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Array Technologies (ARRY)
NASDAQ:ARRY
RESEARCH TOOLSreports
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ARRY Stock Chart & Stats
Day’s Range― - ―
52-Week Range$5.15 - $16.22
Previous CloseN/A
Volume2.06M
Average Volume (3M)5.75M
Market Cap
$1.03B
Enterprise Value$1.74B
Total Cash (Recent Filing)$40.83M
Total Debt (Recent Filing)$95.88M
Price to Earnings (P/E)―
Beta1.47
Next Earnings
Mar 11, 2025EPS Estimate
0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.98
Shares Outstanding151,942,980
10 Day Avg. Volume5,746,516
30 Day Avg. Volume5,753,124
Standard Deviation0.22
R-Squared0.12
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.03
Price to Cash Flow (P/CF)5.70
P/FCF Ratio5.80
Enterprise Value/Market Cap1.70
Enterprise Value/Revenue1.77
Enterprise Value/Gross Profit4.19
Enterprise Value/Ebitda-37.04
Forecast
1Y Price Target
$10.07Price Target Upside40.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceStronger gross margins drove higher-than-expected adjusted EBITDA, exceeding both consensus and expectations.
Market PositionManagement noted that overall domestic pipeline of opportunities was greater than three times larger than previous quarter, implying likely market share growth.
Revenue GrowthManagement expects to grow top-line revenues double digits, which is supported by backlog.
Bears Say
Financial Performance$162mn non-cash charge due to goodwill impairment related to the acquisition of STI in 2022.
Operational Challenges2024 revenue guidance was reduced, reflecting softness in Brazil, project delays, and labor constraints.
Revenue GuidanceFY revenue guidance was lowered to $910m at the midpoint, in line with the analyst's estimate, but below consensus $946m.
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Ownership Overview
0.26% Insiders
18.98% Mutual Funds
2.07% Other Institutional Investors
54.47% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ARRY FAQ
What was Array Technologies’s price range in the past 12 months?
Array Technologies lowest stock price was $5.15 and its highest was $16.22 in the past 12 months.
What is Array Technologies’s market cap?
Array Technologies’s market cap is $1.03B.
When is Array Technologies’s upcoming earnings report date?
Array Technologies’s upcoming earnings report date is Mar 11, 2025 which is in 52 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on Nov 07, 2024. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.133 by $0.037.
Is Array Technologies overvalued?
According to Wall Street analysts Array Technologies’s price is currently Undervalued.
Does Array Technologies pay dividends?
Array Technologies does not currently pay dividends.
What is Array Technologies’s EPS estimate?
Array Technologies’s EPS estimate is 0.18.
How many shares outstanding does Array Technologies have?
Array Technologies has 151,942,980 shares outstanding.
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of $0.17 in its last earnings report, beating expectations of $0.133. Following the earnings report the stock price went down -2.581%.
Which hedge fund is a major shareholder of Array Technologies?
Among the largest hedge funds holding Array Technologies’s share is Blackstone Inc.. It holds Array Technologies’s shares valued at 12M.
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Array Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$10.07 (40.64% Upside)
$10.07 (40.64% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 4.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $129.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.3%
Last 30 Days ▲ 3.5%
Last 30 Days ▲ 3.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.36%
12-Months-Change
Fundamentals
Return on Equity
-17.54%
Trailing 12-Months
Asset Growth
-12.12%
Trailing 12-Months
Company Description
Array Technologies
Array Technologies Inc manufacturers of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in United States, Australia, and Rest of the World with United States deriving majority of the revenue.
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ARRY Company Deck
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ARRY Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance, a significant order book, and innovative product launches, with a positive outlook for future growth. However, there were challenges including a revenue decline, a significant goodwill impairment, and issues in the Brazilian market.Read More>---
ARRY Stock 12 Month Forecast
Average Price Target
$10.07
▲(40.64% Upside)
Technical Analysis
First Solar
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Best Analysts Covering ARRY
1 Year
1 Year Success Rate
5/14 ratings generated profit
1 Year Average Return
+3.66%
reiterated a buy rating 8 months ago
Copying Donovan Schafer CFA's trades and holding each position for 1 Year would result in 35.71% of your transactions generating a profit, with an average return of +3.66% per trade.
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