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Array Technologies (ARRY)
NASDAQ:ARRY
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ARRY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.56 - $20.15
Previous Close$6.33
Volume1.71M
Average Volume (3M)6.48M
Market Cap
$986.11M
Enterprise Value$1.31B
Total Cash (Recent Filing)$332.37M
Total Debt (Recent Filing)$676.37M
Price to Earnings (P/E)―
Beta1.56
Next Earnings
Mar 11, 2025EPS Estimate
$0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.98
Shares Outstanding151,942,981
10 Day Avg. Volume10,219,366
30 Day Avg. Volume6,482,957
Standard Deviation0.22
R-Squared0.12
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)15.17
Price to Sales (P/S)0.94
Price to Cash Flow (P/CF)5.20
P/FCF Ratio5.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.33
Enterprise Value/Gross Profit3.14
Enterprise Value/Ebitda-27.81
Forecast
1Y Price Target
$10.29Price Target Upside58.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Market PositionManagement noted that overall domestic pipeline of opportunities was >3x larger than previous quarter, implying likely market share growth in 2025.
Revenue GrowthManagement expects to grow top-line revenues double digits next year, which is supported by backlog.
ValuationARRY trades at a significant discount to the historical multiple and to peers in the Clean Energy and broader industrial markets, which is attractive for a company with mid-20s gross margins (excluding 45x credits) and in a utility-scale industry forecast to grow at HSD+ CAGR over the next several years.
Bears Say
Goodwill Impairment$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
18.44% Mutual Funds
46.72% Other Institutional Investors
11.35% 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 $5.56 and its highest was $20.15 in the past 12 months.
What is Array Technologies’s market cap?
Currently, no data Available
When is Array Technologies’s upcoming earnings report date?
Array Technologies’s upcoming earnings report date is Mar 11, 2025 which is in 108 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 $0.19.
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:
$10.29 (58.55% Upside)
$10.29 (58.55% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 4.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $100.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 4.0%
Last 30 Days ▲ 4.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-58.51%
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
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ARRY Stock 12 Month Forecast
Average Price Target
$10.29
▲(58.55% Upside)
Technical Analysis
Best Analysts Covering ARRY
1 Year
1 Year Success Rate
5/14 ratings generated profit
1 Year Average Return
+3.25%
reiterated a buy rating 7 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 +3.25% per trade.
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