ARRY Should I Buy
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Array Technologies Inc (ARRY) is not a strong buy at the moment given the mixed signals from technical indicators, declining financial performance, and lack of significant positive catalysts. While the stock has potential for long-term growth in the clean energy sector, the investor's preference for long-term investment and the absence of immediate compelling entry signals suggest holding off for now.
The MACD is positive and expanding, indicating bullish momentum. However, the RSI is neutral at 63.899, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 7.372, with resistance at 7.998 and support at 6.745.
Analysts highlight a 'catalyst-rich environment' with potential growth in data center contracts and increased order volumes. The broader utility-scale solar backdrop remains solid.
Multiple analysts have lowered price targets, citing concerns over margins, product transitions, and cautious investor sentiment. Financial performance shows declining net income and EPS despite revenue growth.
In Q3 2025, revenue increased by 70.04% YoY to $393.49M, but net income dropped by -111.81% YoY to $18.36M. EPS fell by -111.76% YoY to 0.12, and gross margin declined by 16.40% YoY to 25.08%.
Analysts are mixed with some maintaining Buy ratings (e.g., Goldman Sachs, UBS, Jefferies) but lowering price targets. Others, like Deutsche Bank and Susquehanna, maintain Neutral or Hold ratings. Price targets range from $7 to $11, reflecting cautious optimism.
