Array Technologies, Inc. (ARRY) Downgraded Amid Global Tariff Concerns

Array Technologies, Inc. (NASDAQ:ARRY) is among the most undervalued solar stocks to buy now. Analysts at BofA have downgraded Array Technologies, Inc. (NASDAQ:ARRY) to “Underperform” from “Neutral” while reducing the price target to $7, down from $8. As India tariffs double from 25% to 50% and Mexico-gearsets face a new 25% duty, the firm is pessimistic about the company’s outlook and now views its fiscal 2025 margin target as “unrealistic.”

Looking at the bigger picture, Array Technologies, Inc. (NASDAQ:ARRY) has delivered a year-to-date return of 24.01%, nearly twice that of the market. There’s no doubt the company performed well during the first half of 2025, favoring a rebound following poor 2024 results. Ultimately, we can expect the company to not only capture a greater market share globally in the times ahead but also maintain its position in a sector undergoing consolidation.

Although there are risks, Array Technologies, Inc. (NASDAQ:ARRY) can unlock significant value in the solar sector if and only if the turnaround takes place smoothly in 2025 and the company sustains its growth momentum.

Array Technologies, Inc. (NASDAQ:ARRY) is a New Mexico-based provider of solar tracking technology products, operating in the United States, Brazil, Australia, and globally. Incorporated in 1987, the company has two main segments: Array Legacy Operations and STI Operations.

While we acknowledge the potential of ARRY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.