10 Best Solar Stocks to Buy in 2025

7. Array Technologies Inc. (NASDAQ:ARRY)

Upside Potential: 35%

Number of Hedge Fund Holders: 31

Array Technologies Inc. (NASDAQ:ARRY) is a manufacturer of solar tracking systems designed to improve the efficiency of utility-scale solar power plants. The company’s patented tracking technology, comprising software and hardware, enhances energy production by allowing solar panels to adjust their orientation based on sunlight conditions.

On March 7, a Guggenheim analyst upgraded Array Technologies Inc. (NASDAQ:ARRY) from Neutral to Buy, assigning a $10 price target. While Q4 results and the company’s 2025 outlook aligned with the analyst’s estimates, they fell short of consensus expectations for 2025. The analyst highlighted that the 2025 outlook might be more favourable than it initially appears, driven by the positive impact of lower steel prices on the company’s overall pricing. Additionally, although the $2 billion backlog outcome might have disappointed some investors, Brazil de-bookings posed a temporary challenge, with bookings expected to resurface later in the year following power purchase agreement renegotiations.