In the latest trading session, Array Technologies, Inc. (ARRY) closed at $10.53, marking a -2.5% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, added 0.28%. Heading into today, shares of the company had gained 5.99% over the past month, lagging the Oils-Energy sector's gain of 6.65% and outpacing the S&P 500's gain of 0.6%.The upcoming earnings release of Array Technologies, Inc. will be of gr ...

Core Insights - Array Technologies (ARRY) has a strong presence in the solar market, solid liquidity, and promising growth prospects, making it a compelling investment option in the Oils and Energy sector [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for ARRY's 2026 earnings per share is 97 cents, indicating a year-over-year growth of 44.4% [2] - The consensus estimate for 2026 sales is $1.50 billion, reflecting a year-over-year increase of 18.4% [2] - ARRY's long-term earnings growth rate is projected at 18.9% over the next three to five years [2] - The company has delivered an average earnings surprise of 25.12% in the last four quarters [2][8] Liquidity - ARRY's current ratio at the end of the third quarter was 1.89, indicating the company's ability to meet its short-term liabilities without difficulties [3] Return on Invested Capital (ROIC) - ARRY's Return on Invested Capital stands at 18.86%, significantly above the industry average of 7.12%, demonstrating strong returns on investments and efficient capital use [4] Renewable Energy Expansion - Array Technologies is enhancing its position in the utility-scale solar market by advancing technology for next-generation solar projects, with its DuraTrack and OmniTrack systems verified for compatibility with 2000-volt module-wired systems [5] - In August 2025, ARRY completed the acquisition of APA Solar, expanding its product portfolio and enhancing its renewable energy infrastructure capabilities, positioning the company for steady long-term growth [6] Stock Price Performance - ARRY shares have gained 13% in the past three months, outperforming the industry's growth of 3.9% [7] Investment Appeal - ARRY stands out with a strong solar-market presence and solid liquidity, supporting its investment appeal [8] - The company's expansion through 2000-volt compatible systems and the APA Solar acquisition is expected to support long-term growth [8] Other Stocks to Consider - Other top-ranked stocks in the same industry include First Solar (FSLR), JinkoSolar (JKS), and Sunrun (RUN), with First Solar showing a long-term earnings growth rate of 35% and a 2026 sales estimate of $6.27 billion, indicating a year-over-year growth of 22.7% [9] - JinkoSolar's 2026 sales estimate is $11.02 billion, reflecting a year-over-year growth of 16.3% [10] - Sunrun has delivered an average earnings surprise of 501.89% in the last four quarters, with a 2026 sales estimate of $2.70 billion, indicating a year-over-year growth of 10.1% [10]

Core Viewpoint - Array Digital Infrastructure (AD) has experienced a significant stock price increase, reflecting positive market sentiment and potential growth opportunities in the wireless telecommunications sector [1]. Group 1: Stock Performance - Array Digital's shares rose by 6.6% to $57.19 in the last trading session, with a trading volume higher than average [1]. - Over the past four weeks, the stock has gained 6.8% [1]. Group 2: Business Strategy - Array Digital operates a portfolio of over 4,400 cellular network towers and aims to increase revenues by enhancing third-party colocations on these towers [2]. - The company plans to monetize its wireless spectrum licenses alongside its tower assets [2]. Group 3: Agreements and Revenue Streams - Array has signed a Master License Agreement (MLA) with T-Mobile, securing a minimum 15-year license for space on at least 2,015 towers, which will provide a steady income stream [3]. - T-Mobile will also extend the license term for approximately 600 towers for an additional 15 years starting August 1, 2025 [3]. Group 4: Earnings Expectations - Array Digital is projected to report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 540%, while revenues are expected to be $57.72 million, down 94.1% from the previous year [4]. - The consensus EPS estimate for Array has remained stable over the last 30 days, indicating a lack of upward revisions in earnings estimates [5]. Group 5: Industry Context - Array Digital holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the wireless national industry [6]. - Verizon Communications, a competitor in the same industry, has a Zacks Rank of 4 (Sell) and has seen a -4.3% return over the past month [6][7].

Core Thesis - Array Technologies, Inc. is experiencing a significant operational turnaround, transitioning from a loss-making entity in 2024 to a high-growth leader in utility-scale solar infrastructure by 2025, with its valuation not reflecting the underlying improvements in fundamentals [2][3] Financial Performance - The company reported a net loss of $296 million and flat revenue of $916 million at the end of 2024, but is projected to achieve revenue of approximately $1.28 billion in 2025, indicating a strong recovery with a 74% year-to-date increase in shipment volumes [2] - Array's forward P/E ratio stands at 11.5 and a PEG ratio of 0.58, with earnings expected to grow by around 33% next year, highlighting a disconnect between valuation and growth potential [3] Market Dynamics - The stock has a short interest of 26.6% of the float and institutional ownership exceeding 100%, suggesting a market skepticism rooted in past performance, despite current data showing 70% quarterly revenue growth and $1.9 billion in new orders [4] - Array's strategic focus on selling solar tracking hardware rather than panels allows it to benefit from lower panel prices, which can enhance demand by reducing overall project costs [5] Competitive Position - Array, alongside Nextracker, controls nearly half of the global solar tracker market and is supported by U.S. manufacturing incentives, positioning it favorably against low-cost competitors [6] - The company’s technology, which includes complex engineering and proprietary software optimized for harsh conditions, provides a competitive edge over Chinese competitors in gaining utility trust [5][6]

Company Performance - Array Technologies, Inc. (ARRY) experienced a decline of 6.7% to $9.33, underperforming the S&P 500's loss of 0.53% on the same day [1] - Over the past month, ARRY shares increased by 17.51%, outperforming the Oils-Energy sector's gain of 1.82% and the S&P 500's gain of 2.06% [1] Earnings Forecast - The upcoming earnings report for Array Technologies is expected to show an EPS of $0, reflecting a 100% decrease from the same quarter last year [2] - Revenue is forecasted at $210.84 million, indicating a 23.4% decline compared to the previous year [2] Full-Year Estimates - Zacks Consensus Estimates project earnings of $0.67 per share and revenue of $1.27 billion for the full year, representing year-over-year changes of +11.67% for earnings and 0% for revenue [3] - Changes in analyst estimates are crucial as they indicate the evolving business trends, with positive revisions suggesting analyst optimism [3][4] Zacks Rank and Valuation - Array Technologies holds a Zacks Rank of 1 (Strong Buy), with the Zacks Consensus EPS estimate increasing by 2.29% over the last 30 days [5] - The company is trading at a Forward P/E ratio of 10.34, which is a discount compared to the industry average of 21.38 [6] - The PEG ratio for ARRY is currently 0.55, compared to the Solar industry's average PEG ratio of 0.67 [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 24, placing it in the top 10% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Array Digital Infrastructure, Inc. has successfully closed a transaction with AT&T to sell a portion of its spectrum licenses for $1.018 billion, leading to the declaration of a special cash dividend of $10.25 per share [1][2][3]. Group 1: Transaction Details - The transaction aligns with Array's strategy to monetize spectrum not included in the previous sale to T-Mobile, which was finalized on August 1, 2025 [2]. - The special dividend is set to be paid on February 2, 2026, to shareholders recorded as of January 23, 2026 [2]. Group 2: Company Insights - Array Digital Infrastructure is a prominent owner and operator of shared wireless communications infrastructure in the U.S., with over 4,400 cell towers supporting the deployment of 5G and other wireless technologies [5]. - The company is approximately 82% owned by Telephone and Data Systems, Inc. (TDS) [5]. Group 3: Leadership Commentary - The President and CEO of Array expressed satisfaction with the value realized from the sale and emphasized the company's commitment to returning value to shareholders through the special dividend [3]. Group 4: Advisory and Legal Support - Citigroup Global Markets Inc. acted as the lead financial advisor for the transaction, with additional advisory support from Centerview Partners LLC, TD Securities (USA) LLC, and Wells Fargo [4]. - Legal and regulatory counsel was provided by Wilkinson Barker Knauer, LLP, Clifford Chance LLP, and Sidley Austin LLP [4].

Core Insights - ARRAY Technologies announced two strategic leadership promotions aimed at accelerating growth and enhancing product development globally [1][2] Leadership Promotions - Darin Green has been promoted to Global Chief Revenue Officer, responsible for revenue generation across all global markets, with a focus on improving sales processes and customer engagement [2][3] - Nick Strevel has been promoted to Chief Product Officer, overseeing Product Management, Technical Sales, and Applications Engineering, and has strengthened product management and marketing capabilities [3] Company Overview - ARRAY Technologies is a leading global provider of solar tracking technology and fixed tilt systems, serving utility-scale and distributed generation customers [4] - The company emphasizes high-quality solar trackers and solutions designed to maximize energy production and deliver value throughout the project lifecycle [4]

Company Performance - Array Technologies, Inc. closed at $9.03, down 6.71% from the previous trading session, underperforming the S&P 500 which gained 0.64% [1] - The company's shares increased by 22.22% over the past month, outperforming the Oils-Energy sector's gain of 1.8% and the S&P 500's gain of 0.55% [1] Earnings Report Expectations - Array Technologies, Inc. is projected to report earnings of $0 per share, indicating a year-over-year decline of 100% [2] - The consensus estimate anticipates revenue of $210.84 million, reflecting a 23.4% decrease from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $0.67 per share, with revenue expected to be $1.27 billion, showing changes of +11.67% and 0% respectively from the prior year [3] - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions reflecting analyst optimism [3] Valuation Metrics - Array Technologies, Inc. has a Forward P/E ratio of 10.01, which is a discount compared to the industry average Forward P/E of 16.47 [6] - The company has a PEG ratio of 0.53, lower than the average PEG ratio of 0.61 for the Solar industry [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 45, placing it in the top 19% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Array Technologies Inc. is experiencing a decline in stock price due to profit-taking after reaching a recent high, compounded by concerns over the impact of upcoming deadlines for clean energy tax credits [1][4]. Company Performance - Array Technologies' stock dropped by 5.62% to close at $9.40, marking a second consecutive day of decline as investors reacted to profit-taking after the stock retested the $10 level [1]. - The stock had previously reached a record high of $10.47 during the Christmas holiday rush, but has since fallen back to the $9 range [4]. - Year-to-date, the stock has increased by 55.63%, indicating strong performance prior to the recent downturn [4]. Industry Context - The company, which designs and manufactures solar tracking systems for large-scale solar power plants, is expected to be indirectly affected by the Trump administration's accelerated deadlines for solar tax credits [2]. - Under the new One Big Beautiful Bill Act, projects must begin construction by July 4, 2026, and be operational by December 31, 2027, to qualify for tax credits; failure to meet these deadlines will result in the loss of incentives [3].

Core Viewpoint - AST SpaceMobile has successfully launched BlueBird 6, marking a significant milestone in the development of the first space-based cellular broadband network accessible by standard smartphones, aimed at both commercial and government applications [1][3]. Group 1: Launch Details - The BlueBird 6 mission was launched on December 23 at 10:25 p.m. EST from the Satish Dhawan Space Centre in India [2]. - BlueBird 6 is now the largest commercial communications array in low Earth orbit, covering nearly 2,400 square feet, which is three times larger than the previous BlueBirds 1-5 [2]. Group 2: Company Vision and Future Plans - The launch of BlueBird 6 is seen as a breakthrough for the company, validating years of innovation and manufacturing in the U.S. and signaling the transition to scaled deployment [3]. - The company plans to launch 45–60 satellites by the end of 2026, with launches scheduled every one to two months [3]. Group 3: Manufacturing and Workforce - BlueBird 6 was assembled and tested at the company's facilities in Midland, Texas, which encompass nearly 500,000 square feet and employ over 1,800 staff [4]. - The company holds over 3,800 patents and patent-pending claims, supporting its technology platform [4]. Group 4: Partnerships and Market Reach - AST SpaceMobile has agreements with over 50 mobile network operators globally, representing nearly 3 billion subscribers combined [5]. - Strategic partnerships include major companies such as AT&T, Verizon, Vodafone, Rakuten, Google, American Tower, Bell, and stc Group [5]. Group 5: Company Mission - The company aims to eliminate connectivity gaps for the five billion mobile subscribers worldwide and provide broadband access to billions who remain unconnected [6].