Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 1.06B | 915.81M | 1.58B | 1.64B | 853.32M | 872.66M |
Gross Profit | 310.14M | 297.68M | 415.55M | 227.28M | 82.86M | 202.80M |
EBITDA | -169.10M | -162.97M | 276.21M | 81.21M | 300.00K | 149.13M |
Net Income | -225.81M | -240.39M | 137.24M | 4.43M | -50.40M | 59.07M |
Balance Sheet | ||||||
Total Assets | 1.43B | 1.43B | 1.71B | 1.71B | 1.14B | 656.02M |
Cash, Cash Equivalents and Short-Term Investments | 348.32M | 362.99M | 249.08M | 133.90M | 367.67M | 108.44M |
Total Debt | 678.99M | 692.58M | 707.64M | 769.60M | 721.26M | 428.28M |
Total Liabilities | 1.10B | 1.14B | 1.10B | 1.28B | 974.72M | 736.92M |
Stockholders Equity | 323.60M | 288.83M | 610.51M | 423.85M | 168.26M | -80.90M |
Cash Flow | ||||||
Free Cash Flow | 74.88M | 146.68M | 214.97M | 130.87M | -266.54M | -123.54M |
Operating Cash Flow | 93.42M | 153.98M | 231.96M | 141.49M | -263.19M | -122.20M |
Investing Cash Flow | -9.54M | -9.57M | -16.82M | -384.44M | -15.33M | -1.34M |
Financing Cash Flow | -8.99M | -11.84M | -101.76M | 8.44M | 537.75M | -129.27M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
70 Neutral | $999.71M | 52.92 | 3.43% | ― | -18.10% | -36.91% | |
63 Neutral | £566.00M | 24.41 | -6.00% | 2.49% | 3.52% | -29.29% | |
60 Neutral | $1.22B | 118.10 | -9.49% | 5.45% | -30.26% | -156.69% | |
56 Neutral | $1.06B | ― | -49.11% | ― | -21.31% | -593.57% | |
54 Neutral | $838.49M | 20.05 | -0.39% | ― | -19.06% | -104.91% | |
53 Neutral | $1.39B | ― | -121.50% | ― | -57.89% | -559.87% | |
46 Neutral | $65.05M | ― | 307.38% | ― | -54.68% | 63.56% |
On June 27, 2025, Array Technologies announced the successful closing of its $345 million upsized offering of 2.875% convertible senior notes due July 2031. This strategic financial move aims to strengthen the company’s capital structure by refinancing higher-cost debt and repurchasing a portion of its 2028 convertible notes at a discount. The transaction is expected to enhance financial flexibility, extend the maturity of its credit facility, and generate approximately $9 million in annual net interest expense savings, thereby delivering sustainable value and minimizing shareholder dilution.
The most recent analyst rating on (ARRY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.
On June 24, 2025, Array Technologies announced the pricing of its upsized offering of $300 million in convertible senior notes due 2031, with an interest rate of 2.875% per annum. The proceeds will be used to repay existing debt, fund capped call transactions, and repurchase existing convertible notes, aiming to strengthen the company’s financial position and reduce potential stock dilution.
The most recent analyst rating on (ARRY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.
On June 24, 2025, Array Technologies announced its intention to offer $250 million in convertible senior notes due 2031 in a private placement to qualified institutional buyers, subject to market conditions. The proceeds are intended to repay existing debt, fund capped call transactions, and support general corporate purposes. This move is expected to impact the company’s stock market activity and financial positioning, potentially affecting the market price of its common stock and the conversion dynamics of the notes.
The most recent analyst rating on (ARRY) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.
On June 17, 2025, Array Technologies announced its acquisition of APA Solar, LLC, a company specializing in engineered foundation solutions and fixed-tilt mounting systems for solar projects. The acquisition, valued at approximately $179 million, aims to expand Array’s product portfolio and address challenging soil conditions with an integrated tracker and foundation system. This strategic move is expected to enhance Array’s market position by increasing its addressable market by nearly 40% and is anticipated to be accretive to Array’s adjusted EPS in the first year. The transaction is set to close in the third quarter of 2025, pending regulatory approval and customary closing conditions.
The most recent analyst rating on (ARRY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.
On May 20, 2025, Array Technologies held its 2025 Annual Meeting of Stockholders where two board members, Jayanthi Iyengar and Tracy Jokinen, were elected for three-year terms. Additionally, Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025. However, a non-binding advisory proposal regarding executive compensation did not receive majority support, indicating potential shareholder concerns over executive pay.
The most recent analyst rating on (ARRY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Array Technologies stock, see the ARRY Stock Forecast page.