Should You Buy Array Technologies Inc (ARRY) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
11.670
1 Day change
2.19%
52 Week Range
11.960
Analysis Updated At
2026/01/28
Not a good buy right now for a beginner long-term investor who wants to enter immediately. ARRY is in a strong short-term uptrend but looks extended (RSI elevated and price pushing into resistance), while fundamentals show margin/profit deterioration and the latest analyst action is a downgrade with an $11 target (below/around the current pre-market price). With no Intellectia buy signals today and a negative 1-month pattern bias, the risk/reward for an immediate long-term entry is unfavorable at ~$11.36.
Technical Analysis
Trend is bullish but stretched. MACD histogram is positive and expanding (momentum up). Moving averages are stacked bullishly (SMA_5 > SMA_20 > SMA_200), confirming an uptrend. RSI_6 is 75.625 (overbought/extended conditions rather than a fresh, low-risk entry). Price is trading above R1 (11.16) pre-market and is approaching R2 (11.712), which makes the near-term upside more limited versus downside back toward the pivot (10.266). Pattern-based outlook provided also leans negative for the next month (-5.8%).
Intellectia Proprietary Trading Signals:
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Options sentiment is bullish/leaning risk-on: put/call ratios are low (OI PCR 0.45; Volume PCR 0.4), implying more call positioning than puts. However, implied volatility is extremely high (30D IV ~94.3; IV percentile 72) and today’s option activity shows unusually elevated participation vs average (volume vs 30D avg ~44.57; open interest vs avg ~122.11). This setup often coincides with larger price swings, and at an extended technical level it can amplify drawdowns if momentum cools.
Technical Summary
Sell
5
Buy
10
Positive Catalysts
1) Technical uptrend remains intact (bullish MA stack; positive MACD).
3) Prior analyst upgrades highlight a potential multi-year turnaround narrative (TD Cowen Buy PT $12; UBS Buy PT $15) tied to utility-scale solar demand.
4) Upcoming earnings (QDEC 2025 on 2026-02-26) could be a catalyst if margins/guide improve.
Neutral/Negative Catalysts
1) Stock is extended near resistance (RSI elevated; trading above R1 and nearing R2), increasing pullback risk.
2) Latest analyst action is a downgrade (Baird to Neutral, PT $11), and BofA remains Underperform (PT $9); current price is already around/above several cautious targets.
3) 2025/Q3 showed deterioration in profitability metrics (net income/EPS down sharply YoY; gross margin down), which can pressure the long-term thesis if it persists.
4) No recent news support and no Intellectia proprietary buy signals today; pattern-based 1-month bias is negative (-5.8%).
5) No notable supportive flow from insiders/hedge funds per provided trends; no congress trading data available.
Financial Performance
Latest reported quarter: 2025/Q3. Revenue grew strongly to $393.491M (+70.04% YoY), but profitability weakened materially: Net Income fell to $18.359M (-111.81% YoY), EPS to $0.12 (-111.76% YoY), and Gross Margin declined to 25.08% (-16.40% YoY). The key trend is strong top-line growth paired with worsening margins/earnings—good for demand signals, but not yet confirming a durable, high-quality earnings recovery.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend is mixed and turning more cautious near current prices. Bulls: UBS reiterated Buy and lifted PT to $15 (2025-11-11); Seaport upgraded to Buy PT $12 (2025-11-10); TD Cowen upgraded to Buy PT $12 (2026-01-09) citing improving execution and catalysts. Cautious/Bearish: BofA kept Underperform and only raised PT to $9 (2026-01-22). Most importantly, the latest update is Baird downgrading to Neutral with an unchanged $11 PT (2026-01-28), explicitly citing valuation after a sharp run and warning about lower-margin bookings amid competition.
Wall Street pro view (pros): turnaround/execution improving, potential demand tailwinds in U.S. utility-scale solar. Cons: valuation after a strong rally, competition/margins risk, and some firms remain structurally bearish with targets below the current price.
Politicians/influential figures: No recent congress trading data available; no politician activity provided.
Hedge/insider trends (provided): both Neutral with no significant recent trends.
Wall Street analysts forecast ARRY stock price to fall 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 USD and a high forecast of 15 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 fall 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 USD and a high forecast of 15 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: 11.420
Low
8
Averages
10.82
High
15
Current: 11.420
Low
8
Averages
10.82
High
15
Baird
Outperform -> Neutral
downgrade
$11
AI Analysis
2026-01-28
New
Reason
Baird
Price Target
$11
AI Analysis
2026-01-28
New
downgrade
Outperform -> Neutral
Reason
Baird downgraded Array Technologies to Neutral from Outperform with an unchanged price target of $11. The firm cites valuation for the downgrade with the shares up 40% since the beginning of Q4. It wants to see additional data points of share performance before becoming more constructive. Array's bookings may come at lower margins as competition intensifies, the analyst tells investors in a research note.
BofA
Dimple Gosai
Underperform
maintain
$8 -> $9
2026-01-22
Reason
BofA
Dimple Gosai
Price Target
$8 -> $9
2026-01-22
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.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for ARRY
