11 Best Renewable Energy Stocks To Buy Now

7. Array Technologies, Inc. (NASDAQ:ARRY)

Number of Hedge Fund Investors: 36

Array Technologies, Inc. (NASDAQ:ARRY) specializes in solar tracking systems designed to enhance the efficiency of solar energy projects. The company’s flagship products, including the DuraTrack and OmniTrack series, are designed to maximize energy production and minimize operational risks, making them ideal for a wide range of terrains and climates. Array Technologies, Inc. (NASDAQ:ARRY) generates revenue through hardware sales and post-installation services, serving utility-scale solar developers and independent power producers.

Array Technologies, Inc. (NASDAQ:ARRY) is committed to continuous innovation, as evidenced by the recent introduction of the 77-degree tracker, which features the steepest stow angle in the industry for protection against hail damage. This product, along with the SkyLink architecture and automated snow response solutions addresses the unique challenges faced by solar sites, such as extreme weather conditions. The company is also working on a robust pipeline of upcoming products, including the automated snow response system.

While the U.S. market remains a core focus, Array Technologies, Inc. (NASDAQ:ARRY) is actively expanding its international footprint. The company has increased its investments in sales and marketing to strengthen its foothold and drive additional business opportunities in these regions. In Brazil, the company has achieved a leading market share in distributed generation, demonstrating its ability to adapt to diverse market conditions. In Europe, despite modest market demand, Array Technologies, Inc. (NASDAQ:ARRY) is confident in its targeted customer activities and is poised for share growth in the coming quarters.