Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Array Technologies ( (ARRY) ) just unveiled an announcement.
On June 24, 2025, Array Technologies announced the pricing of its upsized offering of $300 million in convertible senior notes due 2031, with an interest rate of 2.875% per annum. The proceeds will be used to repay existing debt, fund capped call transactions, and repurchase existing convertible notes, aiming to strengthen the company’s financial position and reduce potential stock dilution.
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.
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. operates in the renewable energy sector, specializing in solar tracking solutions. The company focuses on providing innovative and efficient solar tracking systems to optimize energy production for solar power projects.
Average Trading Volume: 6,600,676
Technical Sentiment Signal: Sell
Current Market Cap: $1.13B
For detailed information about ARRY stock, go to TipRanks’ Stock Analysis page.