Array Technologies Inc. (NASDAQ: ARRY) is considered one of the best solar energy stocks to buy right now, with BMO Capital raising its price target to $9.00 on November 6. The company reported strong net bookings of $500 million, exceeding expectations, and raised its 2025 revenue outlook despite mixed Q3 results.

On November 5, Array Technologies reported third-quarter results with revenue at $393.5 million, a gross margin of 26.9%, and adjusted EBITDA of $72.2 million. CEO Kevin Hostetler highlighted strong year-over-year growth in revenue and volume, projecting revenue between $1.25 billion and $1.28 billion for full-year 2025.

Array Technologies Inc. designs and manufactures solar trackers and racking systems for utility-scale and distributed generation solar industries. The company’s products and software maximize energy production from solar photovoltaic systems, supporting residential, commercial, and large-scale solar projects.

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Read more at Yahoo Finance: BMO Lifts Array Technologies (ARRY) Price Target on Strong Bookings