|
|||||
![]() |
|
Solar tracking systems manufacturer Array (NASDAQ:ARRY) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 97.1% year on year to $302.4 million. The company’s full-year revenue guidance of $1.1 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Is now the time to buy ARRY? Find out in our full research report (it’s free).
Array’s first quarter results were shaped by exceptional sales volume growth and a continued recovery in market share, with management crediting disciplined execution and robust customer demand as key factors. CEO Kevin Hostetler pointed to a 143% increase in shipped volumes compared to last year and emphasized the company’s ability to navigate ongoing regulatory and policy uncertainty, particularly surrounding tariffs and the Inflation Reduction Act. Hostetler underscored that "our order book is resilient," highlighting Array’s operational agility and product traction, especially with recently launched offerings like OmniTrack and SkyLink.
Looking ahead, management is maintaining its full-year guidance, attributing their confidence to the company’s strong backlog and customer commitments. Hostetler noted that approximately 75% of 2025 domestic deliveries are for projects with U.S.-manufactured panels or those already in the country, reducing near-term supply risks. CFO Keith Jennings reiterated that the company’s liquidity position and extended credit facility provide flexibility amid market volatility. However, management acknowledged continued uncertainty in international markets, particularly Brazil, and the potential for project delays if policy clarity remains elusive.
Array’s management identified volume acceleration, product adoption, and effective supply chain planning as primary drivers of the first quarter’s performance. Forward-looking commentary focused on product innovation and managing policy-related headwinds.
Management’s outlook for the coming quarters hinges on sustained demand for utility-scale solar, the ability to mitigate policy and supply chain risks, and the continued adoption of new products.
In the coming quarters, the StockStory team will monitor (1) progress on resolving U.S. policy and tariff uncertainties, as any clarity could prompt a surge in bookings; (2) adoption rates and commercial impact of new product platforms like OmniTrack and SkyLink; and (3) the company’s ability to navigate challenges in international markets, particularly Brazil. Execution on supply chain flexibility and margin stabilization will also be important indicators of operational success.
Array currently trades at a forward P/E ratio of 11.9×. Should you double down or take your chips? The answer lies in our free research report.
The market surged in 2024 and reached record highs after Donald Trump’s presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025.
While the crowd speculates what might happen next, we’re homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver’s seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years.
Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Jul-03 | |
Jun-30 | |
Jun-30 | |
Jun-27 | |
Jun-26 | |
Jun-24 | |
Jun-24 | |
Jun-23 | |
Jun-21 | |
Jun-20 | |
Jun-18 | |
Jun-17 | |
Jun-17 | |
Jun-17 |
SunRun Leads Rout in Solar Stocks After Senate Backs End to Tax Credits
ARRY
The Wall Street Journal
|
Jun-06 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite