Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Array Technologies (DE:9AY)
FRANKFURT:9AY
Array Technologies (9AY) Stock Price & Analysis
4 Followers
9AY Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€9.79 - €24.88
Previous Close€11.76
Volume0.00
Average Volume (3M)204.00
Market Cap
€1.90B
Enterprise Value€2.30B
Total Cash (Recent Filing)$249.08M
Total Debt (Recent Filing)$682.42M
Price to Earnings (P/E)―
Beta1.87
Next Earnings
Aug 06, 2024EPS Estimate
€0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding151,769,152
10 Day Avg. Volume7
30 Day Avg. Volume204
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)-3.87
Price to Sales (P/S)1.13
Price to Cash Flow (P/CF)10.90
P/FCF Ratio32.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.46
Enterprise Value/Gross Profit5.53
Enterprise Value/Ebitda13.34
Forecast
1Y Price Target
€17.44Price Target Upside48.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Bookings And Market ShareArray's significant increase in bookings and backlog demonstrates market confidence and suggests potential market share gains.
Financial PerformanceAnalyst highlights Array's robust financial performance as Q1 revenues and gross margins exceeded market expectations, signaling strong operational efficiency.
Guidance And ExecutionAnalyst acknowledges Array's reaffirmation of its 2024 guidance coupled with a record high backlog, indicating a positive outlook and consistent execution.
Bears Say
GuidanceGuidance for 2024 revenues implies a significant year-over-year decline.
Market ShareAnalyst is concerned by a projected -16% year-over-year decline in 2024 revenues for ARRY, indicating potential ceding of market share.
Supply ChainProjects delays will continue with some customers signaling permitting/interconnection challenges, longer financing timelines, and supply chains constraints.
---
Options Prices
Currently, No data available
---
Ownership Overview
0.00% Insiders
0.00% Mutual Funds
46.84% Other Institutional Investors
53.16% Public Companies and
Individual Investors
9AY FAQ
What was Array Technologies’s price range in the past 12 months?
Array Technologies lowest stock price was €9.79 and its highest was €24.88 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 Aug 06, 2024 which is in 71 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on May 09, 2024. The company reported €0.055 earnings per share for the quarter, beating the consensus estimate of -€0.032 by €0.087.
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 €0.1.
How many shares outstanding does Array Technologies have?
Currently, no data Available
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of €0.055 in its last earnings report, beating expectations of -€0.032. Following the earnings report the stock price went up 10.849%.
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 39M.
---
Array Technologies Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
€17.44 (48.34% Upside)
€17.44 (48.34% Upside)
Blogger Sentiment
Bullish
DE:9AY Sentiment 100%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $100.6K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.58%
12-Months-Change
Fundamentals
Return on Equity
19.64%
Trailing 12-Months
Asset Growth
-9.19%
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.
---
9AY Company Deck
---
9AY Earnings Call
Q1 2024
0:00 / 0:00
---
9AY Stock 12 Month Forecast
Average Price Target
€17.44
▲(48.34% Upside)
Technical Analysis
Array Technologies
―
Canadian Solar
―
SunPower
―
SolarEdge Technologies
―
First Solar
―
Best Analysts Covering 9AY
1 Year
1 Year Success Rate
6/14 ratings generated profit
1 Year Average Return
+21.24%
reiterated a buy rating 17 days ago
Copying Donovan Schafer CFA's trades and holding each position for 1 Year would result in 42.86% of your transactions generating a profit, with an average return of +21.24% per trade.
---