Array Technologies Soars 12.17% on Strong Q1 Earnings

Array Technologies' stock surged 12.17% in pre-market trading on May 6, 2025, driven by strong first-quarter earnings and reaffirmed guidance for the full year.

Array Technologies reported Q1 2025 revenue of $302.4 million, surpassing the FactSet estimate of $263.0 million. The company's adjusted EBITDA for the quarter was $40.6 million, indicating robust operational performance.

The company reaffirmed its full-year 2025 guidance, projecting earnings per share of $0.60 to $0.70 and revenue of $1.05 billion to $1.15 billion. This guidance aligns with analysts' expectations, who had forecasted earnings per share of $0.61 and revenue of $1.05 to $1.15 billion for the year.

Array Technologies' strong Q1 performance and reaffirmed guidance have bolstered investor confidence, contributing to the significant pre-market stock price increase. The company's ability to exceed revenue expectations and maintain strong operational metrics positions it well for continued growth in the coming quarters.