Overview
Solar tracking tech provider's FY 2025 revenue grew 40%, with a $2.2 bln orderbook
Company reported FY 2025 net loss, but adjusted EBITDA was positive
Outlook
Array Technologies expects 2026 revenue between $1.4 bln and $1.5 bln
Company anticipates 2026 adjusted EBITDA between $200 mln and $230 mln
Array Technologies forecasts 1Q 2026 revenue around $200 mln
Result Drivers
RECORD ORDERBOOK - Co achieved a record $2.2 bln orderbook, reflecting investments in commercial organization and product portfolio
GLOBAL EXPANSION - DuraTrack technology expanded to global markets to meet customer demand for wind-stow technology
Company press release: ID:nGNXbVsmPl
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Orders | $2.2 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
Wall Street's median 12-month price target for Array Technologies Inc is $11.00, about 2.5% above its February 24 closing price of $10.73
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)