NasdaqGM:ARRY

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Executive Summary

Array Technologies, Inc. provides solar tracking solutions and services for utility-scale projects. More Details

Rewards

Earnings are forecast to grow 18.53% per year

Earnings grew by 551.1% over the past year

Risk Analysis

No risks detected for ARRY from our risk checks.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Array Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARRY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: Insufficient data to determine ARRY's volatility change over the past year.


Market Performance


7 Day Return

5.4%

ARRY

1.6%

US Electrical

2.6%

US Market


1 Year Return

n/a

ARRY

53.1%

US Electrical

26.0%

US Market

Return vs Industry: Insufficient data to determine how ARRY performed against the US Electrical industry.

Return vs Market: Insufficient data to determine how ARRY performed against the US Market.


Shareholder returns

ARRYIndustryMarket
7 Day5.4%1.6%2.6%
30 Day9.6%11.1%5.1%
90 Day27.4%34.7%17.1%
1 Yearn/a56.3%53.1%28.9%26.0%
3 Yearn/a69.7%59.9%46.3%36.6%
5 Yearn/a135.2%116.5%126.9%101.6%

Long-Term Price Volatility Vs. Market

How volatile is Array Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Array Technologies undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: ARRY ($48.4) is trading above our estimate of fair value ($28.65)

Significantly Below Fair Value: ARRY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate ARRY's PE Ratio to determine if it is good value compared to the US Electrical industry average.

PE vs Market: Insufficient data to calculate ARRY's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARRY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate ARRY's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is Array Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARRY's forecast earnings growth (18.5% per year) is above the savings rate (2%).

Earnings vs Market: ARRY's earnings (18.5% per year) are forecast to grow slower than the US market (21.5% per year).

High Growth Earnings: ARRY's earnings are forecast to grow, but not significantly.

Revenue vs Market: ARRY's revenue (13.7% per year) is forecast to grow faster than the US market (10.6% per year).

High Growth Revenue: ARRY's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ARRY's Return on Equity is forecast to be very high in 3 years time (62.2%).


Next Steps

Past Performance

How has Array Technologies performed over the past 5 years?

551.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ARRY has high quality earnings.

Growing Profit Margin: ARRY's current net profit margins (10.4%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ARRY's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ARRY's past year earnings growth to its 5-year average.

Earnings vs Industry: ARRY earnings growth over the past year (551.1%) exceeded the Electrical industry -18.5%.


Return on Equity

High ROE: ARRY's Return on Equity (25.3%) is considered high.


Next Steps

Financial Health

How is Array Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ARRY's short term assets ($264.6M) exceed its short term liabilities ($146.7M).

Long Term Liabilities: ARRY's short term assets ($264.6M) exceed its long term liabilities ($28.3M).


Debt to Equity History and Analysis

Debt Level: ARRY's debt to equity ratio (0.03%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ARRY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ARRY's debt is well covered by operating cash flow (167738.2%).

Interest Coverage: ARRY's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Array Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ARRY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ARRY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ARRY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARRY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ARRY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Jim Fusaro (57 yo)

2.58yrs

Tenure

US$3,504,346

Compensation

Mr. James M. Fusaro, also known as Jim, has been Chief Executive Officer at Array Technologies, Inc since June 19, 2018 and serves as its Director. Mr. Fusaro served as Executive Vice President of Assembly...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD3.50M) is below average for companies of similar size in the US market ($USD6.39M).

Compensation vs Earnings: Insufficient data to compare Jim's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
James Fusaro
CEO & Director2.58yrsUS$3.50m0.97%
$ 59.7m
Stuart Bolland
Chief Operating Officer2.33yrsUS$1.26m0.35%
$ 21.4m
Jeffrey Krantz
Chief Commercial Officer4yrsUS$1.31m0.28%
$ 17.3m
Brad Forth
Executive Chairman4.5yrsno data0.76%
$ 46.8m
Ron Corio
Founder & Directorno datano data9.99%
$ 614.0m
Nipul Patel
Chief Financial Officer1.75yrsno data0.33%
$ 20.1m
Lucas Creasy
CTO & VP of Engineering0.50yrno data0.015%
$ 928.7k
Jovan Kangrga
Chief Information Officer1yrno datano data
Charlotte MacVane
General Counsel & Chief Legal Officer3.5yrsno data0.061%
$ 3.7m
Jennifer Cheraso
Chief Human Resources Officer1.92yrsno data0.020%
$ 1.2m

2.5yrs

Average Tenure

51yo

Average Age

Experienced Management: ARRY's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Fusaro
CEO & Director2.58yrsUS$3.50m0.97%
$ 59.7m
Brad Forth
Executive Chairman4.5yrsno data0.76%
$ 46.8m
Ron Corio
Founder & Directorno datano data9.99%
$ 614.0m
Troy Alstead
Independent Director1yrno data0.0036%
$ 220.0k
Orlando Ashford
Independent Director1yrno data0.0036%
$ 220.0k
Jason Lee
Director1yrno datano data
Frank Cannova
Director1yrno datano data
Peter Jonna
Director1yrno datano data

1.0yrs

Average Tenure

55yo

Average Age

Experienced Board: ARRY's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ARRY only recently listed within the past 12 months.


Top Shareholders

Company Information

Array Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Array Technologies, Inc.
  • Ticker: ARRY
  • Exchange: NasdaqGM
  • Founded: 1989
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$6.147b
  • Shares outstanding: 126.99m
  • Website: https://arraytechinc.com

Number of Employees


Location

  • Array Technologies, Inc.
  • 3901 Midway Place NE
  • Albuquerque
  • New Mexico
  • 87109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARRYNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2020

Biography

Array Technologies, Inc. provides solar tracking solutions and services for utility-scale projects. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learn...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 23:50
End of Day Share Price2021/01/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.