Seaport Global Securities Upgrades Array Technologies (ARRY) to Buy

Seaport Global Securities analyst Tom Curran upgraded Array Technologies (NASDAQ: ARRY) from Neutral to Buy with a price target of $12.00.

The analyst comments: "Our thesis that the U.S. power supercycle's priorities—keeping up with load growth and staying neck-and-neck with China in the AI race—would become the dominant theme for utility-scale solar is proving out. The boom’s urgent goals have helped constrain the GOP's assault on the industry's policy support; underscored solar's speed-to-market, modularity, security, and operating cost strengths; and usurped the climate-oriented debate, which is now a tertiary or quaternary subplot. Within that context, we believe ARRY's management is succeeding with their turnaround plan and, thus, positioning the company to be one of the industry's 2026-27 winners. In the U.S., ARRY has recovered to a healthier position, where it is re-narrowing the sales performance gap versus NXT and benefiting from a flight-to-quality, partly due to the technology and policy (100% domcon) advantages of its offerings."

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Shares of Array Technologies closed at $8.54 yesterday.

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