Array Technologies Q2 revenue and profit fall, orderbook hits record
ARRY•Outlook
- Array Technologies sees full-year 2026 revenue between $1.4 bln and $1.5 bln
- Company raises full-year 2026 adjusted EBITDA forecast to $210 mln-$230 mln from $200 mln-$230 mln
- Array Technologies expects Q3 2026 revenue between $310 mln and $330 mln
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the renewable energy equipment & services peer group is "buy"
- Wall Street's median 12-month price target for Array Technologies Inc is $10.00, about 66.4% above its August 4 closing price of $6.01
- The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago
Quarterly results
- US solar tracker maker's Q2 revenue declined yr/yr
- Adjusted net income per share for Q2 fell from prior year
Record orderbook and product launches
- RECORD ORDERBOOK - Co said its $2.5 bln orderbook at June 30, 2026 reflected continued share gains and strong execution
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