Array Technologies (ARRY) Surges 13.45% on Strong Earnings, Analyst Optimism

Array Technologies (ARRY) surged 13.45% in intraday trading, marking its third consecutive day of gains and a 17.73% rally over the past three days. The stock climbed to its highest level since October 2025, with a peak intraday increase of 14.33%, reflecting renewed investor confidence in the solar tracker manufacturer.

Analyst optimism has been a key catalyst, with multiple firms reaffirming "Buy" or "Overweight" ratings. Truist Securities, Goldman Sachs, and Bank of America highlighted ARRY’s competitive positioning in the U.S. energy transition and its ability to leverage domestic manufacturing incentives. Despite a lone "Underweight" note from Morgan Stanley, the broader consensus underscored the company’s potential to outperform sector trends.

Financial performance further bolstered the upward momentum. Q2 2023 results showed $507.7 million in revenue and a record 29.6% gross margin, demonstrating resilience amid supply chain challenges. Strategic partnerships, including a $35 million expansion with Steel Dynamics and a Texas-based steel mill collaboration, strengthened ARRY’s domestic supply chain and aligned with U.S. clean energy policies like the Inflation Reduction Act.

Leadership changes also played a role, notably the appointment of Aaron Gabelnick as Chief Strategy and Technology Officer. This move signaled a focus on innovation and product differentiation, while unusual options activity suggested institutional interest. The company’s emphasis on U.S. domestic sourcing—95% of its solar trackers are locally produced—cemented its appeal to investors prioritizing ESG criteria and policy-driven growth opportunities.

Broader solar sector tailwinds, including favorable ESG reporting and sector-specific momentum, contributed to ARRY’s outperformance. While short-term volatility persisted, the stock’s strong technical indicators, such as a relative strength rating of 87, highlighted its resilience against broader market benchmarks. Analysts continue to project significant upside, with price targets reflecting a 36% potential gain, reinforcing its status as a focal point in the renewable energy transition.