ARRY Should I Buy
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Array Technologies Inc (ARRY) is not a good buy at the moment for a beginner investor with a long-term horizon. The stock has experienced a significant price drop due to weak earnings guidance and disappointing profit forecasts for FY 2026. Additionally, technical indicators suggest a bearish trend, and there are no strong positive catalysts to offset the negative sentiment.
The stock is in a bearish trend with MACD negatively expanding (-0.367), RSI at 15.529 indicating oversold conditions, and converging moving averages. The stock is trading below key support levels, with S1 at 7.839 and S2 at 6.653, suggesting further downside risk.
The company reported significant revenue growth in 2025, with nearly $1.3 billion in total revenue and a record $2.2 billion order book, indicating strong demand for its products.
The company issued weak earnings guidance for FY 2026, leading to a sharp decline in share price. Analysts have downgraded the stock, citing soft margins and disappointing adjusted EBITDA. Additionally, the net loss widened to $145.7 million in Q4 2025.
In Q3 2025, revenue increased by 70.04% YoY to $393.49 million. However, net income dropped by -111.81% YoY to a loss of $18.36 million, and EPS fell by -111.76% YoY to 0.12. Gross margin also declined by 16.40% YoY to 25.08%.
Analysts have mixed views on ARRY. Deutsche Bank downgraded the stock to Hold with a $9 price target, and JPMorgan lowered its price target to $11 from $15 while maintaining an Overweight rating. BNP Paribas upgraded the stock to Outperform with a $19 price target, but overall sentiment leans negative due to soft margins and weak guidance.
