Piper Sandler Initiates Coverage of Array Technologies at Neutral
Fintel reports that on September 9, 2026, Piper Sandler initiated coverage of Array Technologies (NASDAQGM:ARRY) with a Neutral recommendation. This initiation of coverage comes as the company continues to operate within the renewable energy sector, specializing in solar tracking technology. Array Technologies, Inc., based in the United States, designs and manufactures tracking systems that enhance the efficiency of solar energy projects by optimizing the orientation of solar panels relative to the sun's position. The company's offerings focus on using technology to increase the energy production of solar installations while reducing costs related to maintenance and operations.
Prior to this rating action, the stock closed at $4.70 on September 8, 2026. This pre-action close of $4.70 matches the latest close of $4.70 recorded on September 8, 2026. Over a one-week period, the stock experienced a price change of +7.80% from a baseline close of $4.36 on September 1, 2026. Over a one-month period, the stock saw a price change of -15.32% from a baseline close of $5.55 on August 7, 2026.
Array Technologies recently reported its latest earnings on August 5, 2026. The company reported an actual EPS of 0.24, which compared to the estimated EPS of 0.1197, representing an EPS surprise of +100.50%. The actual revenue for the quarter was $342,065,000,000,000.00, compared to the estimated revenue of $319,264,885,000,000.00.
Separately from Piper Sandler's individual rating, the broader consensus target price for the stock was recorded at a mean of $9.47 and a median of $9.18 as of August 28, 2026. This current consensus target mean represents an implied change of +101.57% from the stock's pricing. Previously, on August 4, 2026, the prior consensus target mean was $10.20, marking a consensus target revision of -7.10%. In terms of analyst recommendations, the current recommendation period as of September 1, 2026, shows a total of 29 recommendations, consisting of 6 strong buy, 10 buy, 13 hold, 0 sell, and 0 strong sell ratings. This recommendation breakdown reflects a positive percentage of 55.2%, a hold percentage of 44.8%, and a negative percentage of 0.0%. These figures remain unchanged from the prior recommendation period as of August 1, 2026, which also recorded a total of 29 recommendations with 6 strong buy, 10 buy, 13 hold, 0 sell, and 0 strong sell ratings.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 9, 2026 | Piper Sandler | Neutral | initiated coverage |
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This story originally appeared on Fintel.