Array Technologies (ARRY) Posts Record $2.4B Orderbook Despite Q1 GAAP Loss

Array Technologies Inc. (NASDAQ:ARRY) is one of the best solar energy stocks to buy right now. On May 6, Array Technologies reported Q1 2026 revenue of $223.4 million, exceeding previous expectations and achieving a record orderbook of $2.4 billion. While the company posted a GAAP net loss of $13.5 million, or $0.09 per share, it recorded an adjusted EBITDA of $28.8 million and an adjusted net income of $0.06 per diluted share.

The company is expanding its international footprint with new contracted projects in Turkey, Peru, and Colombia. To support this global growth, Array introduced the DuraTrack D2S, a next-gen dual-row tracker specifically designed for international markets that incorporates patented wind stow technology and SmarTrack software. Additionally, the company opened a new headquarters and innovation site to centralize its research and training efforts for integrated tracking and foundation solutions.

Array Technologies (ARRY) Posts Record $2.4B Orderbook Despite Q1 GAAP Loss

Management reaffirmed its full-year 2026 guidance, projecting revenue between $1.4 billion and $1.5 billion and adjusted EBITDA in the range of $200 million to $230 million. For Q2, the company expects revenue to increase to between $300 million and $320 million. Array Technologies Inc. (NASDAQ:ARRY) continues to focus on maintaining margin resilience through commercial excellence and strategic investments in its software and service business segments.

Array Technologies Inc. (NASDAQ:ARRY) is a global provider of solar tracking technology and fixed-tilt systems used in utility-scale and distributed solar power projects.

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