Array Technologies Inc : Jefferies Cuts Target Price To $10 From $11

What Happened?

A number of stocks fell in the afternoon session after markets faded the Nvidia rally in the morning session, as investors remained uncertain about future rate cuts. 

While the trading day began with significant enthusiasm, pushing the Dow Jones Industrial Average up more than 700 points and the Nasdaq Composite up 2.6%, momentum quickly evaporated as the session wore on. The primary catalyst for this sharp reversal was a stronger-than-expected jobs report, which reduced the implied odds of a December interest rate cut to less than 40%.This macroeconomic anxiety overshadowed stellar corporate performance. Nvidia initially surged 5% on blockbuster earnings and CEO Jensen Huang's bullish outlook on "off the charts" demand for Blackwell chips. However, the stock eventually turned negative, acting as a heavy weight that dragged the broader indices into the red. The sell-off partly reflects a deepening caution regarding high-flying tech valuations in a "higher-for-longer" rate environment. Consequently, investors appeared to rotate capital away from volatile growth sectors and toward defensive staples, evidenced by Walmart's 6% gain following its own earnings beat. Ultimately, the market could not sustain the morning's euphoria, as traders prioritized rate realities over AI potential.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Electrical Systems company Atkore fell 14.3%. Is now the time to buy Atkore? Access our full analysis report here, it’s free for active Edge members.
• Renewable Energy company Shoals fell 5.6%. Is now the time to buy Shoals? Access our full analysis report here, it’s free for active Edge members.
• Construction and Maintenance Services company Comfort Systems fell 4.2%. Is now the time to buy Comfort Systems? Access our full analysis report here, it’s free for active Edge members.
• Renewable Energy company Array fell 5%. Is now the time to buy Array? Access our full analysis report here, it’s free for active Edge members.
• Defense Contractors company Kratos fell 3.9%. Is now the time to buy Kratos? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Atkore (ATKR)

Atkore’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Atkore and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was 4 months ago when the stock dropped 27.1% on the news that the company reported a significant drop in quarterly profit and announced the planned retirement of its 

CEO, Bill Waltz. Atkore disclosed that its net sales fell 10.6% compared to the same period last year, landing at $735 million. The company attributed this decline primarily to lower average selling prices for its products. Profitability took a substantial hit, as net income plummeted by over 65% to $43.0 million. This resulted in an earnings per share (EPS) of $1.25, which fell short of analyst forecasts. The news of the CEO's departure added to investor concerns, creating uncertainty about the company's future leadership.

Atkore is down 28.8% since the beginning of the year, and at $57.95 per share, it is trading 39% below its 52-week high of $94.95 from November 2024. Investors who bought $1,000 worth of Atkore’s shares 5 years ago would now be looking at an investment worth $1,704.

What Happened?

A number of stocks fell in the morning session after concerns regarding lofty artificial intelligence valuations triggered a pullback in the technology sector. 

Nvidia slid 3% ahead of its earnings report, dragging down fellow "Magnificent Seven" peers despite a major partnership announcement with Anthropic, as investors increasingly question the durability of the AI rally.Market sentiment was further dampened by Bitcoin dropping below $90,000, signaling reduced risk appetite, and growing anxiety that the Federal Reserve may pause rate cuts in December, with the implied probability of a cut falling to roughly 50%. 

Adding to the weakness, Home Depot shares declined following an earnings miss and a cut to its full-year outlook. This combination of continued de-risking and valuation skepticism put the S&P 500 on pace for its fourth consecutive daily decline.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Renewable Energy company Blink Charging fell 3.9%. Is now the time to buy Blink Charging? Access our full analysis report here, it’s free for active Edge members.
• Waste Management company Enviri fell 3.3%. Is now the time to buy Enviri? Access our full analysis report here, it’s free for active Edge members.
• Maintenance and Repair Distributors company DXP fell 1%. Is now the time to buy DXP? Access our full analysis report here, it’s free for active Edge members.
• Renewable Energy company Array fell 4.3%. Is now the time to buy Array? Access our full analysis report here, it’s free for active Edge members.
• Internet of Things company SmartRent fell 3.5%. Is now the time to buy SmartRent? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Array (ARRY)

Array’s shares are extremely volatile and have had 74 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 5 days ago when the stock dropped 7.7% on the news that the broader U.S. stock market declined amid investor caution and a pullback in technology stocks. 

The main story? Investors are cashing in on a good run and feeling a bit cautious. After a fantastic run, many of those high-flying AI and technology stocks saw investors take profits: selling shares to lock in their gains.This is often called a "market rotation." Money is moving out of the red-hot tech sector (which some worry has become too expensive) and into other parts of the market that investors may currently deem more stable or reasonably-priced.There's a secondary reason for the cautious mood: The long government shutdown came to an end. Though it's typically interpreted as good news, it also means a flood of delayed economic reports will be released. For weeks, investors were "flying blind" without key updates on the economy's health, like inflation data and the jobs report. In typical "sell the news" fashion, investors may also be taking profits and selling in anticipation that the new data would potentially give the Federal Reserve reasons to slow or even pause future rate cuts.

Array is up 9.1% since the beginning of the year, but at $7.36 per share, it is still trading 28.5% below its 52-week high of $10.29 from October 2025. Investors who bought $1,000 worth of Array’s shares 5 years ago would now be looking at an investment worth $175.24.

Check out the companies making headlines this week:

Array : Solar tracking systems manufacturer Array rose by 1.1% on Tuesday after the stock's positive momentum continued as the company reported strong third-quarter results that surpassed expectations and prompted positive reactions from analysts. See our full article here.

Is now the time to buy Array? Access our full analysis report here.

Red Robin : Burger restaurant chain Red Robin fell by 7.9% on Tuesday after it gave back a portion of the prior session's rally as investors looked past the company's better-than-expected third-quarter results and refocused on its long-term challenges. See our full article here.

Is now the time to buy Red Robin? Access our full analysis report here.

EVERTEC : Payment processing company EVERTEC rose by 6.2% on Tuesday after the stock's positive momentum continued as the company reported earnings results that topped analyst estimates. See our full article here.

Is now the time to buy EVERTEC? Access our full analysis report here.

Sterling : Civil infrastructure construction company Sterling Infrastructure rose by 0.9% on Wednesday after its Board of Directors authorized a new $400 million stock repurchase program. See our full article here.

Is now the time to buy Sterling? Access our full analysis report here.

Array : Solar tracking systems manufacturer Array rose by 10.7% on Monday after the stock's positive momentum continued as the company posted strong third-quarter financial results that beat expectations and received an analyst upgrade from Seaport Global. See our full article here.

Is now the time to buy Array? Access our full analysis report here.

What Happened?

A number of stocks fell in the afternoon session after the broader U.S. stock market declined amid investor caution and a pullback in technology stocks. 

The main story? Investors are cashing in on a good run and feeling a bit cautious. After a fantastic run, many of those high-flying AI and technology stocks saw investors take profits: selling shares to lock in their gains.This is often called a "market rotation." Money is moving out of the red-hot tech sector (which some worry has become too expensive) and into other parts of the market that investors may currently deem more stable or reasonably-priced. 

There's a secondary reason for the cautious mood: The long government shutdown came to an end. Though it's typically interpreted as good news, it also means a flood of delayed economic reports will be released. For weeks, investors were "flying blind" without key updates on the economy's health, like inflation data and the jobs report. In typical "sell the news" fashion, investors may also be taking profits and selling in anticipation that the new data would potentially give the Federal Reserve reasons to slow or even pause future rate cuts.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Renewable Energy company Array fell 7.7%. Is now the time to buy Array? Access our full analysis report here, it’s free for active Edge members.
• Electronic Components company Bel Fuse fell 6.7%. Is now the time to buy Bel Fuse? Access our full analysis report here, it’s free for active Edge members.
• Electronic Components company Vicor fell 5.6%. Is now the time to buy Vicor? Access our full analysis report here, it’s free for active Edge members.
• Electrical Systems company Sanmina fell 10.9%. Is now the time to buy Sanmina? Access our full analysis report here, it’s free for active Edge members.
• Aerospace company Rocket Lab fell 9.3%. Is now the time to buy Rocket Lab? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Sanmina (SANM)

Sanmina’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. But moves this big are rare even for Sanmina and indicate this news significantly impacted the market’s perception of the business.

The biggest move we wrote about over the last year was about 1 month ago when the stock gained 22.7% on the news that the company was seen as a key beneficiary of a major partnership announced between Advanced Micro Devices (AMD) and OpenAI. The market reacted positively after investors connected the deal to Sanmina's pending acquisition of a data center infrastructure manufacturing business from AMD. That agreement would make Sanmina a key U.S.-based manufacturing partner for AMD's new products. The partnership involved OpenAI's commitment to purchase a significant amount of AMD's graphics processing units (GPUs). Investors speculated that Sanmina could benefit if it was commissioned to build the server racks containing AMD's chips for the project. An analyst from BofA Securities noted that the announcement was viewed as a positive for Sanmina, as it showed that AMD's chips were gaining traction in the market.

Sanmina is up 104% since the beginning of the year, but at $154.28 per share, it is still trading 13.2% below its 52-week high of $177.76 from November 2025. Investors who bought $1,000 worth of Sanmina’s shares 5 years ago would now be looking at an investment worth $4,782.

While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our full research report.