10 Best Solar Stocks to Buy Now

7. Array Technologies, Inc. (NASDAQ:ARRY)

Array Technologies, Inc. (NASDAQ:ARRY) is one of the best solar stocks to buy now. On February 26, Array Technologies, Inc. (NASDAQ:ARRY) reported fourth-quarter and full-year results with a record $2.2 billion order book and 35% annual volume growth, demonstrating the payoff from investments in product advancement and technical sales.

Full-year revenue was up 40% to $1.28 billion, while fourth-quarter revenue came in at $226 million. However, gross margin compressed to 23.2% from 32.5% in 2024. Full-year net loss shrank to $112 million compared to $296.1 million in 2024. The company also posted a net loss per diluted common share of $0.01 in the fourth quarter and net income per diluted share of $0.67 for the full year.

“In 2026, we are introducing our strategic imperatives, which focus on innovating our future, elevating our international business, and advancing our customer-first culture to deliver long-term value. In the year ahead, we plan to launch multiple new products—including an integrated tracker and foundation solution and new tracker offerings,” said Kevin Hostetler.

Following the fourth-quarter and full-year results, Jefferies lowered its price target for Array Technologies stock to $8.50 from $11 while maintaining a Buy rating. According to Jefferies, the price target cut reflects concerns that management is prioritizing backlog growth, potentially at the expense of margins. This strategic shift is part of the company’s effort to achieve higher EBITDA margins over time.

Array Technologies, Inc. (NASDAQ:ARRY) is the global authority in utility-scale solar tracking technology. The company designs and manufactures single-axis trackers to maximize energy production and boost solar project efficiency.