10 Worst Performing Solar Stocks to Buy Now

5. Array Technologies Inc. (NASDAQ:ARRY)

6-Month Performance as of February 27: 4.10%

Number of Hedge Fund Holders: 31

Array Technologies Inc. (NASDAQ:ARRY) manufactures and sells ground-mounting tracking systems for solar energy projects. Its products include DuraTrack HZ v3, Array STI H250, Array OmniTrack, and SmarTrack software, which utilize ML to optimize solar array positioning for increased energy production. It operates through its Array Legacy Operations and STI Operations segments.

The company’s growth driver is its solar tracking solutions segment, specifically its DuraTrack and OmniTrack product lines, which are critical components for utility-scale solar projects. In Q3 2024, its revenue was $231 million. The OmniTrack tracker now represents over 20% of the company’s global orders. This tracker is an advanced solar tracking system that is designed to follow the sun’s movement across various terrains and maximise energy production. Array Technologies Inc. (NASDAQ:ARRY) anticipates double-digit growth in 2025, driven by both existing orders and strong win rates. It also holds a leading market share in Brazilian distributed generation projects.

The company is working through slow permit approvals and limited equipment availability, but it’s also benefiting from good loan terms and clear government policies. It’s focusing on new technology, like a tracker that protects panels from hail and a system that simplifies wiring, plus it has added features that automatically clear snow from panels.