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Array Technologies NasdaqGM:ARRY Stock Report

Last Price

US$6.48

Market Cap

US$1.0b

7D

-1.5%

1Y

-62.6%

Updated

29 Oct, 2024

Data

Company Financials +

Array Technologies, Inc.

NasdaqGM:ARRY Stock Report

Market Cap: US$1.0b

ARRY Stock Overview

Manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally.

ARRY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health4/6
Dividends0/6

Community Narratives

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Narratives bring a range of perspectives from our community.

US$12.04
FV
46.2% undervalued intrinsic discount
8.84%
Revenue growth p.a.
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7 days ago author updated this narrative

Array Technologies, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Array Technologies
Historical stock prices
Current Share PriceUS$6.48
52 Week HighUS$20.15
52 Week LowUS$5.56
Beta1.62
11 Month Change-3.71%
3 Month Change-38.40%
1 Year Change-62.61%
33 Year Change-70.68%
5 Year Changen/a
Change since IPO-82.22%

Recent News & Updates

Recent updates

The Bottom Fishing Club - Array Technologies: Solar Industry Turnaround Possible After Election

Oct 25

Array: Not Yet In Fashion, But 3 Reasons To Consider A Nibble Now (Rating Upgrade)

Oct 09

Array Technologies (NASDAQ:ARRY) Might Have The Makings Of A Multi-Bagger

Sep 18
Array Technologies (NASDAQ:ARRY) Might Have The Makings Of A Multi-Bagger

The Market Doesn't Like What It Sees From Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues Yet As Shares Tumble 41%

Aug 28
The Market Doesn't Like What It Sees From Array Technologies, Inc.'s (NASDAQ:ARRY) Revenues Yet As Shares Tumble 41%

Analysts Just Shaved Their Array Technologies, Inc. (NASDAQ:ARRY) Forecasts Dramatically

Aug 21
Analysts Just Shaved Their Array Technologies, Inc. (NASDAQ:ARRY) Forecasts Dramatically

Results: Array Technologies, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 11
Results: Array Technologies, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Array Technologies: Mid-Term Headwinds, But Compelling Future

Jul 29

Array Technologies, Inc.'s (NASDAQ:ARRY) Intrinsic Value Is Potentially 73% Above Its Share Price

Jul 29
Array Technologies, Inc.'s (NASDAQ:ARRY) Intrinsic Value Is Potentially 73% Above Its Share Price

Investors Still Waiting For A Pull Back In Array Technologies, Inc. (NASDAQ:ARRY)

Jul 14
Investors Still Waiting For A Pull Back In Array Technologies, Inc. (NASDAQ:ARRY)

Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

Jun 28
Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

Returns At Array Technologies (NASDAQ:ARRY) Are On The Way Up

Jun 12
Returns At Array Technologies (NASDAQ:ARRY) Are On The Way Up

Array Technologies: Intrigued But Not Yet Convinced

May 13

We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt

May 01
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt

Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 49% Undervaluation?

Mar 25
Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 49% Undervaluation?

Array Technologies: Short-Term Downside, But High Long-Term Growth

Mar 07

Need To Know: Analysts Just Made A Substantial Cut To Their Array Technologies, Inc. (NASDAQ:ARRY) Estimates

Feb 29
Need To Know: Analysts Just Made A Substantial Cut To Their Array Technologies, Inc. (NASDAQ:ARRY) Estimates

Is It Too Late To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

Feb 21
Is It Too Late To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt

Jan 30
We Think Array Technologies (NASDAQ:ARRY) Can Stay On Top Of Its Debt

Array Technologies, Inc.'s (NASDAQ:ARRY) Shares Climb 25% But Its Business Is Yet to Catch Up

Dec 19
Array Technologies, Inc.'s (NASDAQ:ARRY) Shares Climb 25% But Its Business Is Yet to Catch Up

Here's What To Make Of Array Technologies' (NASDAQ:ARRY) Decelerating Rates Of Return

Nov 29
Here's What To Make Of Array Technologies' (NASDAQ:ARRY) Decelerating Rates Of Return

Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

Nov 08
Is It Time To Consider Buying Array Technologies, Inc. (NASDAQ:ARRY)?

Array Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On Capital

Aug 28
Array Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On Capital

What Does Array Technologies, Inc.'s (NASDAQ:ARRY) Share Price Indicate?

Aug 10
What Does Array Technologies, Inc.'s (NASDAQ:ARRY) Share Price Indicate?

Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 31% Undervaluation?

Jul 22
Is There An Opportunity With Array Technologies, Inc.'s (NASDAQ:ARRY) 31% Undervaluation?

The Return Trends At Array Technologies (NASDAQ:ARRY) Look Promising

May 11
The Return Trends At Array Technologies (NASDAQ:ARRY) Look Promising

What Array Technologies, Inc.'s (NASDAQ:ARRY) 25% Share Price Gain Is Not Telling You

Apr 17
What Array Technologies, Inc.'s (NASDAQ:ARRY) 25% Share Price Gain Is Not Telling You

Estimating The Fair Value Of Array Technologies, Inc. (NASDAQ:ARRY)

Jan 23
Estimating The Fair Value Of Array Technologies, Inc. (NASDAQ:ARRY)

Is Now An Opportune Moment To Examine Array Technologies, Inc. (NASDAQ:ARRY)?

Nov 09
Is Now An Opportune Moment To Examine Array Technologies, Inc. (NASDAQ:ARRY)?

Calculating The Intrinsic Value Of Array Technologies, Inc. (NASDAQ:ARRY)

Oct 19
Calculating The Intrinsic Value Of Array Technologies, Inc. (NASDAQ:ARRY)

Array Technologies Could Be The Next Big Infrastructure Play

Oct 12

Array Technologies: Tracking The Sun To A Triumphant Recovery

Sep 10

Array Technologies reports Q2 earnings beat; reaffirms FY22 guidance

Aug 09

Array Technologies enters settlement agreement with Nextracker, Flextronics International

Jul 21

Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 49% Discount?

Jul 09
Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 49% Discount?

Shareholder Returns

ARRYUS ElectricalUS Market
7D-1.5%1.6%-0.09%
1Y-62.6%41.3%38.6%

Return vs Industry: ARRY underperformed the US Electrical industry which returned 44.3% over the past year.

Return vs Market: ARRY underperformed the US Market which returned 39.5% over the past year.

Price Volatility

Is ARRY's price volatile compared to industry and market?
ARRY volatility
ARRY Average Weekly Movement11.6%
Electrical Industry Average Movement9.9%
Market Average Movement6.1%
10% most volatile stocks in US Market15.2%
10% least volatile stocks in US Market3.0%

Stable Share Price: ARRY's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: ARRY's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19871,013Kevin Hostetlerarraytechinc.com

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production.

Array Technologies, Inc. Fundamentals Summary

How do Array Technologies's earnings and revenue compare to its market cap?
ARRY fundamental statistics
Market capUS$1.01b
Earnings (TTM)US$16.63m
Revenue (TTM)US$1.10b

59.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARRY income statement (TTM)
RevenueUS$1.10b
Cost of RevenueUS$788.57m
Gross ProfitUS$312.65m
Other ExpensesUS$296.02m
EarningsUS$16.63m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 07, 2024

Earnings per share (EPS)0.11
Gross Margin28.39%
Net Profit Margin1.51%
Debt/Equity Ratio117.7%

How did ARRY perform over the long term?

See historical performance and comparison