Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. More Details
High growth potential with questionable track record.
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 +/- 9% a week.
Volatility Over Time: ARRY's weekly volatility (9%) has been stable over the past year.
7 Day Return
1 Year Return
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.
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
4 weeks ago | Simply Wall StArray Technologies' (NASDAQ:ARRY) Solid Profits Have Weak Fundamentals
1 month ago | Simply Wall StShould You Take Comfort From Insider Transactions At Array Technologies, Inc. (NASDAQ:ARRY)?
2 months ago | Simply Wall StIs Array Technologies, Inc. (NASDAQ:ARRY) Popular Amongst Insiders?
Is Array Technologies undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ARRY ($29.07) is trading above our estimate of fair value ($16.19)
Significantly Below Fair Value: ARRY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ARRY is poor value based on its PE Ratio (59.8x) compared to the US Electrical industry average (30.4x).
PE vs Market: ARRY is poor value based on its PE Ratio (59.8x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: ARRY is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: ARRY has negative assets, so we can't compare its PB Ratio to the US Electrical industry average.
How is Array Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARRY's forecast earnings growth (26% per year) is above the savings rate (2%).
Earnings vs Market: ARRY's earnings (26% per year) are forecast to grow faster than the US market (18.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ARRY's revenue (14.4% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: ARRY's revenue (14.4% 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 (57%).
How has Array Technologies performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: ARRY has a high level of non-cash earnings.
Growing Profit Margin: ARRY's current net profit margins (6.8%) are higher than last year (6.2%).
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 (47%) exceeded the Electrical industry -8.9%.
Return on Equity
High ROE: ARRY's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Array Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: ARRY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ARRY has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ARRY has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ARRY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ARRY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ARRY's interest payments on its debt are well covered by EBIT (8x coverage).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Fusaro (57 yo)
Mr. James M. Fusaro, also known as Jim, has been Chief Executive Officer at Array Technologies, Inc since June 19, 2018 and also serves as its Director. Mr. Fusaro served as Executive Vice President of Ass...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD3.11M) is below average for companies of similar size in the US market ($USD5.09M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: ARRY's management team is considered experienced (2.7 years average tenure).
Experienced Board: ARRY's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Dilution of Shares: ARRY only recently listed within the past 12 months.
Array Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Array Technologies, Inc.
- Ticker: ARRY
- Exchange: NasdaqGM
- Founded: 1989
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$3.266b
- Shares outstanding: 126.99m
- Website: https://arraytechinc.com
Number of Employees
- Array Technologies, Inc.
- 3901 Midway Place NE
- New Mexico
- United States
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis so...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/15 23:47|
|End of Day Share Price||2021/04/15 00:00|
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.