Shares of Array Technologies Inc. (ARRY) soared 11.13% in Thursday's trading session following the release of its impressive second-quarter 2025 financial results and a series of strategic announcements. The solar tracking systems manufacturer significantly outperformed analyst expectations and raised its full-year guidance, sparking investor enthusiasm.

Array Technologies reported Q2 revenue of $362.2 million, substantially beating the estimate of $290.4 million. The company's adjusted earnings per share came in at $0.25, surpassing the expected $0.20. Adjusted EBITDA reached $63.6 million, well above the estimate of $53 million. The strong performance was underpinned by a robust gross margin of 26.8% and a net income of $28.5 million.

In addition to the stellar quarterly results, Array Technologies announced several strategic moves that further bolstered investor confidence. The company signed a definitive agreement to acquire APA Solar, which is expected to enhance its product offerings and growth potential. Array also successfully issued $345 million of new convertible notes, repaid its higher-cost term loan in full, and repurchased $100 million of 2028 convertible notes at a significant discount, improving its debt maturity profile. Furthermore, the company raised its full-year 2025 revenue guidance to a range of $1.180 billion to $1.215 billion, with adjusted EBITDA projected between $185 million and $200 million.