Stock Track | Array Technologies Soars 12.55% in Pre-Market on Strong Q1 Earnings Beat and Record $2.4B Orderbook

Stock Track05-07

Array Technologies Inc. (ARRY) experienced a significant pre-market surge of 12.55% on Thursday, following the release of its first-quarter 2026 financial results.

The solar tracking technology company reported adjusted earnings per share of $0.06, substantially beating the analyst consensus estimate of a $0.05 loss. Revenue for the quarter came in at $223.412 million, also surpassing expectations of $201.852 million. A key driver behind the positive investor sentiment was the announcement of a record $2.4 billion in total executed contracts and awarded orders, achieving a 2x book-to-bill ratio for the period.

Management reaffirmed its full-year 2026 guidance, expecting revenue between $1.4 billion and $1.5 billion and adjusted EBITDA in the range of $200 million to $230 million. The company also highlighted strong international diversification with projects in Turkey, Peru, and Colombia, alongside the introduction of its new DuraTrack D2S dual-row tracker for international markets.

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