S&P 500   4,265.84 (-0.52%)
DOW   33,309.53 (-0.59%)
QQQ   358.92 (+0.18%)
AAPL   172.67 (+0.85%)
MSFT   318.43 (+0.85%)
META   303.17 (+0.99%)
GOOGL   132.94 (+1.59%)
AMZN   128.60 (+1.16%)
TSLA   248.05 (-0.87%)
NVDA   443.18 (+1.88%)
NIO   8.72 (-3.54%)
BABA   86.11 (-0.73%)
AMD   101.87 (-0.92%)
T   14.68 (-2.26%)
F   12.26 (-1.29%)
MU   67.25 (-1.15%)
CGC   0.73 (-6.43%)
GE   108.48 (-1.87%)
DIS   81.30 (+0.31%)
AMC   8.09 (+1.25%)
PFE   33.70 (+1.60%)
PYPL   58.51 (+0.09%)
NFLX   378.84 (+0.33%)
S&P 500   4,265.84 (-0.52%)
DOW   33,309.53 (-0.59%)
QQQ   358.92 (+0.18%)
AAPL   172.67 (+0.85%)
MSFT   318.43 (+0.85%)
META   303.17 (+0.99%)
GOOGL   132.94 (+1.59%)
AMZN   128.60 (+1.16%)
TSLA   248.05 (-0.87%)
NVDA   443.18 (+1.88%)
NIO   8.72 (-3.54%)
BABA   86.11 (-0.73%)
AMD   101.87 (-0.92%)
T   14.68 (-2.26%)
F   12.26 (-1.29%)
MU   67.25 (-1.15%)
CGC   0.73 (-6.43%)
GE   108.48 (-1.87%)
DIS   81.30 (+0.31%)
AMC   8.09 (+1.25%)
PFE   33.70 (+1.60%)
PYPL   58.51 (+0.09%)
NFLX   378.84 (+0.33%)
S&P 500   4,265.84 (-0.52%)
DOW   33,309.53 (-0.59%)
QQQ   358.92 (+0.18%)
AAPL   172.67 (+0.85%)
MSFT   318.43 (+0.85%)
META   303.17 (+0.99%)
GOOGL   132.94 (+1.59%)
AMZN   128.60 (+1.16%)
TSLA   248.05 (-0.87%)
NVDA   443.18 (+1.88%)
NIO   8.72 (-3.54%)
BABA   86.11 (-0.73%)
AMD   101.87 (-0.92%)
T   14.68 (-2.26%)
F   12.26 (-1.29%)
MU   67.25 (-1.15%)
CGC   0.73 (-6.43%)
GE   108.48 (-1.87%)
DIS   81.30 (+0.31%)
AMC   8.09 (+1.25%)
PFE   33.70 (+1.60%)
PYPL   58.51 (+0.09%)
NFLX   378.84 (+0.33%)
S&P 500   4,265.84 (-0.52%)
DOW   33,309.53 (-0.59%)
QQQ   358.92 (+0.18%)
AAPL   172.67 (+0.85%)
MSFT   318.43 (+0.85%)
META   303.17 (+0.99%)
GOOGL   132.94 (+1.59%)
AMZN   128.60 (+1.16%)
TSLA   248.05 (-0.87%)
NVDA   443.18 (+1.88%)
NIO   8.72 (-3.54%)
BABA   86.11 (-0.73%)
AMD   101.87 (-0.92%)
T   14.68 (-2.26%)
F   12.26 (-1.29%)
MU   67.25 (-1.15%)
CGC   0.73 (-6.43%)
GE   108.48 (-1.87%)
DIS   81.30 (+0.31%)
AMC   8.09 (+1.25%)
PFE   33.70 (+1.60%)
PYPL   58.51 (+0.09%)
NFLX   378.84 (+0.33%)
NASDAQ:ARRY

Array Technologies (ARRY) Stock Forecast, Price & News

$21.13
-1.06 (-4.78%)
(As of 02:40 PM ET)
Compare
Today's Range
$21.12
$22.52
50-Day Range
$17.75
$26.32
52-Week Range
$13.86
$26.64
Volume
3.47 million shs
Average Volume
4.51 million shs
Market Capitalization
$3.19 billion
P/E Ratio
41.43
Dividend Yield
N/A
Price Target
$29.36

Array Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
38.9% Upside
$29.36 Price Target
Short Interest
Bearish
14.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of Array Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.65 M Sold Last Quarter
Proj. Earnings Growth
41.49%
From $0.94 to $1.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Oils/Energy Sector

46th out of 251 stocks

Miscellaneous Manufacturing Industries Industry

1st out of 9 stocks


ARRY stock logo

About Array Technologies (NASDAQ:ARRY) Stock

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance its energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

ARRY Price History

ARRY Stock News Headlines

Against the Grain: 2 Solar Energy Stocks Defying the Sell-Off (ARRY)
Like Icarus, solar stocks flew too close to the sun and burned out in 2023. While the S&P 500 index is trading up 20% year-to-date (YTD), the Invesco Solar ETF
Signal Says Buy Solar Stock on the Dip
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Wells Fargo Reaffirms Their Buy Rating on Array Technologies (ARRY)
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Array Technologies (ARRY) Gets a Buy from Truist Financial
Bank of America Securities Remains a Buy on Array Technologies (ARRY)
Why Array Stock Popped Today
See More Headlines
Receive ARRY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Array Technologies and its competitors with MarketBeat's FREE daily newsletter.

ARRY Company Calendar

Last Earnings
8/08/2023
Today
10/02/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous manufacturing industries
Sub-Industry
Electric Utilities
Current Symbol
NASDAQ:ARRY
CUSIP
04269X10
Fax
N/A
Employees
1,082
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.36
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+36.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$4.43 million
Pretax Margin
10.13%

Debt

Sales & Book Value

Annual Sales
$1.64 billion
Cash Flow
$1.30 per share
Book Value
$0.83 per share

Miscellaneous

Free Float
150,118,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
1.81

Social Links

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Key Executives

  • Mr. Kevin G. Hostetler (Age 55)
    CEO & Director
    Comp: $2.57M
  • Mr. Nipul A. Patel (Age 52)
    Chief Financial Officer
    Comp: $629k
  • Mr. Tyson K. Hottinger (Age 42)
    Chief Legal Officer & Gen. Counsel
    Comp: $571.48k
  • Mr. Terrance L. Collins (Age 58)
    Chief HR Officer
    Comp: $717.14k
  • Mr. Travis Rose (Age 49)
    Chief Revenue Officer
    Comp: $497.55k
  • Mr. Neil Manning (Age 52)
    Chief Operating Officer
  • Mr. Thierry Marin-Martinod
    Chief Technology Officer
  • Cody Mueller
    VP of Fin. & Investor Relations
  • Ms. Erica Brinker (Age 45)
    Chief Commercial Officer and Head of Environmental, Social & Governance













ARRY Stock - Frequently Asked Questions

Should I buy or sell Array Technologies stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last year. There are currently 1 sell rating, 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ARRY shares.
View ARRY analyst ratings
or view top-rated stocks.

What is Array Technologies' stock price forecast for 2023?

15 brokers have issued 12-month price targets for Array Technologies' shares. Their ARRY share price forecasts range from $18.00 to $38.00. On average, they anticipate the company's share price to reach $29.36 in the next twelve months. This suggests a possible upside of 36.4% from the stock's current price.
View analysts price targets for ARRY
or view top-rated stocks among Wall Street analysts.

How have ARRY shares performed in 2023?

Array Technologies' stock was trading at $19.33 at the start of the year. Since then, ARRY stock has increased by 11.4% and is now trading at $21.53.
View the best growth stocks for 2023 here
.

When is Array Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our ARRY earnings forecast
.

How were Array Technologies' earnings last quarter?

Array Technologies, Inc. (NASDAQ:ARRY) posted its quarterly earnings results on Tuesday, August, 8th. The solar tracking solution reported $0.41 EPS for the quarter, beating the consensus estimate of $0.17 by $0.24. The solar tracking solution had revenue of $507.73 million for the quarter, compared to the consensus estimate of $445.84 million. Array Technologies had a net margin of 7.02% and a trailing twelve-month return on equity of 103.27%.

What guidance has Array Technologies issued on next quarter's earnings?

Array Technologies updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $1.00-$1.07 for the period, compared to the consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.65 billion-$1.73 billion, compared to the consensus revenue estimate of $1.85 billion.

What other stocks do shareholders of Array Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Array Technologies investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), (MDVN) (MDVN), Incyte (INCY), First Solar (FSLR), Dynavax Technologies (DVAX), United Airlines (UAL), Exelixis (EXEL), (KITE) (KITE) and Omeros (OMER).

When did Array Technologies IPO?

(ARRY) raised $676 million in an IPO on Thursday, October 15th 2020. The company issued 33,800,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, JPMorgan Securities, Guggenheim Securities and Morgan Stanley served as the underwriters for the IPO and Credit Suisse, Barclays and UBS Investment Bank were co-managers.

What is Array Technologies' stock symbol?

Array Technologies trades on the NASDAQ under the ticker symbol "ARRY."

How do I buy shares of Array Technologies?

Shares of ARRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Array Technologies' stock price today?

One share of ARRY stock can currently be purchased for approximately $21.53.

How much money does Array Technologies make?

Array Technologies (NASDAQ:ARRY) has a market capitalization of $3.25 billion and generates $1.64 billion in revenue each year. The solar tracking solution earns $4.43 million in net income (profit) each year or $0.51 on an earnings per share basis.

How many employees does Array Technologies have?

The company employs 1,082 workers across the globe.

How can I contact Array Technologies?

Array Technologies' mailing address is 3901 Midway Place NE Albuquerque, NM 87109. The official website for the company is arraytechinc.com. The solar tracking solution can be reached via phone at 505-881-7567 or via email at investors@arraytechinc.com.

This page (NASDAQ:ARRY) was last updated on 10/2/2023 by MarketBeat.com Staff

My Account -