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Array Technologies NasdaqGM:ARRY Stock Report

Last Price

US$13.64

Market Cap

US$2.0b

7D

-1.0%

1Y

-25.5%

Updated

28 Feb, 2024

Data

Company Financials +

Array Technologies, Inc.

NasdaqGM:ARRY Stock Report

Market Cap: US$2.0b

ARRY Stock Overview

Array Technologies, Inc. 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

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$13.64
52 Week HighUS$26.64
52 Week LowUS$12.52
Beta1.65
1 Month Change0.44%
3 Month Change-11.83%
1 Year Change-25.46%
3 Year Change-63.23%
5 Year Changen/a
Change since IPO-62.58%

Recent News & Updates

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

Recent updates

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?

Array Technologies: Import Tariff Overhang Is Gone, It's Time To Shine

Jun 26

Array Technologies: On The Scrap Heap

Apr 11

Array Technologies: Severely Unloved And Undervalued

Feb 01

Array Technologies: No Sunshine Yet

Jan 12

Array Technologies (NASDAQ:ARRY) Might Be Having Difficulty Using Its Capital Effectively

Dec 06
Array Technologies (NASDAQ:ARRY) Might Be Having Difficulty Using Its Capital Effectively

Array Technologies: A Bright Future Put Into Disarray

Oct 24

Array Technologies Stock Offers Potential For Growth At A Discounted Value

Sep 17

Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 23% Discount?

Jul 06
Is Array Technologies, Inc. (NASDAQ:ARRY) Trading At A 23% Discount?

Array Technologies: A Mispriced Opportunity In Alternative Energy

Jul 05

Shareholder Returns

ARRYUS ElectricalUS Market
7D-1.0%2.6%2.1%
1Y-25.5%17.2%26.0%

Return vs Industry: ARRY underperformed the US Electrical industry which returned 15.6% over the past year.

Return vs Market: ARRY underperformed the US Market which returned 25.1% over the past year.

Price Volatility

Is ARRY's price volatile compared to industry and market?
ARRY volatility
ARRY Average Weekly Movement8.2%
Electrical Industry Average Movement10.3%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: ARRY's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19891,058Kevin Hostetlerhttps://arraytechinc.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 include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver 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 its 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$2.03b
Earnings (TTM)US$58.54m
Revenue (TTM)US$1.64b

35.2x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARRY income statement (TTM)
RevenueUS$1.64b
Cost of RevenueUS$1.21b
Gross ProfitUS$422.76m
Other ExpensesUS$364.23m
EarningsUS$58.54m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.39
Gross Margin25.83%
Net Profit Margin3.58%
Debt/Equity Ratio113.2%

How did ARRY perform over the long term?

See historical performance and comparison
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