8 Best Wind Power and Solar Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 35

Next on our list of the Best Clean Energy Stocks is Array Technologies, Inc. (NASDAQ:ARRY). It is a leading American company and a global provider of utility-scale solar tracker technology.

On April 16, JPMorgan trimmed its price target on Array Technologies, Inc. (NASDAQ:ARRY) from $11 to $9, but kept its ‘Overweight’ rating on the shares. The lowered target, which still indicates an upside of over 17% from the current share price, comes as the analyst firm adjusted its targets in the clean energy and power infrastructure group as part of a Q1 preview.

JPMorgan expects a “catalyst-rich environment” in the sector, with data center deal announcements and rising order volumes likely to continue supporting investor sentiment. The analyst firm favors stocks with a significant exposure to US-based manufacturing, diversified end markets, and robust balance sheets.

Array Technologies, Inc. (NASDAQ:ARRY) is targeting its FY 2026 revenue to be in the range of $1.4 billion to $1.5 billion, with adjusted gross margin between 26% and 27%. Adjusted EBITDA for the year is expected to be between $200 million and $230 million, with adjusted diluted EPS in the range of $0.65 and $0.75.

While we acknowledge the potential of ARRY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARRY and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Wind Power and Solar Stocks to Buy Right Now.

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