Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - UBS raised its price target on Array Technologies (NASDAQ:ARRY) to $9.00 from $8.50 while maintaining a Buy rating following the company’s second-quarter 2025 results. According to InvestingPro data, analyst targets for ARRY range from $6.00 to $13.00, with the stock currently trading at $5.50, suggesting potential upside. The company appears undervalued based on InvestingPro’s Fair Value analysis.
The price target increase reflects UBS’s revised estimates based on Array’s 2025 financial guidance, which indicates stronger gross margins in the second half of 2025 compared to the first half.
Array Technologies has commented on visibility into similar first-half 2026 gross margins compared to second-half 2025, suggesting continued margin stability.
UBS revised its 2025/2026/2027 adjusted EBITDA estimates to $200 million, $244 million, and $268 million, up from previous estimates of $188 million, $240 million, and $262 million, reflecting a stronger margin profile and slight revenue uplift from higher annual tracker sales.
The firm maintained its Buy rating on Array Technologies, citing the strong pace of utility-scale solar project development broadly and the company’s ability to mitigate significant tariff-related margin headwinds.
In other recent news, Array Technologies reported its second-quarter earnings for 2025, surpassing market expectations. The company achieved an earnings per share (EPS) of $0.25, which was higher than the forecasted $0.19, representing a 31.58% increase. Revenue also exceeded projections, reaching $362 million, compared to the anticipated $291.41 million, marking a 24.29% rise. These results reflect positive investor sentiment and indicate strong performance. While the company’s stock saw an increase in premarket trading, the focus remains on the impressive earnings and revenue figures. There were no reports of mergers or acquisitions during this period. Analyst evaluations have not been highlighted in the recent updates. Overall, these developments underscore Array Technologies’ ability to outperform market expectations.
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