7 Most Undervalued Solar Stocks to Buy Now

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

Number of Hedge Fund Holdings: 36

Analysts at BofA have downgraded Array Technologies, Inc. (NASDAQ:ARRY) to “Underperform” from “Neutral” while reducing the price target to $7, down from $8. As India tariffs double from 25% to 50% and Mexico-gearsets face a new 25% duty, the firm is pessimistic about the company’s outlook and now views its fiscal 2025 margin target as “unrealistic.”

Looking at the bigger picture, Array Technologies, Inc. (NASDAQ:ARRY) has delivered a year-to-date return of 24.01%, nearly twice that of the market. There’s no doubt the company performed well during the first half of 2025, favoring a rebound following poor 2024 results. Ultimately, we can expect the company to not only capture a greater market share globally in the times ahead but also maintain its position in a sector undergoing consolidation.

Although there are risks, Array Technologies, Inc. (NASDAQ:ARRY) can unlock significant value in the solar sector if and only if the turnaround takes place smoothly in 2025 and the company sustains its growth momentum.

Array Technologies, Inc. (NASDAQ: ARRY) is a New Mexico-based provider of solar tracking technology products, operating in the United States, Brazil, Australia, and globally. Incorporated in 1987, the company has two main segments: Array Legacy Operations and STI Operations.