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Analysts are saying that Array Technologies could fall by 2030. Bullish on ARRY? Invest in Array Technologies on SoFi with no commissions. If it’s your first time signing up for SoFi, you’ll receive up to $1,000 in stock when you first fund your account. Plus, get a 1% bonus if you transfer your investments and keep them there until December 31, 2025. Solar tracking technology company Array Technologies Inc. (ARRY) has been posting strong financial growth this year, but margin pressures, the expiration of the U.S. solar tax credit and dependence on revenue from a small group of customers could put a weight on shares down the road. In this article, we’ll look at ARRY’s latest share price, Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in the company’s path going forward. Current Stock Overview Market Cap: $1.3 billion Trailing P/E Ratio: 63.59 Forward P/E Ratio: 8.88 1-Year Return: 36% 2025 YTD: 44% Shares of Array Technologies are trading around $9 as of October, 2025 and have outperformed the Nasdaq year-to-date. Investors have been optimistic about solar energy stocks as they stage a comeback after dropping sharply over the past five years. ARRY trades at a better valuation than Nextracker Inc. (NXT), one of its biggest competitors, with a forward P/E ratio of 8.88 and a PEG ratio of 0.63 compared to NXT’s 17.99 forward P/E and 3.46 PEG. Array Technologies reported Q2 results in August. Revenue increased by more than 40% year-over-year, prompting management to raise guidance. The company also delivered higher year-over-year revenue growth than Nextracker in the second quarter, indicating that it’s gaining market share at a faster rate. However, tariffs could put some pressure on the company’s profits in upcoming quarters. Array Technologies sources steel, aluminum, and other components for its products, and if those inputs become more expensive due to tariffs, it can hurt Array Technologies’ profits. The potential tariff headwind comes right as the U.S. Solar tax credit is set to expire at the end of 2025. When the tax credit expires, it can reduce demand for Array Technologies’ solar tracking software. It only affects residential solar panels, but if demand for these solar panels wanes, it can translate into lower demand for commercial clients as well. Much of Array Technologies’ revenue hinges on a few key customers. Two clients accounted for 15.6% and 11.9% in 2024, and concentration has inched higher over the past few years, leaving the company vulnerable to significant revenue drops if either client cuts back on commitments. ARRY has a consensus Hold rating from 28 analysts, according to Benzinga. The average price target is $11.31 per share, which suggests a slight upside from current levels. The highest price target is $29, and the lowest is $5. The three most recent ratings suggest a near-term average target of $10.33, suggesting a 16% upside. Quick Snapshot Table of Predictions & Methodology for Forecasting Bull & Bear Case Array Technologies is showing strong growth with the possibility of new revenue streams from the artificial intelligence boom, but external pressures and customer concentration could pressure shares. Array Technologies has posted strong financial growth and raised its guidance, suggesting market share gainsAI data centers are looking for renewable energy sources, which can boost the demand for solar and Array Technologies’ solutionsArray Technologies has a lower P/E ratio and higher revenue growth than NXT, its top competitor Margin pressure from tariffs can minimize profitsThe U.S. solar tax credit is set to expire at the end of the year, which can impact growth forecastsCustomer concentration risk is significant, with more than 25% of revenue coming from two clients Stock Price Prediction for 2025 CoinCodex projects a modest increase for ARRY for the rest of the year. Although tariffs and the expiration of the U.S. solar tax credit loom large, the company is growing at a fast rate and has a reasonable valuation. Those benefits may outweigh the disadvantages for the rest of the year. Stock Price Prediction for 2026 CoinCodex’s forecast is a bit more spread out in 2026, with the average price target suggesting a slight decrease from current levels. The highest target suggests a moderate gain for shares, while the lowest predicts a moderate loss. Investors will have to assess how the expiration of the U.S. solar tax credit affects total sales. Any AI investments in solar energy can push the stock closer to the high end of CoinCodex’s forecast. Stock Price Prediction for 2030 CoinCodex projects that ARRY will fall significantly by 2030, suggesting that the expiration of the U.S. solar tax credit will have inflicted too much damage on the company’s revenue growth without significant AI investments into solar balancing it out. Investment Considerations Array Technologies is growing at a fast rate as more solar panel plants use its tracking technology. It’s outpacing competitor Nextracker while trading at a more reasonable valuation. AI investments in solar energy could turn into a major catalyst, but Array Technologies faces meaningful customer concentration risk. There are also plenty of risks due to tariffs and the expiration of the U.S. solar tax credit. Frequently Asked Questions
