Market Reaction to Fed's Rate Cut: Stocks experienced a significant rally following the Federal Reserve's third consecutive rate cut, with the Russell 2000 reaching all-time highs and the Dow Jones Industrial Average gaining 558 points. Despite Jerome Powell's neutral tone and indications of no further cuts in January, investors were encouraged by the Fed's improved economic outlook.
Economic Projections and Fed's Position: The Fed's updated projections indicate stronger growth and softer inflation, with real GDP expected to grow 2.3% in 2026. Powell emphasized that the current interest rate is within a neutral range, and the Fed is prepared to monitor economic developments before making further decisions.
Tensions Within the Fed: The decision to cut rates was supported by 9 of 12 officials, highlighting internal divisions regarding the balance between employment and inflation goals. Powell acknowledged the challenges posed by rising jobless claims and inflation remaining above target.
Sector Performance: Rate-sensitive sectors, including regional banks, homebuilders, and clean energy stocks, saw substantial gains. Notable increases were observed in the SPDR S&P Regional Banking ETF and the iShares Home Construction ETF, reflecting investor optimism driven by the Fed's economic forecasts.
Wall Street analysts forecast ARRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARRY is 10.82 USD with a low forecast of 8.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast ARRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARRY is 10.82 USD with a low forecast of 8.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
7 Hold
1 Sell
Moderate Buy
Current: 10.220
Low
8.00
Averages
10.82
High
15.00
Current: 10.220
Low
8.00
Averages
10.82
High
15.00
BofA
Dimple Gosai
Underperform
maintain
$8 -> $9
2026-01-22
New
Reason
BofA
Dimple Gosai
Price Target
$8 -> $9
AI Analysis
2026-01-22
New
maintain
Underperform
Reason
BofA analyst Dimple Gosai raised the firm's price target on Array Technologies to $9 from $8 and keeps an Underperform rating on the shares as part of the firm's Q4 preview for its U.S. cleantech coverage.
TD Cowen
Hold
to
Buy
upgrade
$10 -> $12
2026-01-09
Reason
TD Cowen
Price Target
$10 -> $12
2026-01-09
upgrade
Hold
to
Buy
Reason
TD Cowen upgraded Array Technologies to Buy from Hold with a price target of $12, up from $10. The firm cites the company's improving execution, low investor expectations and valuation gap versus peers for the upgrade. Array has a "clear catalys"t in the July 4th safe-harbor deadline, the analyst tells investors in a research note.
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Citi
Buy
upgrade
$37 -> $63
2026-01-07
Reason
Citi
Price Target
$37 -> $63
2026-01-07
upgrade
Buy
Reason
Citi raised the firm's price target on Array Digital to $63 from $37 and keeps a Buy rating on the shares. The firm cites a more optimistic view of the company's tower business for the target bump.
Morgan Stanley
Equal Weight
maintain
$8 -> $9
2025-12-02
Reason
Morgan Stanley
Price Target
$8 -> $9
2025-12-02
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Array Technologies to $9 from $8 and keeps an Equal Weight rating on the shares. The firm is refreshing its price target and model after Q3 earnings.
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.