Array Technologies Inc. (ARRY) experienced a significant pre-market plunge of 23.00% following the release of its fourth-quarter and full-year 2025 financial results.
The solar tracker manufacturer reported a quarterly net loss to common shareholders of $161.2 million, which included substantial one-time charges. These comprised a $29.5 million inventory valuation charge related to phasing out non-compatible product inventory and a $102.6 million non-cash goodwill impairment charge tied to its 2022 acquisition of STI.
Furthermore, the company issued forward guidance for fiscal 2026 that fell short of analyst expectations. Array Technologies expects adjusted earnings per share of 65 cents to 75 cents, below the consensus estimate of 86 cents. This weak guidance, combined with the quarterly loss and impairment charges, prompted negative market reaction and led to analyst price target cuts from firms including JP Morgan and RBC.
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