Array Technologies Inc (ARRY)
NASDAQ:ARRY
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ARRY Stock Chart & Stats
$7.83
-$0.53(-7.65%)
At close: 4:00 PM EST
$7.83
-$0.53(-7.65%)
Day’s Range― - ―
52-Week Range$5.39 - $12.23
Previous CloseN/A
Volume2.06M
Average Volume (3M)5.99M
Market Cap
$1.23B
Enterprise Value$1.74B
Total Cash (Recent Filing)$200.70M
Total Debt (Recent Filing)$763.21M
Price to Earnings (P/E)―
Beta1.16
Next Earnings
Aug 11, 2026EPS Estimate
0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.84
Shares Outstanding153,826,390
10 Day Avg. Volume7,102,767
30 Day Avg. Volume5,994,039
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)5.40
Price to Sales (P/S)1.10
P/FCF Ratio17.62
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue1.44
Enterprise Value/Gross Profit6.11
Enterprise Value/Ebitda58.87
Forecast
1Y Price Target
$9.86Price Target Upside25.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)0.73
Revenue Forecast (FY)$1.46B
Bulls Say, Bears Say
Bulls Say
Consistent Positive Free Cash FlowArray’s trailing‑12‑month operating cash flow (~$85M) and free cash flow (~$58M) show persistent cash conversion despite GAAP losses. Durable positive FCF supports working capital, capex, and onshoring investments, improving financial flexibility through cycles and funding product rollouts without immediate external financing.
Materially De‑risked Leverage And LiquidityDebt metrics and liquidity materially improved with an expanded revolver and ~$550M available liquidity. Lower leverage and ample undrawn capacity increase resilience to project timing swings, enable strategic investments (facilities, integration), and reduce refinancing risk across the next several quarters.
Large, High‑quality Backlog And Product TractionA record $2.4B order book, ~2x book‑to‑bill and >50% of backlog from new products signal sustained commercial demand and strong product-market fit. High expected conversion (~80% over six quarters) provides multi‑quarter revenue visibility and supports scale benefits as new platforms displace legacy systems.
Bears Say
Ongoing Net Losses And Thin Operating MarginsArray remains unprofitable on a GAAP basis with TTM net margin negative and only ~0.4% EBITDA margin. Persistently weak margins limit retained earnings, keep ROE negative, and constrain the company’s ability to self‑fund expansion or weather prolonged price pressure in the utility‑scale solar cycle.
Revenue Softness In Trailing Twelve MonthsRevenue declined ~6.1% TTM, reflecting project timing and mix headwinds. Lower top‑line reduces operating leverage and makes cost absorption harder, increasing reliance on volume recovery or higher‑margin product mix to sustain profitability as large EPC/government project timings remain lumpy.
Margin Gains Partly One‑time; International Mix RiskQ1 margins included ~300bps of non‑recurring tariff/onshoring benefits; management warns H2 margins may be pressured by international ramp and increased SPI content. If one‑offs reverse or international mix deteriorates, the recent margin improvement may be transient and expose operating leverage weaknesses.
Array Technologies News
ARRY FAQ
What was Array Technologies Inc’s price range in the past 12 months?
Array Technologies Inc lowest stock price was $5.39 and its highest was $12.23 in the past 12 months.
What is Array Technologies Inc’s market cap?
Array Technologies Inc’s market cap is $1.23B.
When is Array Technologies Inc’s upcoming earnings report date?
Array Technologies Inc’s upcoming earnings report date is Aug 11, 2026 which is in 51 days.
How were Array Technologies Inc’s earnings last quarter?
Array Technologies Inc released its earnings results on May 06, 2026. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of -$0.053 by $0.113.
Is Array Technologies Inc overvalued?
According to Wall Street analysts Array Technologies Inc’s price is currently Undervalued.
Does Array Technologies Inc pay dividends?
Array Technologies Inc does not currently pay dividends.
What is Array Technologies Inc’s EPS estimate?
Array Technologies Inc’s EPS estimate is 0.12.
How many shares outstanding does Array Technologies Inc have?
Array Technologies Inc has 153,826,390 shares outstanding.
What happened to Array Technologies Inc’s price movement after its last earnings report?
Array Technologies Inc reported an EPS of $0.06 in its last earnings report, beating expectations of -$0.053. Following the earnings report the stock price went up 0.861%.
Which hedge fund is a major shareholder of Array Technologies Inc?
Currently, no hedge funds are holding shares in ARRY
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Array Technologies Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$9.86 (25.89% Upside)
$9.86 (25.89% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 329.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 4.0%
Last 30 Days ▲ 4.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
6.10%
12-Months-Change
Fundamentals
Return on Equity
-20.64%
Trailing 12-Months
Asset Growth
3.46%
Trailing 12-Months
Company Description
Array Technologies Inc
Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal alignment for solar arrays in real time to maximize energy output. This enterprise was established in 1989 and its corporate headquarters are situated in Albuquerque, New Mexico.
ARRY Company Deck
ARRY Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational momentum: meaningful sequential improvements in margins and adjusted EBITDA, a record $2.4 billion order book with ~2x book-to-bill for the second consecutive quarter, healthy volume growth (~15% QoQ), broad adoption of new products (now >50% of backlog), increased liquidity and reaffirmed full-year guidance. Offsetting items include Q1 one-time margin benefits (~300 bps), a GAAP net loss, working capital seasonality affecting near-term cash flow, and elevated logistics/commodity costs and regional macro uncertainty that could pressure margins as international volumes ramp. Overall, the positives (execution, product traction, backlog quality and liquidity) substantially outweigh the manageable near-term headwinds.View all ARRY earnings summariesARRY Stock 12 Month Forecast
Average Price Target
$9.86
▲(25.89% Upside)
Technical Analysis
Ownership Overview
0.66% Insiders
17.92% Mutual Funds
31.20% Other Institutional Investors
14.66% Public Companies and
Individual Investors