What Array Technologies (ARRY)'s Expanded Credit Facility Means For Shareholders

• On February 18, 2026, Array Technologies, Inc. upsized its revolving credit facility from US$166,000,000 to US$370,000,000 and extended the maturity from October 14, 2028 to February 18, 2031, with Goldman Sachs Bank USA leading a broad banking syndicate and up to US$250,000,000 available for letters of credit.
• This larger, longer-dated facility strengthens Array’s liquidity and supports its shift toward focused solar operations after divesting non-core assets, giving the company more room to fund working capital and global growth projects.
• Next, we’ll examine how this expanded revolving credit capacity could influence Array Technologies’ investment narrative around execution, margins, and growth.

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Array Technologies Investment Narrative Recap

To own Array Technologies today, you need to believe in its focused solar tracker business after shedding non-core wireless assets, and in management’s ability to translate that focus into steadier execution and margins. The upsized US$370,000,000 revolving credit facility and extended 2031 maturity support near term working capital and project needs, but they do not remove key risks around policy shifts, tariffs, and potential order volatility in a still-competitive utility-scale solar market.

In that context, Array’s guidance for 2026 revenue of US$200,000,000 to US$215,000,000, following record net income driven by one-off divestiture gains, is an important reference point. It underlines how different the post-divestiture, solar-only company looks, and why extra liquidity can matter as Array works to rebuild earnings from a smaller but more focused base, while managing exposure to regulatory uncertainty and pressure on project timelines.

Yet even with more liquidity, investors should be aware that policy and tariff uncertainty could still leave Array exposed to sudden shifts in project demand and pricing power...

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

Array Technologies' narrative projects $1.5 billion revenue and $98.4 million earnings by 2028. This requires 8.6% yearly revenue growth and a $364.3 million earnings increase from $-265.9 million today.

Uncover how Array Technologies' forecasts yield a $10.97 fair value, in line with its current price.

Exploring Other Perspectives

While consensus stays cautious, the most optimistic analysts once projected revenue near US$1,700,000,000 and US$225,300,000 in earnings, which shows how differently you might view this new credit facility and policy risk if you believe that kind of growth story could still be on the table and potentially reshaped by fresh information.

Explore 2 other fair value estimates on Array Technologies - why the stock might be worth just $10.83!

The Verdict Is Yours

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Array Technologies research is our analysis highlighting 3 key rewards 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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