Key Highlights

  • ARRY shares are trading 1.03% lower at $3.36 on Wednesday, October 28, 2026, implying a prior close near $3.40 (calculated).
  • Short interest was 42,984,386 shares for the settlement date of October 15, 2026, with 6.61 days to cover.
  • Second-quarter 2026 revenue was $342.1 million, down from $362.2 million.
  • The orderbook reached a record $2.5 billion, up 37%, with a trailing book-to-bill of 1.5x.
  • Third-quarter revenue guidance is $310 million to $330 million, with results due November 5, 2026.

Most Shorted Stock: Why Is Array Technologies Slipping 1.03% With 27.9% of Shares Sold Short?

Array Technologies (NASDAQ:ARRY) shares are trading 1.03% lower at $3.36 on Wednesday, October 28, 2026, and the stock sits among the most shorted names on the screen. No company release dated October 28 accompanied the move.

Short-interest data for the settlement date of October 15, 2026 showed 42,984,386 shares sold short, up 4,912,319 from 38,072,067 at the prior settlement (about 12.9%, calculated). Days to cover were 6.61, based on average daily volume of about 6.5 million shares. The figure equals about 27.9% of the 154.01 million shares outstanding, which is a share of outstanding stock rather than of float.

Elevated short interest means a sizeable group of traders is positioned for weakness. A favorable surprise can force covering purchases and exaggerate an advance, while a disappointment can reinforce a decline.

Tracker Maker Profile: What Does Array Technologies Sell and What Is It Worth?

Array supplies integrated energy infrastructure to utility-scale and distributed generation customers, including solar trackers, fixed-tilt systems, foundations and wire management. It has shipped more than 100 gigawatts of trackers cumulatively.

At $3.36 and 154.01 million shares, the market value is about $517 million (calculated). The company has a pending acquisition of Affordable Wire Management, expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.

Second-Quarter Margins and Outlook: Why Did Net Income Fall to $8.4 Million Despite Record Orders?

In its August 5, 2026 report for the quarter ended June 30, revenue was $342.1 million versus $362.2 million a year earlier. Gross margin was 29.1% GAAP and 30.8% adjusted. Net income to common stockholders was $8.4 million, or $0.05 per share, down from $28.5 million, while adjusted diluted EPS was $0.24.

Adjusted EBITDA was $63.3 million, roughly flat from $63.6 million, and adjusted net income was $37.0 million. Free cash flow was $113.6 million in the quarter and $76.7 million for the first six months.

New orders topped $500 million, lifting the orderbook to a record $2.5 billion, up 37% from a year earlier. Cash was $307.3 million, and long-term debt, net of the current portion, was $657.7 million.

Full-year 2026 revenue guidance stayed at $1.4 billion to $1.5 billion. Adjusted EBITDA guidance narrowed to $210 million to $230 million from $200 million to $230 million, adjusted EPS to $0.68 to $0.75 from $0.65 to $0.75, and adjusted gross margin was set at 27% to 28%.

Third-quarter revenue is guided to $310 million to $330 million, below the $342.1 million of the second quarter.

What to Watch Next: Does the November 5 Report Shift the Short Picture?

Array reports third-quarter results after the close on Thursday, November 5, 2026, with a call at 5:00 p.m. Eastern. The next short-interest settlement is October 30, 2026, with publication expected November 10, and the Affordable Wire Management closing is also pending.