Array Technologies Reports Mixed Q4 Results, Shares Plunge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy ARRY?
Source: seekingalpha
- Weak Earnings Guidance: Array Technologies projects FY 2026 adjusted EPS between $0.65 and $0.75, significantly below the $0.88 FactSet consensus, indicating potential challenges in future profitability that may undermine investor confidence.
- Revenue and EBITDA Performance: The company anticipates full-year revenues of $1.4B to $1.5B, aligning with the $1.45B consensus, yet adjusted EBITDA is expected to be $200M to $230M, falling short of the $256.4M consensus, reflecting declining profitability.
- Severe Market Reaction: Following the report, Array Technologies' shares plummeted 35.2% in Thursday's trading to three-month lows, indicating strong investor concerns regarding the company's outlook, which could lead to further market volatility.
- Analyst Downgrade: Deutsche Bank downgraded Array's rating from Buy to Hold, slashing the price target from $11 to $9, citing a weaker-than-expected outlook due to a 45x amortization falloff, although management indicated flat core margins year-over-year.
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Analyst Views on ARRY
Wall Street analysts forecast ARRY stock price to rise
9 Analyst Rating
2 Buy
6 Hold
1 Sell
Hold
Current: 7.660
Low
9.00
Averages
10.44
High
15.00
Current: 7.660
Low
9.00
Averages
10.44
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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- Trump's Term Impact: During Trump's first term, TAN surged approximately 550%, while it plummeted around 70% under Biden, highlighting the significant influence of political climate on the solar sector, which investors should closely monitor for potential policy shifts.
- Technical Chart Analysis: Currently, TAN is consolidating near its 50-day moving average between $52 and $60, with momentum indicators suggesting a likely resumption of the upward trend, making it an attractive option for long-term investors.
- Future Targets: Analysts recommend going long above $50 with stop-losses just below $45, targeting a price of $60 and potentially reaching the mid-70s, indicating that rising oil prices could provide a favorable tailwind for the solar sector's growth.
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- Market Comparison: Compared to the S&P 500 ETF's current RSI of 41.2, ARRY's oversold status may attract investor attention, particularly given the overall strong market performance, highlighting its relative value appeal.
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Array Technologies Reports Mixed Q4 Results, Shares Plunge
- Weak Earnings Guidance: Array Technologies projects FY 2026 adjusted EPS between $0.65 and $0.75, significantly below the $0.88 FactSet consensus, indicating potential challenges in future profitability that may undermine investor confidence.
- Revenue and EBITDA Performance: The company anticipates full-year revenues of $1.4B to $1.5B, aligning with the $1.45B consensus, yet adjusted EBITDA is expected to be $200M to $230M, falling short of the $256.4M consensus, reflecting declining profitability.
- Severe Market Reaction: Following the report, Array Technologies' shares plummeted 35.2% in Thursday's trading to three-month lows, indicating strong investor concerns regarding the company's outlook, which could lead to further market volatility.
- Analyst Downgrade: Deutsche Bank downgraded Array's rating from Buy to Hold, slashing the price target from $11 to $9, citing a weaker-than-expected outlook due to a 45x amortization falloff, although management indicated flat core margins year-over-year.
See More
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- Year-to-Date Performance: The Invesco Solar ETF (TAN) has risen 16% year-to-date and 62% since President Trump's inauguration, indicating strong investor interest in alternative energy despite political fluctuations, reflecting ongoing market focus on green energy.
- Trump's Term Impact: During Trump's first term, TAN surged approximately 550%, while it plummeted around 70% under Biden, highlighting the significant influence of political climate on the solar sector, which investors should closely monitor for potential policy shifts.
- Technical Chart Analysis: Currently, TAN is consolidating near its 50-day moving average between $52 and $60, with momentum indicators suggesting a likely resumption of the upward trend, making it an attractive option for long-term investors.
- Future Targets: Analysts recommend going long above $50 with stop-losses just below $45, targeting a price of $60 and potentially reaching the mid-70s, indicating that rising oil prices could provide a favorable tailwind for the solar sector's growth.
See More
Array Technologies Shares Show Oversold Signal
- Oversold Signal: Array Technologies (Ticker: ARRY) hit an RSI of 29.4 during Friday's trading, indicating an oversold condition as shares dipped to $6.63, suggesting that recent heavy selling may be nearing exhaustion and providing potential buying opportunities for bullish investors.
- Market Comparison: Compared to the S&P 500 ETF's current RSI of 41.2, ARRY's oversold status may attract investor attention, particularly given the overall strong market performance, highlighting its relative value appeal.
- Historical Performance Analysis: Over the past 52 weeks, ARRY's stock has seen a low of $3.76 and a high of $12.23, with the latest trade at $6.81, indicating that the current price is close to its low point, potentially offering investors a lower entry cost.
- Investor Sentiment: With the emergence of the oversold signal, investors may reassess their holding strategies, especially amid increasing market volatility, seeking suitable buying opportunities to achieve potential capital appreciation.
See More
Forgent Rises on Positive Initiations Linked to Data Center Demand
Stock Performance: Forgent Power Solutions shares rose nearly 6% on Monday, reflecting positive market sentiment.
Analyst Coverage: Four Wall Street firms initiated coverage with bullish ratings, contributing to the stock's upward trend.
IPO Gains: The stock has increased over 30% since its initial public offering price of $27.
Current Trading Price: Forgent Power Solutions is currently trading around $35.
See More
Solar Stocks Plummeted This Week: Reasons for Ongoing Challenges.
- Earnings Decline: Three solar stocks dropped over 30% after disappointing earnings reports, with a fourth stock falling 14%, indicating financial struggles in the industry.
- Industry Challenges: The solar sector is facing significant challenges, including tariff impacts on profit margins, unfavorable federal energy policies, and weaker-than-expected demand.
- Lack of Solutions: There are no straightforward or immediate solutions to address the financial and operational issues currently affecting the solar industry.
- Market Sentiment: The sharp declines in stock prices reflect growing concerns among investors regarding the future viability and profitability of solar companies.
See More
Array Technologies Reports Mixed Q4 Results, Shares Plunge
- Weak Earnings Guidance: Array Technologies projects FY 2026 adjusted EPS between $0.65 and $0.75, significantly below the $0.88 FactSet consensus, indicating potential challenges in future profitability that may undermine investor confidence.
- Revenue and EBITDA Performance: The company anticipates full-year revenues of $1.4B to $1.5B, aligning with the $1.45B consensus, yet adjusted EBITDA is expected to be $200M to $230M, falling short of the $256.4M consensus, reflecting declining profitability.
- Severe Market Reaction: Following the report, Array Technologies' shares plummeted 35.2% in Thursday's trading to three-month lows, indicating strong investor concerns regarding the company's outlook, which could lead to further market volatility.
- Analyst Downgrade: Deutsche Bank downgraded Array's rating from Buy to Hold, slashing the price target from $11 to $9, citing a weaker-than-expected outlook due to a 45x amortization falloff, although management indicated flat core margins year-over-year.
See More
U.S. Stocks Decline Midway, S&P 500 Falls Over 1%
- Market Performance: U.S. stocks traded lower midway through the session, with the S&P 500 falling over 1%, indicating a weakening market trend that could impact investor confidence.
- Company Earnings: Hormel Foods Corp (NYSE:HRL) reported mixed Q1 FY26 results, with adjusted EPS of 34 cents beating the 32 cents consensus, but sales of $3.03 billion missed the $3.07 billion estimate, reflecting sales challenges faced by the company.
- Sector Performance: Energy shares gained 1%, while information technology stocks fell by 2.6%, indicating varied market reactions across sectors that may influence investor asset allocation strategies.
- Economic Data: U.S. natural gas stocks fell by 52 billion cubic feet, exceeding market expectations of a 36 bcf draw, while initial jobless claims rose by 4,000 to 212,000, suggesting potential pressures in the labor market.
See More
