Susquehanna Raises Array Technologies (ARRY) PT to $7.50 Amid Q2 Earnings Preview

Array Technologies Inc. (NASDAQ:ARRY) is one of the stocks under $10 to buy now. On July 21, Susquehanna adjusted its price target for Array Technologies to $7.50 from $5.50, while maintaining a Neutral rating on the shares. The adjustment is part of the firm’s updated alternative energy estimates ahead of the upcoming Q2 2025 earnings reports.

In Q1 2025, Array Technologies announced revenues of $302.4 million, which represented a 97% year-over-year increase and a 10% sequential increase.

Susquehanna Raises Array Technologies (ARRY) PT to $7.50 Amid Q2 Earnings Preview

A construction crew working on a solar energy system, revealing the company’s drive for success.

Positive developments for Array Technologies include a 143% increase in volume growth over the prior year, making Q1 2025 the second-largest quarter for volume shipped since Q2 2023. The company has also strengthened its management team with the addition of several solar industry veterans, and its new product offerings, such as OmniTrack and SkyLink, are gaining strong traction, now accounting for 15% of Q1 revenue and 30% of new bookings.

Array Technologies Inc. (NASDAQ:ARRY) is a company that manufactures and sells solar tracking technology products in the US, Spain, Brazil, Australia, and internationally.

While we acknowledge the potential of ARRY to grow, 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.