Array Technologies Reports Mixed Q4 Results, Shares Plunge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
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: 7.580
Low
9.00
Averages
10.44
High
15.00
Current: 7.580
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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- 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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