On November 11, 2021, ARRY announced that it has entered into a definitive agreement to acquire Soluciones Técnicas Integrales Norland, S.L. It is a leading global provider of utility-scale solar tracker technology. Wall Street analysts expect them to rally by 45% or more in price over the next 12 months.īased in Albuquerque, New Mexico, ARRY manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. ( ARRY ) and Beam Global ( BEEM ) could be good additions to one’s watchlist now. Therefore, we think solar stocks Array Technologies, Inc. Energy Information Administration report claims solar generation will account for 14% of the total electricity generation in the United States by 2035 and 20% by 2050.

One of the bill’s aims is to make the installation of solar panels cost-effective for households.įurthermore, the industry is expected to see solid growth with a rising focus on sustainable energy to address climate change concerns.

However, the Biden administration’s Build Back Better plan, if passed, is expected to buttress investor sentiment about this industry. solar industry is expected to grow 25% less than was previously forecast for 2022, owing to logistic disruptions and rising input prices. According to the Solar Energy Industries Association, the U.S.

Beem stock forecast 2022