Array Technologies, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Jeff Osborne from TD Cowen maintained a Buy rating on the stock and has a $12.00 price target.
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Jeff Osborne has given his Buy rating due to a combination of factors that underscore Array Technologies’ underlying strength and earnings durability. He views the apparent 2026 margin step-down as a non-structural, accounting-driven effect from the one-time Section 45X tax credit catch-up in 2025, and when that is normalized, core margins appear stable versus peers that are facing more meaningful pressure.
Osborne also emphasizes the positive impact of Array’s commercial strategy shift toward developers and asset owners, which is boosting win rates and supporting market share gains. The growing contribution from Tier 1 customers and “low share of wallet” accounts, combined with the company’s strong application engineering value proposition, reinforces his conviction in continued growth and profitability, underpinning the Buy recommendation.
In another report released on March 19, Guggenheim also reiterated a Buy rating on the stock with a $13.00 price target.