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Array Technologies Inc. has seen its stock reach a 52-week high, touching $9.98, showcasing significant growth over the past year. With a market capitalization of $1.52 billion and projected revenue growth of 31% for FY2025, the company demonstrates strong momentum. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, suggesting investors should monitor technical signals carefully. This milestone reflects a notable 51.14% increase in its stock price over the last 12 months, underscoring the company’s robust performance in the renewable energy sector. The surge in stock value is indicative of investor confidence and the company’s strategic advancements in solar tracking solutions. With a healthy current ratio of 2.22 and 14 analysts revising earnings estimates upward, the company shows promising fundamentals. As the company continues to innovate and expand its market presence, the stock’s upward trajectory highlights its potential for future growth amidst a competitive industry landscape. Discover 12 additional exclusive insights about Array Technologies with an InvestingPro subscription.
In other recent news, Array Technologies reported its second-quarter earnings for 2025, surpassing market expectations. The company achieved an earnings per share of $0.25, exceeding the forecasted $0.19, and generated revenue of $362 million, which was higher than the anticipated $291.41 million. Additionally, Array Technologies has completed its acquisition of APA Solar, expanding its product portfolio to include APA’s tracker-compatible engineered foundation systems and fixed-tilt racking systems. This acquisition allows APA Solar to continue operating under its brand as a strategic business unit within Array Technologies.
In terms of analyst activity, Jefferies raised its price target for Array Technologies to $13.00 from $10.00, maintaining a Buy rating. The firm cited the completion of the APA transaction and the resolution of Treasury guidance-related uncertainty as reasons for the optimistic outlook. UBS also raised its price target for Array Technologies to $9.00 from $8.50, following the company’s strong second-quarter results. UBS’s revised estimates are based on Array’s 2025 financial guidance, which suggests improved gross margins in the latter half of the year. These developments highlight significant progress and positive sentiment surrounding Array Technologies.
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