Array Technologies Soars 10.4% on Momentum Surge: Can This Solar Star Sustain the Run?

Summary
• Array Technologies (ARRY) rockets 10.4% intraday to $8.415, nearing its 52-week high of $8.87.
• Zacks Momentum Score 'B' and 7.3% four-week price surge fuel bullish sentiment.
• Analysts at UBS, Jefferies, and JPMorgan raise price targets, with an average 12-month target of $9.36.
• High-beta profile (1.74) and low P/S ratio of 0.99 position ARRY as a momentum bargain.

Array Technologies has ignited a sharp intraday rally, driven by a confluence of momentum metrics, analyst upgrades, and sector tailwinds. With a 10.4% surge to $8.415, the stock is testing its 52-week high amid a broader solar sector rebound. The Zacks Momentum Score 'B' and a favorable P/S ratio suggest a compelling mix of price strength and valuation appeal.

Momentum Metrics and Analyst Upgrades Fuel Surge
ARRY’s explosive 10.4% move stems from a perfect storm of momentum indicators and analyst optimism. The Zacks Momentum Score 'B' highlights its 7.3% four-week price surge and 10.8% 12-week gain, signaling strong near-term conviction. Analysts have raised price targets across the board, with UBS lifting its target to $9.00 and JPMorgan to $13.00. The stock’s beta of 1.74 amplifies its sensitivity to market moves, while a P/S ratio of 0.99 suggests undervaluation relative to revenue. This combination of technical strength and fundamental upgrades has triggered a self-reinforcing rally as momentum investors and analysts align on its potential.

Solar Sector Rally Gains Steam as First Solar (FSLR) Soars 9.4%
The solar sector is experiencing a synchronized rebound, with First Solar (FSLR) surging 9.43% on the same day. This aligns with broader industry tailwinds, including U.S. tax credit adjustments and geopolitical developments in solar supply chains. Array Technologies’ focus on single-axis trackers positions it to benefit from FSLR’s solar panel production growth and the sector’s overall expansion. While FSLR’s rally is driven by near-term project wins, ARRY’s momentum is fueled by its low valuation and analyst-driven optimism, creating a dual-layered sector narrative.

Options and ETF Playbook: Leveraging ARRY’s Momentum with Precision
• Technical Indicators: 200-day MA at $6.338 (below), RSI at 57.25 (neutral), MACD histogram at 0.0989 (bullish crossover).
• Key Levels: Immediate resistance at $8.50 (intraday high), support at $7.86 (intraday low).
• Options Focus: Two contracts stand out for their high leverage and liquidity:
- ARRY20250919C8: Call option with 8.44% leverage, 0.607 delta, 84.65% IV, and $85,040 turnover. This contract offers a 46.27% price gain potential if ARRY closes above $8.50 by Sept. 19.
- ARRY20250919C9: Call option with 13.78% leverage, 0.431 delta, 87.99% IV, and $140,173 turnover. A 44.44% payoff is possible if the stock hits $9.00.
- Payoff Calculation: At a 5% upside (to $8.70), ARRY20250919C8 yields $0.70 per contract (max gain of $700 for 100 shares), while ARRY20250919C9 yields $0.70 (same gain).
- Why These Contracts: Both options balance leverage and liquidity, with IV in the mid-80s and gamma above 0.17, ensuring responsiveness to price swings. The Sept. 19 expiration aligns with the stock’s near-term momentum trajectory. Aggressive bulls should target ARRY20250919C9 for higher leverage, while conservative players may prefer the closer-to-money ARRY20250919C8.

Aggressive bulls may consider ARRY20250919C9 into a bounce above $8.50, while conservative players may prefer ARRY20250919C8 for a safer entry.

Backtest Array Technologies Stock Performance
The backtest of ARRY's performance after a 10% intraday surge shows mixed results. While the ETF experienced a positive surge, the overall short-term and long-term returns were negative, with the 3-day win rate at 43.74%, the 10-day win rate at 43.92%, and the 30-day win rate at 45.55%. The maximum return during the backtest period was -0.04%, indicating that the ETF declined even after the initial surge.

ARRY’s 52-Week High is Within Reach: Act Now or Miss the Solar Surge
ARRY’s momentum-driven rally shows no signs of abating, with technicals and fundamentals in sync. The stock’s 10.4% surge and 52-week high proximity suggest a potential breakout, especially if it clears $8.50. Analysts’ upgraded price targets and the sector’s broader tailwinds further reinforce this thesis. Investors should monitor the $8.50 level as a critical inflection point—break above it, and the $9.00–$9.36 price target range becomes a realistic target. Meanwhile, First Solar’s 9.43% surge underscores the sector’s strength. For those seeking leverage, the ARRY20250919C9 option offers a high-conviction play, but caution is warranted if the stock falters below $7.86. The solar sector’s momentum is a force to be reckoned with—ARRY is at the forefront.