Why Array Technologies (ARRY) Is Up 18.8% After Q3 Beat And APA Solar Acquisition - And What's Next

• Earlier this month, Array Technologies reported third-quarter 2025 earnings and revenue ahead of market expectations and confirmed the acquisition of APA Solar, aimed at enhancing access to tax credits and operational efficiencies.
• This combination of outperformance and an expansion into engineered foundation and fixed-tilt solutions could meaningfully reshape how investors assess Array’s long-term margin and growth potential.
• We’ll now examine how Array’s stronger-than-expected quarter and APA Solar acquisition may influence its existing investment narrative and outlook.

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Array Technologies Investment Narrative Recap

To own Array Technologies, you need to believe utility scale solar will keep adopting trackers and that Array can convert product innovation into steadier, higher margin growth. The latest earnings beat and APA Solar deal reinforce the near term catalyst of stronger profitability, while the biggest risk remains policy and tariff volatility that can still disrupt project timing and order visibility despite recent momentum.

The APA Solar acquisition looks most relevant here, because it extends Array into engineered foundations and fixed tilt systems that widen its addressable market and deepen its role in large projects. As this integration unfolds, investors will be watching whether expanded solutions and better access to tax credits can offset pressures from legacy low margin contracts and ongoing tariff related cost swings.

Yet despite the strong quarter and rising share price, investors should still be aware of how fast changing tariffs and regulations could...

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.

Uncover how Array Technologies' forecasts yield a $10.93 fair value, a 9% upside to its current price.

Exploring Other Perspectives

Four Simply Wall St Community fair value estimates cluster between US$10.93 and US$13.00, highlighting how differently individual investors assess Array’s upside. Set against this, ongoing tariff and policy uncertainty could materially influence how those expectations translate into future company performance, so it is worth comparing several viewpoints before deciding where you stand.

Explore 4 other fair value estimates on Array Technologies - why the stock might be worth just $10.93!

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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