and year-end activities from cash/loan customers ahead of the 25D tax credit expiration.
- Earnings Forecast Increase: Lee raised EPS estimates for Enphase for 2025, 2026, and 2027 to $2.85, $1.89, and $2.76 respectively, reflecting higher revenue projections of $1.47 billion for 2025, up from $1.45 billion previously, indicating robust growth drivers.
- Other Company Highlights: The analyst also noted Array Technologies, Fluence Energy, and Shoals Technologies, with Fluence expected to generate $404 million in first-quarter revenue and Shoals projected to achieve $146 million in fourth-quarter revenue, both indicating strong market demand.
See More
Positive Earnings Outlook for US Solar Companies Amid Strong Bookings and Fading Policy Uncertainties
- Earnings Growth Outlook: US solar companies are expected to achieve steady earnings growth, reflecting a rising market demand as policy uncertainties fade, which enhances investor confidence in the sector.
- Strong Bookings Momentum: The steady increase in order volume indicates a significant boost in bookings momentum for solar firms, suggesting an accelerating demand for renewable energy that could drive revenue growth in the coming quarters.
- Improved Policy Environment: The reduction in policy uncertainties creates a more stable operating environment for the solar industry, enabling companies to better plan long-term investments and expansion strategies, thereby enhancing overall market competitiveness.
- Optimistic Market Prospects: With growing attention on renewable energy, the US solar market is expected to attract more investments, driving technological innovation and cost reductions that further promote sustainable industry growth.
See More
Nextpower (NXT) Quadruples Market Value Post-IPO, Expands to Integrated Energy Solutions
- Market Leadership: Nextracker captured 26% of the solar tracking systems market in 2024, outpacing competitors, which underscores its strong competitive position in the rapidly growing renewable energy sector.
- Significant Revenue Growth: Nextpower's revenue surged from $1.46 billion in fiscal 2022 to $2.96 billion in fiscal 2025, achieving a CAGR of 27%, reflecting robust demand and market positioning in the solar industry.
- Technological Innovation and Expansion: The company opened a solar tracker manufacturing facility in Las Vegas in 2023 and launched a new tracker made from recycled steel, reducing its manufacturing carbon footprint, thereby enhancing its sustainability profile.
- Future Growth Expectations: Analysts project Nextpower's revenue will grow at a CAGR of 14% to $4.35 billion from fiscal 2025 to 2028, indicating strong potential and market outlook as it evolves into an integrated energy solutions provider.
See More
Nextpower Rebrands, Expects $2.96 Billion Revenue by 2025
- Market Leadership: Nextpower controls 26% of the solar tracking systems market in 2024, outpacing competitors, which underscores its strong competitive position in the rapidly growing renewable energy sector.
- Significant Revenue Growth: From fiscal 2022 to fiscal 2025, Nextpower's revenue is projected to grow at a CAGR of 27% to $2.96 billion, reflecting robust demand and market expansion capabilities in the solar industry.
- Technological Innovation: The upcoming utility-scale power conversion systems will complement existing products, aiming to establish Nextpower as a one-stop solution provider for solar power plants, thereby enhancing market appeal and customer loyalty.
- Future Outlook: By 2030, Nextpower expects to generate $4.8 billion to $5.6 billion in revenue, with one-third coming from non-tracker products and services, indicating the potential of its diversification strategy and sustainable growth prospects.
See More
