Quick Summary for Investors:
- Array Technologies, Inc. reports a substantial 97% increase in Q1 2025 revenues.
- Analysts set an average price target of $7.95, reflecting a significant upside potential.
- GuruFocus estimates highlight a notable 124.91% potential price increase.
Array Technologies, Inc. (NASDAQ: ARRY) showcased impressive growth in the first quarter of 2025, achieving a remarkable 97% jump in revenue compared to the previous year, surging to $302 million. This growth was fueled by a 143% increase in sales volume. Notably, innovative products OmniTrack and SkyLink were key contributors, accounting for 15% of the total revenue. The company’s order book also expanded by 18% from the previous quarter, underscoring consistent demand. Furthermore, Array Technologies reported an adjusted EBITDA of $40.6 million, reflecting strong operational efficiency.
Wall Street Analysts Forecast
Analysis from 24 leading Wall Street analysts suggests an optimistic outlook for Array Technologies Inc (ARRY, Financial). The average one-year price target is pegged at $7.95, with projections ranging from a high of $13.00 to a low of $5.00. This average target represents a potential upside of 48.88% from the current stock price of $5.34. For further insights and detailed estimations, visit the Array Technologies Inc (ARRY) Forecast page.
According to consensus ratings from 27 brokerage firms, Array Technologies holds an average recommendation of 2.3, classifying it as "Outperform". These ratings use a scale of 1 to 5, with 1 indicative of a Strong Buy and 5 suggesting a Sell.
GuruFocus has projected the GF Value for Array Technologies Inc (ARRY, Financial) to reach $12.01 in one year, pointing to a potential upside of 124.91% from the current price of $5.34. This GF Value is derived from historical trading multiples, previous business growth, and future performance forecasts. Explore more in-depth data on the Array Technologies Inc (ARRY) Summary page.
