Goldman Sachs Solar and Green Energy Stocks: Top 10 Stock Picks

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

Goldman Sachs’ Stake Value: $18.68 million

On March 2, 2026, Morgan Stanley analyst David Arcaro reduced the price objective on Array Technologies, Inc. (NASDAQ:ARRY) from $9 to $7 while keeping an Equal Weight rating. The analyst revised the firm’s model and value in response to the most recent earnings announcement.

On February 25, 2026, Array Technologies, Inc. (NASDAQ:ARRY) reported fourth-quarter 2025 revenue of $226.0 million, with full-year revenue of $1.28 billion, representing 40% yearly growth. The corporation reported a net loss to common shareholders of $161.2 million in the fourth quarter and $112.0 million in 2025. Adjusted EBITDA totaled $11.2 million for the quarter and $187.6 million for the entire year. Gross margins were 8.6% in the quarter and 23.2% for the year. As of December 31, 2025, the company had an order book of $2.2 billion, with a book-to-bill ratio of two times. Management also presented its DuraTrack technology to worldwide markets, forecasting revenue of $1.4 billion to $1.5 billion in 2026, with adjusted EBITDA of $200 million to $230 million.

Array Technologies, Inc. (NASDAQ:ARRY) provides ground-mounting systems for solar energy projects. The firm distributes its products to engineering, procurement, and construction firms that build solar energy projects, as well as large solar developers, independent power producers, and utilities.