Array Technologies (ARRY) Valuation Check After Turnaround And Analyst Upgrades

Array Technologies (ARRY) has been in focus after a sharp business recovery, marked by strong revenue growth, sizeable bookings and the APA acquisition. Together, these developments have shifted how many investors view the stock.

See our latest analysis for Array Technologies.

Those operational headlines have been reflected in the trading pattern, with a 14.68% 30 day share price return and a 9.83% 90 day gain, even though the year to date share price return is slightly negative and the 3 year and 5 year total shareholder returns remain deeply negative. Recent leadership promotions and analyst attention around Array’s turnaround, alongside a 34.41% 1 year total shareholder return, suggest momentum has picked up as investors reassess both growth prospects and risk around the current US$9.61 share price.

If you are watching solar and clean energy names like Array, it can be useful to put them beside more traditional industrials and auto names using auto manufacturers.

With ARRY trading at US$9.61, alongside a roughly 10% intrinsic discount score and around a 15% discount to analyst targets, the key question is simple: is this still mispriced, or is the recovery already fully reflected in the share price?

Most Popular Narrative: 12.4% Undervalued

Against the last close of US$9.61, the most followed narrative points to a fair value around US$10.97, framing the current discount as meaningful but not extreme.

Continued industry tailwinds from large-scale decarbonization initiatives, falling solar power costs, and heightened corporate ESG/net-zero commitments signal robust multi-year demand for utility-scale solar and tracking solutions, providing a favorable backdrop for long-term revenue, backlog growth, and sustained earnings momentum.

Read the complete narrative.

Curious how steady mid single digit revenue growth, a sharp profit swing, and a lower than industry P/E expectation all combine into that value gap? The full narrative lays out the earnings path, margin rebuild, and the future multiple needed to support that fair value. It also spells out how those cash flows are discounted back using a specific required return.

Result: Fair Value of $10.97 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this depends on policy stability and smoother execution, because shifting tariffs, regulatory changes and margin pressure could quickly challenge the current turnaround story.

Find out about the key risks to this Array Technologies narrative.

Build Your Own Array Technologies Narrative

If that fair value story does not quite fit your view, or you prefer to work from the raw numbers yourself, you can build a custom narrative in just a few minutes using Do it your way.

A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Array Technologies.

Looking for more investment ideas?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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