Not a good buy right now: price is approaching near-term resistance (~11.83) while momentum is positive but fading (MACD histogram contracting), creating a poor immediate entry for an impatient buyer.
Options positioning is bullish (low put/call ratios), but implied volatility is very high (IV ~94%, IV percentile 72), implying elevated event/uncertainty risk into the next earnings window.
Fundamentals show strong top-line growth but clear margin/earnings deterioration (2025/Q3), which matches analysts’ concerns about competitive pricing and lower-margin bookings.
Trend: Bullish structure with moving averages stacked positively (SMA_5 > SMA_20 > SMA_200), suggesting an uptrend remains intact.
Momentum: MACD histogram above 0 but positively contracting → upside momentum is weakening short-term.
RSI (6): 61.89 (neutral-to-mildly bullish), not an oversold “easy buy” level.
Key levels: Pivot support ~10.88; stronger support zone ~9.93 / 9.34. Resistance: R1 ~11.83 then R2 ~12.42.
Tactically: With price ~11.42 pre-market, risk/reward is less attractive until either (a) a clean breakout above ~11.83 with strength, or (b) a pullback closer to ~10.88 support.
Activity: Today’s options volume is light vs 30-day average (~44.6%), so bullish skew is not accompanied by unusually strong participation.
Volatility: Very high IV (30D IV ~94.3%; IV percentile 72) → market is pricing large moves; options are expensive, often seen around uncertainty.
Positioning snapshot: Calls OI 74,468 vs Puts OI 33,866 → call-heavy open interest supports bullish sentiment, but does not negate near-term technical resistance.
Technical Summary
Sell
3
Buy
11
Positive Catalysts
Technical uptrend remains intact (bullish moving-average stack), so a breakout above ~11.83 could trigger momentum follow-through.
Industry demand tailwind cited by bulls: utility-scale solar demand tied to load growth (e.g., data centers/AI-driven electricity needs).
Potential policy/event catalyst referenced by TD Cowen: July 4 safe-harbor deadline viewed as a “clear catalyst” (per analyst note).
Upcoming earnings: QDEC 2025 earnings on 2026-02-26 after hours could reset expectations if margins/guide improve.
Neutral/Negative Catalysts
while MACD momentum is fading (contracting), increasing odds of a stall/pullback.
Financial Performance
Latest reported quarter: 2025/Q3.
Revenue: 393.5M, up +70.04% YoY (strong growth).
Profitability: Net income 18.36M, down -111.81% YoY; EPS 0.12, down -111.76% YoY → earnings power deteriorated despite revenue growth.
Margins: Gross margin 25.08%, down -16.40% YoY → confirms margin compression, aligning with competitive/tariff-related concerns raised by analysts.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend (last ~2 months): ratings turned more mixed—some upgrades to Buy with higher targets, but also a notable downgrade and an Underperform maintained.
Latest changes:
2026-01-28 Baird: downgraded to Neutral from Outperform; PT $11 (valuation + concerns about lower-margin bookings/competition).
2026-01-22 BofA: Underperform; PT raised to $9 (still cautious).
2026-01-09 TD Cowen: upgraded to Buy; PT raised to $12 (improving execution, valuation gap, catalyst).
Pros: turnaround/execution improving (bull case), strong demand backdrop, potential policy/timing catalysts, upside targets as high as ~$15.
Cons: valuation after run-up, margin compression risk from competition/tariffs, and some firms still at Neutral/Underperform with PTs below current (~$8–$11).
Practical read: Street is split; with ARRY already near/above several mid-tier targets and sitting under resistance, the setup does not favor an immediate “buy now” for an impatient entry.
People Also Watch
Wall Street analysts forecast ARRY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARRY is 10.82 USD with a low forecast of 8 USD and a high forecast of 15 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast ARRY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARRY is 10.82 USD with a low forecast of 8 USD and a high forecast of 15 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
7 Hold
1 Sell
Moderate Buy
Current: 11.130
Low
8
Averages
10.82
High
15
Current: 11.130
Low
8
Averages
10.82
High
15
Baird
Outperform -> Neutral
downgrade
$11
AI Analysis
2026-01-28
Reason
Baird
Price Target
$11
AI Analysis
2026-01-28
downgrade
Outperform -> Neutral
Reason
Baird downgraded Array Technologies to Neutral from Outperform with an unchanged price target of $11. The firm cites valuation for the downgrade with the shares up 40% since the beginning of Q4. It wants to see additional data points of share performance before becoming more constructive. Array's bookings may come at lower margins as competition intensifies, the analyst tells investors in a research note.
BofA
Dimple Gosai
Underperform
maintain
$8 -> $9
2026-01-22
Reason
BofA
Dimple Gosai
Price Target
$8 -> $9
2026-01-22
maintain
Underperform
Reason
BofA analyst Dimple Gosai raised the firm's price target on Array Technologies to $9 from $8 and keeps an Underperform rating on the shares as part of the firm's Q4 preview for its U.S. cleantech coverage.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for ARRY
