Array Technologies (ARRY) Price Target Cut by $2

Array Technologies, Inc. (NASDAQ:ARRY) was held by 35 hedge funds in the Insider Monkey database at the end of Q4 2025, putting it in our list of the 8 Best Wind Power and Solar Stocks to Buy Right Now.

Array Technologies, Inc. (NASDAQ:ARRY) 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.

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