The InvestingPro Fair Value model flagged Array Technologies (NASDAQ: ARRY) on October 24, 2026, when the solar tracking systems maker traded at $3.19 per share. The report says the stock rose 66% over the following 12 days, reaching $5.86 by November 5.
The model estimated the stock's intrinsic value at $4.77, which the report describes as a 49.5% upside from the October 24 price. The report credits a merger announcement with Shoals Technologies and strong third-quarter 2026 results for the November gain, which it says exceeded 72% for the month.
The source reports annual revenue of $1.12 billion, EBITDA of $87.4 million, earnings per share of -$1.14, and a current ratio of 2.28. It also cites Barclays maintaining an Overweight rating with price targets of $8 to $11 during 2024 and early 2025. The report states that the stock at $5.86 traded near InvestingPro's current Fair Value estimate of $5.70.
The article is promotional. It is published by Investing.com and promotes InvestingPro subscriptions, and the Fair Value model's methodology is described only in general terms. The report does not disclose how the model performed on other stocks.