Array Technologies stock price target raised to $15 from $9 at UBS

Investing.com - UBS raised its price target on Array Technologies (NASDAQ:ARRY) to $15.00 from $9.00 while maintaining a Buy rating following the company’s third-quarter 2025 results. The stock, currently trading at $9.17, has delivered impressive returns of 51.8% year-to-date and 54.1% over the past six months, according to InvestingPro data.

The investment firm cited Array Technologies’ strong positioning to benefit from significant demand for U.S. utility-scale solar, particularly to meet load growth demand from AI data centers and large technology companies. This optimism appears well-founded, as the company has achieved 35.8% revenue growth over the last twelve months.

UBS expects Array Technologies to continue expanding into tangential product lines as the company works to transform into a solar project platform provider.

The firm maintained its Buy rating based on the strong demand outlook for U.S. solar and continued growth in Array’s orderbook.

UBS acknowledged lingering concerns related to potential upcoming FEOC guidance and Section 232 tariffs on U.S. polysilicon and derivative product imports.

In other recent news, Array Technologies reported its financial results for the third quarter of 2025, surpassing market expectations with impressive revenue and earnings per share (EPS) figures. The company achieved an EPS of $0.30, exceeding the forecasted $0.19 by 57.89%. Revenue reached $393 million, significantly higher than the anticipated $305.93 million, marking a surprise of 28.62%. Additionally, Seaport Global Securities upgraded Array Technologies’ stock rating from Neutral to Buy, with a price target of $12.00. This upgrade reflects Seaport’s confidence in Array’s management and their successful execution of a turnaround plan. Meanwhile, BMO Capital raised its price target for Array Technologies to $9.00 from $8.50, maintaining a Market Perform rating. BMO cited improved orders and backlog, noting that the company secured approximately $500 million in net bookings during the quarter. This represents a book-to-bill ratio of about 1.25x, significantly exceeding market expectations.

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