Deutsche Bank initiated coverage on Array Tech with a new price target
$ARRY
Miscellaneous manufacturing industries
Consumer Discretionary
Deutsche Bank initiated coverage of Array Tech with a rating of Buy and set a new price target of $11.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2026 | $9.00 | Buy → Hold | Deutsche Bank |
| 2/25/2026 | $19.00 | Neutral → Outperform | BNP Paribas Exane |
| 1/28/2026 | $11.00 | Outperform → Neutral | Robert W. Baird |
| 1/9/2026 | $12.00 | Hold → Buy | TD Cowen |
| 11/10/2025 | $12.00 | Neutral → Buy | Seaport Research Partners |
| 11/6/2025 | $8.00 → $10.00 | Hold | TD Cowen |
| 10/2/2025 | $9.00 | Overweight → Equal Weight | Barclays |
| 9/30/2025 | $11.00 | Outperform | Robert W. Baird |
ALBUQUERQUE, N.M., July 20, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced that it will host an APA Investor Technology Showcase on Thursday, August 20, 2026, beginning at 9:00 a.m. ET. Held approximately one year after the close of ARRAY’s acquisition of APA Solar (APA), the event will feature presentations and a Q&A session with CEO Kevin Hostetler and members of ARRAY and APA’s leadership teams. Presentations will cover the Company's Balance of System strategy, an overview and deep dive on APA, ARRAY’
Adds a highly complementary, accretive balance-of-system product portfolio spanning solar wire management, cable protection solutions, and battery energy storage solutions (BESS)Creates new growth opportunities in fast-growing adjacencies including BESS and datacenter infrastructureTotal Consideration of approximately $203 million represents an attractive multiple of 8.8x AWM's trailing twelve-month EBITDAExpected to be high single digit accretive to ARRAY's Adjusted EPS in year one before synergiesClosing expected in the third quarter of 2026, subject to regulatory clearance and customary closing conditions ALBUQUERQUE, N.M., July 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NA
ALBUQUERQUE, N.M., July 13, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced that the Company will release its second quarter 2026 results after the market closes on Wednesday, August 5, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (888)-396-8049 (domestic) or (416)-764-8646 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at http://ir.
8-K - Array Technologies, Inc. (0001820721) (Filer)
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SD - Array Technologies, Inc. (0001820721) (Filer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
Deutsche Bank downgraded Array Tech from Buy to Hold and set a new price target of $9.00
BNP Paribas Exane upgraded Array Tech from Neutral to Outperform and set a new price target of $19.00
Robert W. Baird downgraded Array Tech from Outperform to Neutral and set a new price target of $11.00
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
ALBUQUERQUE, N.M., April 29, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced the appointment of Charlie Wickersham as Senior Vice President of Technology. In this role, Dr. Wickersham will be responsible for leading ARRAY's technology strategy and overseeing the development and implementation of next-generation solar solutions. He will drive innovation across the technology organization, manage ARRAY's technology roadmap, and ensure products continue to deliver differentiated value in a rapidly evolving m
ALBUQUERQUE, N.M., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects, today announced the successful completion of its acquisition of APA Solar ("APA"), a premier solar racking and structural solutions provider. This strategic acquisition strengthens ARRAY's position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry and our customers. "This is a pivotal moment for ARRAY," said Kevin G. Hostetler, chief executive officer at AR
ALBUQUERQUE, N.M., April 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading provider of tracker solutions and services for utility-scale solar energy projects, announced the appointment of Nick Strevel as senior vice president of product management and technical sales, effective today. In this dual leadership role, Strevel will be responsible for driving ARRAY's global product strategy and building a high-performing technical sales function that strengthens ARRAY's relationships with customers and partners worldwide. "Nick brings a rare blend of technical depth, commercial acumen, and international experience that will accelerate ARRAY's i
Adds a highly complementary, accretive balance-of-system product portfolio spanning solar wire management, cable protection solutions, and battery energy storage solutions (BESS)Creates new growth opportunities in fast-growing adjacencies including BESS and datacenter infrastructureTotal Consideration of approximately $203 million represents an attractive multiple of 8.8x AWM's trailing twelve-month EBITDAExpected to be high single digit accretive to ARRAY's Adjusted EPS in year one before synergiesClosing expected in the third quarter of 2026, subject to regulatory clearance and customary closing conditions ALBUQUERQUE, N.M., July 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NA
ALBUQUERQUE, N.M., July 13, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced that the Company will release its second quarter 2026 results after the market closes on Wednesday, August 5, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (888)-396-8049 (domestic) or (416)-764-8646 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at http://ir.
2026 First Quarter Business Highlights Record total executed contracts and awarded orders at March 31, 2026 of $2.4 billionAchieved 2x book-to-bill with ~50% increase in APA orderbook. Trailing twelve-month book-to-bill of 1.3x.Contracted projects in Turkey, Peru, and Colombia, highlighting our international diversificationIntroducing DuraTrack D2S, a new dual-row tracker solution for international markets with key features and capabilities of flagship DuraTrack® productReaffirming Full Year 2026 financial guidance 2026 First Quarter Financial Highlights (in millions, except per share)1Q 2026Revenue$223.4 Gross margin 28.2% Adjusted gross margin(1) 30.7% Net loss to common shareholders($13
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