The Bull Case for Array Technologies (ARRY) Could Change Following Strong Q3 Profit and Raised Outlook

• Array Technologies, Inc. has reported third quarter 2025 earnings, achieving sales of US$393.49 million and net income of US$33.5 million, reversing last year’s net loss and providing updated annual revenue guidance in the range of US$1.25 billion to US$1.28 billion.
• The company’s return to profitability, significantly higher sales, and fresh full-year outlook offer investors enhanced clarity into operational momentum and future expectations.
• We'll examine how this turnaround in quarterly profitability and raised revenue guidance could reshape Array Technologies' investment narrative.

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Array Technologies Investment Narrative Recap

To be a shareholder in Array Technologies, you need to believe in continued rapid adoption of utility-scale solar, resilient demand for tracking technology, and the company's ability to maintain profitability despite macroeconomic and regulatory headwinds. The Q3 return to profitability and raised revenue guidance offer encouraging signs but do not fully offset the biggest short-term risk: order book volatility tied to project descoping, cancellations, and exposure to steel prices, which can still impact near-to-medium term earnings predictability.

Among the recent developments, the company’s update of full-year 2025 revenue guidance to US$1.25 billion–US$1.28 billion is most relevant, as it reflects increased confidence in sustained demand and operational execution. Although this bolsters the main catalyst, volume growth driven by utility-scale solar projects and new product adoption, it does not eliminate the underlying risk of sudden shifts in project timing or competitive pressures that may still influence results.

Yet despite the improved figures, investors should keep an eye on the potential for sudden project descoping and cancellations that remain...

Read the full narrative on Array Technologies (it's free!)

Array Technologies' narrative projects $1.5 billion in revenue and $98.4 million in earnings by 2028. This requires an 8.6% annual revenue growth rate and a $364.3 million increase in earnings from the current level of -$265.9 million.

Uncover how Array Technologies' forecasts yield a $10.61 fair value, a 30% upside to its current price.

Exploring Other Perspectives

Four Simply Wall St Community fair value estimates for Array Technologies range from US$10.61 to US$13 per share, revealing varied expectations. While many expect rising revenue and profitability, uneven project bookings or cancellations can still impact forward momentum and earnings potential, consider exploring the full spectrum of views.

Explore 4 other fair value estimates on Array Technologies - why the stock might be worth as much as 59% more than the current price!

Build Your Own Array Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Array Technologies research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Array Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Array Technologies' overall financial health at a glance.

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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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