Array Technologies, Inc. (ARRY) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Array Technologies (ARRY) by buying shares or fractional shares at any major US broker, through a clean-energy or solar ETF that holds it, or as one position in a thematic basket. Array is a leading maker of ground-mounted, single-axis solar trackers, the steel-and-software systems that tilt utility-scale solar panels to follow the sun and lift a project's energy output. The core thesis is a bet on the buildout of large solar farms: Array sells hardware into that pipeline, so its fortunes rise and fall with utility-scale solar demand, project financing costs, and US policy on tax credits, domestic-content rules, and tariffs. The single most important thing to grasp is that this is a project-cycle capital-equipment stock, not a steady subscription business.
ARRY stock price
As of 2026-07-14, Array Technologies, Inc. (ARRY) last closed at $6.24, down 15.8% over the past year. Over the past 52 weeks it has traded between $5.48 and $11.96.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Array Technologies, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Array Technologies, Inc. (ARRY) do?
Array Technologies designs and manufactures solar trackers, the mechanical systems that rotate rows of photovoltaic panels through the day so utility-scale projects capture more sunlight than fixed-tilt installations. Its flagship DuraTrack and OmniTrack lines, plus the STI International business, sell into large ground-mount solar farms across the Americas, Europe, and increasingly emerging markets. Array makes money on hardware volume tied to how many gigawatts of solar get built, so revenue is lumpy and project-driven rather than recurring. The company crossed 100 gigawatts of cumulative tracker deliveries, underscoring its scale, and has leaned into US-made, domestic-content trackers to help developers qualify for bonus tax credits.
In early 2026 the story was a mix of near-term softness and building backlog. Q1 2026 revenue was about $223 million with a small GAAP net loss but positive adjusted EBITDA, and adjusted gross margin expanded sharply as the company improved its cost structure. Management reaffirmed full-year 2026 guidance of roughly $1.4 to $1.5 billion in revenue and $200 to $230 million in adjusted EBITDA, pointing to a record orderbook of about $2.4 billion and new international projects in Turkey, Peru, and Colombia. The debate for investors is whether that backlog converts into steady, profitable revenue against a backdrop of higher interest rates, shifting US tax-credit policy, tariffs on imported components, and intense competition from market leader Nextracker.
What's driving Array Technologies, Inc. (ARRY)?
1. Record orderbook and margin recovery
Array reported a record orderbook of roughly $2.4 billion and reaffirmed full-year 2026 guidance, a sign that demand for utility-scale trackers remains healthy even as quarterly revenue stays lumpy. Adjusted gross margin expanded meaningfully as the company cut costs and improved execution. If backlog converts on schedule, the combination of higher volumes and better margins is the clearest path to sustained profitability.
2. US policy, domestic content, and tax credits
Array has emphasized US-made trackers with high domestic content, which can help solar developers qualify for bonus investment and production tax credits under current clean-energy law. That positioning is a competitive advantage as long as those incentives stand. It also makes the stock unusually sensitive to any change in federal energy policy, tax-credit rules, or the timeline for phasing incentives up or down.
3. International expansion and new products
Array is pushing beyond its North American base with contracted projects in markets like Turkey, Peru, and Colombia, and launched the DuraTrack D2S, a dual-row tracker aimed at international sites with wind-stow protection and SmarTrack software. Broadening geographically diversifies away from any single country's policy cycle, though it also exposes the company to new logistics, currency, and local-competition risks.
4. Interest rates and project financing
Utility-scale solar is capital-intensive, so the pace of new projects is tightly linked to borrowing costs. Lower rates make solar farms cheaper to finance and can accelerate Array's orders, while higher-for-longer rates can delay or shrink projects. Because Array sells into that financing-dependent pipeline, macro rate moves influence its demand as much as anything the company itself controls.
What are the risks to Array Technologies, Inc. (ARRY)?
The central risk is that Array depends on the utility-scale solar buildout, which is sensitive to interest rates, developer financing, and US clean-energy policy. Any rollback, phase-down, or uncertainty around investment and production tax credits or domestic-content rules could slow orders quickly. Competition is intense: Nextracker leads the global and US tracker market, and rivals like Gamechange Solar, Trina, and Arctech pressure both share and pricing, risking a commodity-style race to the bottom on steel-heavy hardware. Tariffs and volatile steel and component costs can squeeze margins, and revenue is lumpy and project-timed, so a single quarter can look weak even with a strong backlog. Execution on converting the orderbook and stabilizing profitability is the swing factor.
How is Array Technologies, Inc. (ARRY) valued? (approximate, Jul 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Array Technologies, Inc.'s investor relations page or your broker.
- Revenue (Q1 2026): ~$223 million; full-year 2026 guidance of roughly $1.4 to $1.5 billion
- Adjusted EBITDA (2026 guidance): ~$200 to $230 million for the full year
- Q1 2026 profitability: Small GAAP net loss (about $0.09 per share); adjusted net income roughly break-even to slightly positive
- Adjusted gross margin: ~30%+ in Q1 2026, up sharply on cost improvements
- Orderbook: Record of ~$2.4 billion, a forward-demand indicator
- Market cap: Small-cap; roughly a low-single-digit-billion-dollar range, but verify live
Figures are approximate and tied to the asOf date; verify live numbers before acting. Array's revenue is lumpy and project-driven, so a single quarter is a poor guide to the full year, and the orderbook matters more than any one period's sales. As a company moving between GAAP losses and adjusted profitability, valuation multiples on trailing earnings can be misleading. Treat guidance and backlog as directional, and check the latest filings for current revenue, margins, and cash position.
Who competes with Array Technologies, Inc. (ARRY)?
Solar tracker market leader
Nextracker (NXT) is the dominant single-axis tracker maker, leading both the global market and the US market by share, and has differentiated with proprietary TrueCapture software and a strong balance sheet. It is Array's most direct and formidable competitor, setting the pace on technology, pricing, and international reach.
Global and emerging tracker rivals
Gamechange Solar, Trina (Trina Tracker), Arctech, Soltec, and PV Hardware compete across the US and international markets. Gamechange has gained US share, and China-based Arctech is a major force in the rest of the world, so Array faces pressure on both price and volume from several well-capitalized players.
Broader solar equipment and clean-energy peers
Investors weighing Array often compare it to other utility-scale solar suppliers and clean-energy names such as First Solar, Shoals Technologies, and module or inverter makers. These are not direct tracker rivals but represent alternative ways to invest in the same solar-buildout theme with different risk profiles.
How to invest in Array Technologies, Inc. (ARRY)
There are three common ways to get ARRY exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ARRY sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where ARRY fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Array Technologies, Inc. (ARRY)
Array is a pure-play bet on utility-scale solar trackers, with a record orderbook and expanding margins, but its results hinge on interest rates, US clean-energy policy, and a fierce battle for share against Nextracker. It rewards a strong solar buildout and punishes a stalled one.
Build a basket around ARRY with Walnut
Use Array Technologies, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is ARRY a good stock to buy right now?
+
That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is a record orderbook, expanding margins, US domestic-content positioning, and international growth in a long-term solar buildout. The bear case is lumpy project-driven revenue, sensitivity to interest rates and US clean-energy policy, and intense competition from market leader Nextracker. Weigh both against how much cyclicality and policy risk fit your portfolio.
What does Array Technologies actually do?
+
Array makes solar trackers, the steel-and-motor systems that tilt rows of solar panels to follow the sun across the sky. Trackers boost the energy output of large ground-mounted solar farms compared with fixed-tilt panels. Array sells this hardware, plus tracking software, into utility-scale solar projects, so it is a capital-equipment supplier to the solar industry rather than a power producer or panel maker.
Why is Array's revenue so lumpy?
+
Array sells hardware into large solar-farm projects, and those projects get built on their own timelines depending on permitting, financing, and developer schedules. Revenue is recognized as trackers ship, so a slow quarter or a delayed project can dent near-term sales even when demand is strong. That is why the orderbook and full-year guidance often tell a clearer story than any single quarter.
How does US clean-energy policy affect Array?
+
Utility-scale solar economics depend heavily on federal tax credits, and Array has positioned around US-made, high-domestic-content trackers that help developers qualify for bonus incentives. That is an advantage while those credits stand, but it also makes the stock sensitive to any change in tax-credit rules, domestic-content requirements, or the timeline for phasing incentives up or down. Policy shifts can move orders quickly.
Who are Array's main competitors?
+
The clearest rival is Nextracker, the market leader in both the US and globally, known for its tracking software and strong balance sheet. Array also competes with Gamechange Solar, Trina Tracker, Arctech, Soltec, and PV Hardware across various markets. Because trackers are steel-heavy hardware, competition can pressure pricing, so differentiation on software, reliability, and domestic content matters.
How do interest rates influence ARRY?
+
Solar farms are capital-intensive and usually financed with debt, so borrowing costs shape how many projects get built and when. Lower rates make solar cheaper to finance and can accelerate Array's orders, while higher-for-longer rates can delay or shrink projects. Since Array sells into that financing-dependent pipeline, its demand is tied to macro rate conditions as much as to its own execution.
Does Array Technologies pay a dividend?
+
Array has generally reinvested in the business rather than paying a meaningful dividend, and as a growth-oriented, cyclical equipment maker its priority has been scaling and improving profitability. Income is not the main reason most investors hold it. Always check the latest filings and a current quote for any declared dividend or share-repurchase activity before assuming a payout.
How can I get exposure to Array through an ETF?
+
ARRY appears in various clean-energy, solar, and renewable-infrastructure ETFs, where it sits among panel, inverter, and equipment names. ETF exposure spreads single-stock risk across many holdings but dilutes how much any Array move affects you. Always check a fund's holdings and weighting before assuming meaningful exposure to Array specifically.
What are the biggest risks of investing in ARRY?
+
The main risks are sensitivity to interest rates and US clean-energy policy, lumpy project-driven revenue, and intense competition led by Nextracker that can pressure pricing on commodity-like hardware. Tariffs and volatile steel and component costs can squeeze margins, and international expansion adds new logistics and currency risks. Execution on converting the record orderbook into steady, profitable revenue is the key thing to watch.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Array Technologies, Inc.'s investor relations page or your broker before making investment decisions.