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Array Technologies, Inc. (ARRY) Downgraded Amid Global Tariff Concerns
Yahoo Finance· 2025-09-16 13:56
Core Viewpoint - Array Technologies, Inc. (NASDAQ:ARRY) is considered one of the most undervalued solar stocks, despite recent downgrades and challenges posed by tariffs in India and Mexico [1][2]. Company Overview - Array Technologies, Inc. is a provider of solar tracking technology products, operating in the United States, Brazil, Australia, and globally. The company was incorporated in 1987 and has two main segments: Array Legacy Operations and STI Operations [3]. Financial Performance - Year-to-date, Array Technologies has delivered a return of 24.01%, which is nearly double that of the market, indicating strong performance in the first half of 2025 following poor results in 2024 [1]. Market Outlook - Analysts at BofA have downgraded Array Technologies from "Neutral" to "Underperform" and reduced the price target from $8 to $7, citing concerns over the company's fiscal 2025 margin target as "unrealistic" due to increased tariffs [1]. Growth Potential - Despite the risks, there is potential for Array Technologies to unlock significant value in the solar sector if the company can successfully execute a turnaround in 2025 and sustain its growth momentum [2].