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ARRY or FSLR or NXT
Which Stock Would AI Choose? Array Technologies (ARRY) vs. First Solar (FSLR) vs. Nextracker (NXT) Stock Comparison
Key Takeaways
- NXT leads with strong YTD gains of over 44%, driven by robust revenue growth and market leadership in solar trackers, outpacing ARRY's recovery and FSLR's mixed results.
- FSLR demonstrates stability with higher revenue ($5.42B TTM) and a lower P/E ratio (14.21), appealing for value amid Q1 earnings beats.
- ARRY shows turnaround potential post-Q1 beat with a $2.4B backlog, though YTD down ~7-11% due to prior revenue pressures.
- All three benefit from solar demand and IRA incentives, but trackers (ARRY, NXT) face competition while FSLR leverages module production.
- Recent momentum favors NXT, with ARRY undervalued and FSLR offering cash-rich balance sheet ($2.4B gross cash).
Introduction
This comparison examines ARRY, FSLR, and NXT, key players in the solar energy sector. ARRY and NXT specialize in solar trackers that optimize panel efficiency, while FSLR manufactures thin-film photovoltaic modules. Traders seeking exposure to renewable energy growth, particularly utility-scale projects boosted by policy incentives like the Inflation Reduction Act (IRA), and investors tracking relative performance in a volatile market will find this analysis relevant for assessing momentum, valuation, and sector positioning.
ARRY Overview and Recent Performance
Array Technologies, Inc. (ARRY) is a leading provider of ground-mounting solar tracking systems, enhancing energy yield for utility-scale projects through single-axis trackers. In recent market activity, ARRY reported Q1 2026 revenue of $223 million, surpassing estimates despite a year-over-year decline, with adjusted EPS turning positive at $0.06. Gross margins expanded significantly to 30.7%, supported by a shift to higher-margin domestic business. The company maintains a robust $2.4 billion order book, signaling strong future demand. Stock performance reflects a rebound in recent weeks, up over 17-20% in the past month amid analyst upgrades like Jefferies raising its target to $9.50, though YTD returns lag at around -7-11% due to earlier revenue headwinds and sector pressures. Sentiment has improved on backlog strength and profitability turnaround.
FSLR Overview and Recent Performance
First Solar, Inc. (FSLR) designs and manufactures cadmium telluride thin-film photovoltaic solar modules, serving utility-scale developers globally. Recent quarters highlight resilience, with Q1 2026 net sales reaching $1.04 billion (up 24% YoY) and EPS of $3.22, beating consensus amid record module shipments. The company reaffirmed 2026 guidance of $4.9-5.2 billion in sales, bolstered by a 47.9 GW contracted backlog and $2.4 billion gross cash. Stock behavior shows volatility, down ~16% YTD but up ~8-10% in the past month post-earnings, influenced by analyst upgrades (e.g., Freedom Broker to Buy at $260) and policy tailwinds like Section 45X tax credits ($418 million in Q1). Performance reflects supply chain navigation and manufacturing expansions in the U.S., India, and elsewhere, driving positive sentiment despite broader solar sector choppiness.
NXT Overview and Recent Performance
Nextracker Inc., now operating as Nextpower Inc. (NXT), delivers intelligent solar tracker and software solutions for utility-scale projects worldwide. In recent periods, NXT posted strong results, with TTM revenue at $3.6 billion (up 30% YoY) and net income of $592 million. Q3 FY2024 revenue hit a record $710 million (up 38%), with raised FY2024 guidance reflecting backlog growth. The stock has surged ~44-45% YTD and over 180% in the past year, trading around $126, supported by a debt-light balance sheet and innovations like AI-enhanced tracking. Recent weeks show continued momentum with ~8-13% monthly gains, fueled by global expansion and sector demand, though sensitive to project timelines. Analyst consensus leans positive, highlighting market leadership.
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Head-to-Head Comparison
ARRY and NXT focus on trackers boosting panel output by 20-30%, contrasting FSLR's module production with vertical integration advantages. Growth drivers include IRA tax credits and utility demand, but NXT excels with 30% revenue growth and low debt ($145M), versus ARRY's backlog recovery and FSLR's $5.4B TTM sales. Recent momentum: NXT +44% YTD, ARRY -7-11%, FSLR -16%. Risks involve policy changes and supply chains for FSLR, project delays for trackers. Valuation: FSLR P/E 14 (attractive), NXT 32 (growth premium), ARRY undervalued. Sentiment favors NXT's execution, balancing FSLR's stability and ARRY's value.
Tickeron AI Verdict
Tickeron’s AI currently favors NXT due to superior trend consistency, YTD outperformance exceeding 44%, strong backlog execution, and leadership in the high-growth tracker segment amid rising solar deployments. While ARRY offers rebound potential from its $2.4B orders and FSLR provides earnings stability, NXT's relative positioning suggests higher probability of continued upside in the near term, based on observable momentum and catalysts.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ARRY’s FA Score shows that 1 FA rating(s) are green whileFSLR’s FA Score has 1 green FA rating(s), and NXT’s FA Score reflects 2 green FA rating(s).
- ARRY’s FA Score: 1 green, 4 red.
- FSLR’s FA Score: 1 green, 4 red.
- NXT’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ARRY’s TA Score shows that 5 TA indicator(s) are bullish while FSLR’s TA Score has 4 bullish TA indicator(s), and NXT’s TA Score reflects 4 bullish TA indicator(s).
- ARRY’s TA Score: 5 bullish, 5 bearish.
- FSLR’s TA Score: 4 bullish, 6 bearish.
- NXT’s TA Score: 4 bullish, 6 bearish.
Price Growth
ARRY (@Alternative Power Generation) experienced а -11.00% price change this week, while FSLR (@Alternative Power Generation) price change was -7.23% , and NXT (@Alternative Power Generation) price fluctuated -15.05% for the same time period.
The average weekly price growth across all stocks in the @Alternative Power Generation industry was -10.72%. For the same industry, the average monthly price growth was -15.47%, and the average quarterly price growth was -4.24%.
Reported Earning Dates
ARRY is expected to report earnings on Aug 11, 2026.
FSLR is expected to report earnings on Jul 23, 2026.
NXT is expected to report earnings on Aug 05, 2026.
Industries' Descriptions
@Alternative Power Generation (-10.72% weekly)The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.
| ARRY | FSLR | NXT | |
| Capitalization | 1.1B | 25.7B | 16.1B |
| EBITDA | 29.6M | 2.31B | 747M |
| Gain YTD | -22.777 | -8.483 | 22.776 |
| P/E Ratio | 56.91 | 17.00 | 33.61 |
| Revenue | 1.21B | 5.42B | 3.56B |
| Total Cash | 201M | 2.43B | 1.1B |
| Total Debt | 763M | 587M | 145M |
ARRY | FSLR | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 78 | 78 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 98 Overvalued | 77 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 52 | |
SMR RATING 1..100 | 100 | 48 | |
PRICE GROWTH RATING 1..100 | 59 | 46 | |
P/E GROWTH RATING 1..100 | 32 | 25 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FSLR's Valuation (77) in the Electronic Components industry is in the same range as ARRY (98) in the Biotechnology industry. This means that FSLR’s stock grew similarly to ARRY’s over the last 12 months.
FSLR's Profit vs Risk Rating (52) in the Electronic Components industry is somewhat better than the same rating for ARRY (100) in the Biotechnology industry. This means that FSLR’s stock grew somewhat faster than ARRY’s over the last 12 months.
FSLR's SMR Rating (48) in the Electronic Components industry is somewhat better than the same rating for ARRY (100) in the Biotechnology industry. This means that FSLR’s stock grew somewhat faster than ARRY’s over the last 12 months.
FSLR's Price Growth Rating (46) in the Electronic Components industry is in the same range as ARRY (59) in the Biotechnology industry. This means that FSLR’s stock grew similarly to ARRY’s over the last 12 months.
FSLR's P/E Growth Rating (25) in the Electronic Components industry is in the same range as ARRY (32) in the Biotechnology industry. This means that FSLR’s stock grew similarly to ARRY’s over the last 12 months.
| ARRY | FSLR | NXT | |
|---|---|---|---|
| RSI ODDS (%) | 2 days ago 85% | 2 days ago 77% | 2 days ago 83% |
| Stochastic ODDS (%) | 2 days ago 85% | 2 days ago 83% | 2 days ago 89% |
| Momentum ODDS (%) | 2 days ago 82% | 2 days ago 77% | 2 days ago 80% |
| MACD ODDS (%) | 2 days ago 90% | 2 days ago 82% | 2 days ago 73% |
| TrendWeek ODDS (%) | 2 days ago 86% | 2 days ago 78% | 2 days ago 75% |
| TrendMonth ODDS (%) | 2 days ago 82% | 2 days ago 80% | 2 days ago 69% |
| Advances ODDS (%) | 6 days ago 80% | 6 days ago 80% | 6 days ago 85% |
| Declines ODDS (%) | 4 days ago 87% | 4 days ago 78% | 2 days ago 71% |
| BollingerBands ODDS (%) | 2 days ago 84% | 4 days ago 78% | 2 days ago 86% |
| Aroon ODDS (%) | 2 days ago 80% | 2 days ago 78% | 2 days ago 78% |
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FSLR and
Correlation & Price change
A.I.dvisor indicates that over the last year, FSLR has been loosely correlated with BE. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if FSLR jumps, then BE could also see price increases.
| Ticker / NAME | Correlation To FSLR | 1D Price Change % | ||
|---|---|---|---|---|
| FSLR | 100% | -3.85% | ||
| BE - FSLR | 55% Loosely correlated | -18.49% | ||
| NXT - FSLR | 54% Loosely correlated | -5.50% | ||
| FCEL - FSLR | 52% Loosely correlated | +22.14% | ||
| RUN - FSLR | 48% Loosely correlated | -0.81% | ||
| ARRY - FSLR | 45% Loosely correlated | -7.41% | ||
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NXT and
Correlation & Price change
A.I.dvisor indicates that over the last year, NXT has been closely correlated with ARRY. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if NXT jumps, then ARRY could also see price increases.
| Ticker / NAME | Correlation To NXT | 1D Price Change % | ||
|---|---|---|---|---|
| NXT | 100% | -5.50% | ||
| ARRY - NXT | 67% Closely correlated | -7.41% | ||
| SHLS - NXT | 60% Loosely correlated | -8.72% | ||
| FSLR - NXT | 54% Loosely correlated | -3.85% | ||
| FCEL - NXT | 49% Loosely correlated | +22.14% | ||
| RUN - NXT | 49% Loosely correlated | -0.81% | ||
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