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Array Technologies ( (ARRY) ) has provided an update.
On June 17, 2025, Array Technologies announced its acquisition of APA Solar, LLC, a company specializing in engineered foundation solutions and fixed-tilt mounting systems for solar projects. The acquisition, valued at approximately $179 million, aims to expand Array’s product portfolio and address challenging soil conditions with an integrated tracker and foundation system. This strategic move is expected to enhance Array’s market position by increasing its addressable market by nearly 40% and is anticipated to be accretive to Array’s adjusted EPS in the first year. The transaction is set to close in the third quarter of 2025, pending regulatory approval and customary closing conditions.
The most recent analyst rating on (ARRY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.
Spark’s Take on ARRY Stock
According to Spark, TipRanks’ AI Analyst, ARRY is a Neutral.
The overall score for Array Technologies is driven by strong technical indicators and positive earnings call highlights. However, financial performance and valuation concerns weigh heavily on the stock’s attractiveness. The focus on innovation and growth is promising, but challenges in profitability and regulatory environment need to be addressed.
To see Spark’s full report on ARRY stock, click here.
More about Array Technologies
Array Technologies, Inc. is a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects. The company focuses on maximizing energy production and delivering value through high-quality solar trackers, software platforms, and field services. Array Technologies is headquartered in the United States and emphasizes domestic manufacturing and a diversified global supply chain.
Average Trading Volume: 6,063,168
Technical Sentiment Signal: Sell
Current Market Cap: $1.21B
See more insights into ARRY stock on TipRanks’ Stock Analysis page.