What Factors Are Contributing to Array Technologies' 9% Pre-Market Surge?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Should l Buy ARRY?
Source: Benzinga
Stock Performance: Array Technologies, Inc. (NASDAQ: ARRY) shares rose 9.13% in pre-market trading to $9.08, following a 7.63% increase to $8.32 on Wednesday, with a year-to-date gain of 37.8%.
Financial Results: The company reported a revenue of $393.5 million for Q3, a 70% increase from the previous year, with adjusted EBITDA of $72.2 million and adjusted net income per diluted share of $0.30.
Guidance Update: Array Technologies raised its full-year 2025 revenue projection to between $1.25 billion and $1.28 billion, with adjusted EBITDA guidance set at $185 million to $195 million, aided by contributions from the recently acquired APA Solar.
Order Backlog: As of September 30, the company reported a total executed contracts and awarded orders backlog of $1.9 billion, excluding contributions from APA Solar.
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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.
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