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Array Technologies (ARRY)
NASDAQ:ARRY
Array Technologies (ARRY) Stock Price & Analysis
1,187 Followers
ARRY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.82 - $26.64
Previous Close$11.27
Volume5.81M
Average Volume (3M)5.76M
Market Cap
$1.71B
Enterprise Value$2.14B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)21.0
Beta2.04
Next Earnings
May 09, 2024EPS Estimate
-$0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.54
Shares Outstanding151,288,159
10 Day Avg. Volume5,476,732
30 Day Avg. Volume5,758,985
Standard Deviation0.23
R-Squared0.13
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-3.24
Price to Sales (P/S)1.08
Price to Cash Flow (P/CF)4.50
P/FCF Ratio4.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$19.64Price Target Upside68.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Competitive AdvantageThe Company enjoys significant patent protection on its technology and is the only supplier of single-row trackers in the market.
Financial PerformanceArray Technologies is one of the few companies in the sector that is already free cash flow positive.
Market GrowthExpectations of global demand for solar trackers doubling by the end of the decade.
Bears Say
Financial PerformanceGuidance for 2024 revenues implies a significant year-over-year decline.
Market ShareRecent results and guidance suggest a reduction in market share.
Stock PerformanceShares of ARRY materially underperformed both the index NEX and its closest peer NXT.
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Ownership Overview
1.11% Insiders
23.62% Mutual Funds
24.14% Other Institutional Investors
51.13% 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 $10.82 and its highest was $26.64 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 May 09, 2024 which is in 16 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on Feb 27, 2024. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.111 by $0.099.
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 -$0.04.
How many shares outstanding does Array Technologies have?
Array Technologies has 151,726,320 shares outstanding.
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of $0.21 in its last earnings report, beating expectations of $0.111. Following the earnings report the stock price went up 3.372%.
Which hedge fund is a major shareholder of Array Technologies?
Among the largest hedge funds holding Array Technologies’s share is ACK Asset Management LLC. It holds Array Technologies’s shares valued at 37M.
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Array Technologies Stock Smart Score
Underperform
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$19.64 (68.01% Upside)
$19.64 (68.01% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 969.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $100.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.7%
Last 30 Days ▼ 6.7%
Last 30 Days ▼ 6.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.40%
12-Months-Change
Fundamentals
Return on Equity
25.81%
Trailing 12-Months
Asset Growth
0.04%
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
Q4 2024
0:00 / 0:00
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ARRY Stock 12 Months Forecast
Average Price Target
$19.64
▲(68.01% Upside)
Technical Analysis
Best Analysts Covering ARRY
1 Year
1 Year Success Rate
5/13 ratings generated profit
1 Year Average Return
+17.42%
reiterated a buy rating 2 months ago
Copying Donovan Schafer CFA's trades and holding each position for 1 Year would result in 38.46% of your transactions generating a profit, with an average return of +17.42% per trade.
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