Array Technologies Inc

ARRY is entrenched in a Stage 4 decline with a clear lower-high, lower-low sequence and price trading below all major EMAs. Both medium- and long-term biases remain firmly bearish, and short-term conditions show continued rejection at resistance without signs of exhaustion. Immediate selling on rallies into declining EMA zones is warranted to align with the dominant downtrend.

• ↑Q1 2026 revenue of $223M (+20% YoY) with 30.7% gross margin
• ↑Record $2.4B order backlog and 2× book-to-bill signal strong demand visibility
• ↓Negative earnings revisions show analysts trimming expected EPS