Array Technologies slips after forecasting 2026 adjusted profit below estimates

Array Technologies

26/02/2026 13:12

** Shares of solar tracker maker Array Technologies ARRY.O down 24.5% at $8.3 premarket

** Co sees FY26 adjusted profit to be in the
range
 of 65 cents to 75 cents, below analyst estimates of 78 cents - LSEG-compiled data

** At least three brokerages cut PT on stock post results, with Deutsche Bank downgrading it to "hold" from "buy"

** Deutsche says “investors are disappointed” with 2026 outlook as well as adjusted EBITDA at $215 mln is 14% below Street; cuts PT to $9

** JPMorgan flags record backlog, but FY26 margin outlook below expectations on pricing pressure; trims PT to $11

** 15 out of 26 analysts rate stock "buy" or higher, 10 rate it "hold", one "sell"; median PT at $10 - data compiled by LSEG

** As of last close, ARRY stock up 19.3% YTD, following a 52.6% jump in 2025

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))