Shares of Array Technologies Inc. (ARRY) are soaring 17.24% in pre-market trading on Tuesday following the release of its impressive first-quarter 2025 financial results. The solar tracking systems manufacturer significantly outperformed analyst expectations, demonstrating strong growth and improved profitability.

Array Technologies reported adjusted earnings per share of $0.13, surpassing the estimated $0.09. The company's revenue for the quarter reached $302.4 million, considerably higher than the anticipated $264.4 million. Additionally, adjusted EBITDA came in at $40.6 million, exceeding the forecast of $33 million. The robust performance was further underscored by substantial Q1 orders totaling $2,000 million, indicating strong demand for the company's products.

Adding to investor optimism, Array Technologies provided an encouraging outlook for the full fiscal year. The company projected adjusted EBITDA in the range of $180-200 million and revenue between $1,050-1,150 million. This positive guidance, coupled with the strong Q1 results, has bolstered confidence in Array's growth trajectory and operational efficiency, driving the significant pre-market stock price increase.