8 Most Promising Solar Stocks According to Hedge Funds

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

Number of Hedge Fund Investors: 36

Array Technologies, Inc. (NASDAQ:ARRY) is a leading provider of ground-mounted solar tracking systems, which increase the efficiency of solar panels by aligning them with the sun’s position. The company primarily serves utility-scale solar projects by partnering with developers and EPC firms. Array Technologies, Inc. (NASDAQ:ARRY) flagship product, the DuraTrack system, is known for its durability and low maintenance requirements.

Array Technologies, Inc. (NASDAQ:ARRY) is focused on expanding its international market presence, as demand for utility-scale solar solutions grows globally. In Brazil, the company has secured a leading market share for distributed generation. In Europe, despite moderate overall market demand, the company is optimistic about its targeted customer activities and expects to see growth in its market share in the coming quarters. To support these efforts, the company is investing in sales and marketing talent to strengthen its position and drive additional business in these regions.

Array Technologies, Inc. (NASDAQ:ARRY) is committed to continuous product innovation to meet market demands and address the evolving needs of its customers. One of the company’s most notable recent developments is the introduction of the 77-degree tracker, which offers the steepest stow angle in the industry. This innovation is particularly valuable in regions prone to extreme weather events, such as hailstorms, as the higher stow angle helps mitigate the risk of damage to solar modules. Additionally, the company has launched SkyLink, an eight-row string-powered solution that integrates DC motors and ZigBee wireless communications, to remotely monitor data in areas with limited cellular coverage.