Array Technologies Announces $250M Convertible Notes Offering

An announcement from Array Technologies ( (ARRY) ) is now available.

On June 24, 2025, Array Technologies announced its intention to offer $250 million in convertible senior notes due 2031 in a private placement to qualified institutional buyers, subject to market conditions. The proceeds are intended to repay existing debt, fund capped call transactions, and support general corporate purposes. This move is expected to impact the company’s stock market activity and financial positioning, potentially affecting the market price of its common stock and the conversion dynamics of the notes.

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.

Array Technologies’ stock score is primarily influenced by financial challenges and valuation concerns, offset by positive technical momentum and strong earnings call outcomes. While growth prospects are promising, significant financial risks remain.

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 for utility-scale and distributed generation customers. The company offers high-quality solar trackers, software platforms, and field services designed to maximize energy production and withstand harsh weather conditions. Based in the United States, Array Technologies relies on domestic manufacturing and a diversified global supply chain to support solar energy deployment worldwide.

Average Trading Volume: 6,165,341

Technical Sentiment Signal: Sell

Current Market Cap: $1.13B

Find detailed analytics on ARRY stock on TipRanks’ Stock Analysis page.