Seaport Global Securities Upgrades Array Technologies (ARRY) to Buy

Seaport Global Securities analyst Tom Curran upgraded Array Technologies (NASDAQ: ARRY) from Neutral to Buy with a price target of $12.00.

The analyst comments: "Our thesis that the U.S. power supercycle's priorities—keeping up with load growth and staying neck-and-neck with China in the AI race—would become the dominant theme for utility-scale solar is proving out. The boom’s urgent goals have helped constrain the GOP's assault on the industry's policy support; underscored solar's speed-to-market, modularity, security, and operating cost strengths; and usurped the climate-oriented debate, which is now a tertiary or quaternary subplot. Within that context, we believe ARRY's management is succeeding with their turnaround plan and, thus, positioning the company to be one of the industry's 2026-27 winners. In the U.S., ARRY has recovered to a healthier position, where it is re-narrowing the sales performance gap versus NXT and benefiting from a flight-to-quality, partly due to the technology and policy (100% domcon) advantages of its offerings."

For an analyst ratings summary and ratings history on Array Technologies click here. For more ratings news on Array Technologies click here.

Shares of Array Technologies closed at $8.54 yesterday.

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