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Array Technologies Inc (NASDAQ:ARRY). reached a significant milestone as its stock hit a 52-week high of $8.87, marking an impressive 49.82% gain in just the past week. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with 12 analysts recently revising their earnings expectations upward. This achievement reflects a positive trend for the company, which has seen a 25.86% increase in its stock price over the past year. The renewable energy sector has experienced growing investor interest, likely contributing to this upward movement. Array Technologies, known for its solar tracking solutions, continues to capitalize on the global shift towards sustainable energy sources, bolstering its market position and investor confidence. The company maintains healthy liquidity with a current ratio of 2.22, though InvestingPro data indicates the stock’s RSI suggests overbought territory. For deeper insights into Array Technologies’ financial health and growth prospects, explore the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Array Technologies has reported impressive second-quarter earnings for 2025, surpassing market expectations. The company achieved an earnings per share (EPS) of $0.25, significantly exceeding the forecasted $0.19, and reported revenue of $362 million, which was well above the anticipated $291.41 million. This performance marks a notable increase in both earnings and revenue, drawing positive attention from investors. Additionally, Array Technologies completed its acquisition of APA Solar, a move that expands its product portfolio to include engineered foundation systems and fixed-tilt racking systems. The acquisition allows APA Solar to continue operating under its brand as a strategic business unit within Array Technologies. In light of these developments, Jefferies has raised its price target for Array Technologies to $13, maintaining a Buy rating due to the completion of the APA transaction and resolved Treasury guidance-related uncertainties. Similarly, UBS has increased its price target to $9, citing improved margins based on the company’s 2025 financial guidance. These developments highlight a period of growth and strategic expansion for Array Technologies.
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