10 Best Solar Energy Stocks To Buy Now

6. Array Technologies, Inc. (NASDAQ:ARRY

Number of Hedge Fund Investors: 36

Array Technologies, Inc. (NASDAQ:ARRY) specializes in solar tracking systems that increase the efficiency of solar energy projects. The company’s primary product, the DuraTrack system, allows solar panels to follow the sun’s path for maximum energy capture. Array Technologies, Inc. (NASDAQ:ARRY) earns revenue from hardware sales and post-installation services. The company’s clients include utility-scale solar developers and independent power producers.

Array Technologies, Inc. (NASDAQ:ARRY) is continuously investing in product innovation to stay ahead of market demands and address the evolving needs of its customers. One of the most notable recent developments is the introduction of the 77-degree tracker, which offers the steepest stow angle in the industry. This advancement is particularly significant in regions prone to extreme weather events, such as hail storms, where the higher stow angle can significantly reduce the risk of damage to solar modules. Additionally, the company has launched SkyLink, an eight-row string-powered solution featuring DC motors and ZigBee wireless communications.

Array Technologies, Inc. (NASDAQ:ARRY) is focusing on expanding its presence in international markets, where the demand for utility-scale solar solutions is growing. In Brazil, the company has achieved a leading market share for distributed generation. In Europe, despite modest overall market demand, Array Technologies, Inc. (NASDAQ:ARRY) is confident in its targeted customer activities and expects to see share growth in the coming quarters. The company is also investing in sales and marketing talent to further penetrate these markets and drive additional business.