Array Technologies, Inc. (ARRY) has shown considerable growth potential in the solar industry, now nearing $1 billion in annual sales. As of fiscal 2025, the company anticipates earnings to rise 11% to $0.67 per share, with projections for fiscal 2026 further increasing earnings by 44% to $0.97 per share. It trades at a low 9X forward earnings, significantly below the solar industry average of 18X.
Recently, Array promoted Darin Green to Global Chief Revenue Officer and Nick Strevel to Chief Product Officer, suggesting a focus on scaling revenue and innovation. Under Green’s leadership, the North American segment has already shown substantial improvement. Array’s return on invested capital (ROIC) stands at 19%, surpassing First Solar’s 13%, indicating effective capital utilization as the company continues to benefit from ongoing clean energy policies and incentives.
The company’s robust financial performance and strategic leadership changes have resulted in a strong buy rating from Zacks, positioning Array favorably within the rapidly expanding solar sector.
