ARRY trades 10.3% below Wall Street's consensus target of $6.46.
Last 12 months price action with 12-month analyst target path
The base valuation assumes ARRY achieves its forward estimates and maintains a stable P/E multiple of 7.9x. This scenario reflects the blended consensus of 28 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Array Technologies, Inc. (ARRY) has a Wall Street consensus price target of $6.46, based on estimates from 28 covering analysts. With the stock currently trading at $5.86, this represents a potential upside of +10.3%. The company has a market capitalization of $901M.
Analyst price targets range from a low of $4.00 to a high of $12.00, representing a 124% spread in expectations. The median target of $6.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 14 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, ARRY trades at a trailing P/E of -8.1x and forward P/E of 7.9x. Analysts expect EPS to grow +234.7% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 SHLSShoals Technologies Group, Inc. | $1.7B | $10.08 | $12.50 | +24.0% | Buy | 23.4x | 23 |
 FTCIFTC Solar, Inc. | $25M | $1.56 | $15.00 | +861.5% | Buy | — | 12 |
 FSLRFirst Solar, Inc. | $21.6B | $201.14 | $265.06 | +31.8% | Buy | 11.4x | 75 |
 ENPHEnphase Energy, Inc. | $3.8B | $28.47 | $35.65 | +25.2% | Hold | 16.8x | 56 |
 SEDGSolarEdge Technologies, Inc. | $1.7B | $27.51 | $35.89 | +30.5% | Hold | — | 48 |
 CSIQCanadian Solar Inc. | $754M | $11.12 | $16.25 | +46.1% | Buy | — | 33 |
 NEENextEra Energy, Inc. | $181.4B | $86.95 | $91.20 | +4.9% | Buy | 21.6x | 36 |
 AESThe AES Corporation | $10.6B | $14.87 | $18.75 | +26.1% | Hold | 6.5x | 21 |
 BEPBrookfield Renewable Partners L.P. | $9.5B | $31.14 | $37.60 | +20.7% | Buy | — | 20 |
 CWENClearway Energy, Inc. | $7.0B | $34.10 | $42.71 | +25.2% | Buy | — | 17 |
Quick answers to the most common questions about buying ARRY stock.
Array Technologies, Inc. (ARRY) has a consensus 12-month price target of $6.46, implying 10.3% upside from $5.86. The 28 analysts covering ARRY see moderate appreciation potential.
ARRY has a consensus rating of "Buy" based on 28 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $6.46 implies 10.3% upside from current levels.
With a forward P/E of 7.8749x, ARRY trades at a relatively low valuation. The consensus target of $6.46 implies 10.3% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $12 for ARRY, while the most conservative target is $4. The consensus of $6.46 represents the median expectation. These targets typically reflect 12-month expectations.
ARRY is heavily covered by Wall Street, with 28 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 14 have Buy ratings, 13 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ARRY stock forecast based on 28 Wall Street analysts shows a consensus price target of $6.46, with estimates ranging from $4 (bear case) to $12 (bull case). The median consensus rating is "Buy".
ARRY trades at a forward P/E ratio of 7.9x based on next-twelve-months earnings estimates. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on ARRY, with a "Buy" consensus rating and $6.46 price target (10.3% upside). 14 of 28 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ARRY analyst price targets range from $4 to $12, a 124% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $6.46 consensus represents the middle ground.
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