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Why Is Array (ARRY) Stock Soaring Today

ARRY Cover Image

What Happened?

Shares of solar tracking systems manufacturer Array (NASDAQ: ARRY) jumped 5.5% in the morning session after an analyst at UBS raised the company's price target, citing an improved outlook following strong second-quarter results. UBS lifted its price target on Array Technologies to $9.00 from $8.50, maintaining a Buy rating. The bank's optimism stems from the company's guidance for stronger gross margins in the second half of 2025 and into 2026. This analyst action follows the company's impressive second-quarter 2025 results, where it surpassed market expectations with revenue of $362 million and earnings per share of $0.25. Following the strong performance, Array also raised its full-year 2025 revenue guidance. The positive sentiment is shared on Wall Street, with analysts at Oppenheimer also reiterating an Outperform rating.

After the initial pop the shares cooled down to $5.48, down 0.4% from previous close.

Is now the time to buy Array? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Array’s shares are extremely volatile and have had 74 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 5 months ago when the stock dropped 21.4% on the news that the company reported weaker than expected fourth quarter 2024 results, with EBITDA missing Wall Street's estimates and full-year guidance coming in significantly below expectations, not exactly what investors wanted to see. On the plus side, the company offered a strong revenue outlook for next quarter, beating analysts' forecasts. Management is projecting over 20% year-on-year growth in 2025, backed by a solid order backlog and rising demand for its solar tracking solutions. Overall, earnings shortfalls and macro challenges made this a weaker quarter, but if the company can execute well, that bullish revenue guidance suggests some potential upside ahead.

Array is down 18.7% since the beginning of the year, and at $5.48 per share, it is trading 35.1% below its 52-week high of $8.44 from May 2025. Investors who bought $1,000 worth of Array’s shares at the IPO in October 2020 would now be looking at an investment worth $150.34.

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