
Array Technologies (ARRY) Stock Forecast & Price Target
Array Technologies (ARRY) Analyst Ratings
Bulls say
Array Technologies Inc. has demonstrated substantial growth potential, with its domestic order book increasing by approximately $300 million in 2024, reaching around $1.8 billion, which marks over a 20% year-over-year rise. The company's backlog, while steady at $2.0 billion, reflects a 10% increase from the previous year, suggesting resilient demand within the utility-scale solar market. Additionally, Array Technologies is positioned to benefit from expanding margins due to the rising demand for domestic content products and market share recapture, driving expectations for sustained topline growth.
Bears say
Array Technologies Inc., a manufacturer of solar energy project mounting systems, is facing a challenging financial environment characterized by a flat total backlog, declining gross bookings, and revenues, which raises concerns about future growth. With a conservative fiscal year 2025 guidance that underperformed expectations and customer hesitations influenced by policy uncertainties, the company may struggle to defend its market position amidst resource inflation and shortages. Additionally, potential project timeline delays and a projected contraction in customer demand could further deteriorate Array's profit margins and overall financial performance.
This aggregate rating is based on analysts' research of Array Technologies and is not a guaranteed prediction by Public.com or investment advice.
Array Technologies (ARRY) Analyst Forecast & Price Prediction
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