Array Technologies Adds Independent Directors to Expanded Board

Array Technologies ( (ARRY) ) has shared an update.

On March 19, 2026, Array Technologies expanded its Board of Directors from eight to ten members and appointed clean-energy veterans Emily Cohen and Carolyne Murff as independent directors, bringing the board to nine independent members. Murff, now a Class I director and Audit Committee member with extensive operational experience at LS Power and Clearlight Energy, will serve until the 2027 annual meeting, while Cohen, a senior Primergy Solar executive with two decades in project development, joins as a Class II director and member of the Nominating and Corporate Governance Committee through the 2028 meeting.

Both appointees qualify under Nasdaq and SEC independence standards, with Murff additionally meeting audit committee financial literacy requirements, and will receive Array’s standard mix of cash and equity retainers under its non-employee director compensation program. The company also disclosed a related-party context in which Cohen’s affiliated entity, Valley of Fire Solar, holds an interest in the Gemini solar project, to which Array has proposed approximately $2.2 million in commercial offerings, underscoring the board’s deepening ties to large-scale renewable projects and its emphasis on governance, industry expertise and stakeholder-focused oversight.

The most recent analyst rating on (ARRY) stock is a Buy with a $13.00 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 score is held back primarily by weak recent financial performance—ongoing losses and a sharp deterioration in 2025 cash flow—despite balance-sheet improvement. Offsetting this, the latest earnings call provided constructive 2026 guidance backed by a record order book and stronger liquidity, while technicals are moderately supportive but not strongly bullish and valuation is difficult to assess due to negative earnings.

To see Spark’s full report on ARRY stock, click here.

More about Array Technologies

Array Technologies, Inc. is a U.S.-founded, Nasdaq-listed provider of solar tracking technology, fixed-tilt systems, software platforms, foundation solutions and field services for utility-scale and distributed generation solar PV customers worldwide. Its products are engineered to withstand harsh weather while optimizing energy production, supported by domestic manufacturing, a diversified global supply chain and a customer-centric approach across the full project lifecycle.

Average Trading Volume: 6,424,116

Technical Sentiment Signal: Sell

Current Market Cap: $1.05B

For an in-depth examination of ARRY stock, go to TipRanks’ Overview page.