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Array Technologies rated Buy on strong orders, solar market growth, and solid valuation metrics.

Analyst Insights
18 May 2026
Seeking Alpha
View Source
Bullish
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Array Technologies, Inc. (ARRY) is rated a Buy due to its strong $2.4 billion order backlog, a book-to-bill ratio of 2x, and a free cash flow yield of 12.71%, indicating robust near-term growth and attractive valuation. The recent acquisition of APA Solar expands ARRY's product offerings, positioning the company to benefit from increasing solar demand driven by data centers and gains in the fixed-tilt solar market. Although ARRY is less diversified and capital efficient than some competitors, recent improvements in products and services enhance its competitive position. The stock has outperformed the S&P 500 significantly, reflecting investor confidence in its growth prospects.

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