Array Technologies (ARRY) Stock Price, News & Analysis

Company Overview

Array Technologies, Inc. (NASDAQ: ARRY) is a leading designer and manufacturer of ground-mounted solar tracking systems for utility-scale photovoltaic projects. Headquartered in Albuquerque, New Mexico, the company specializes in single-axis trackers that pivot solar panels to follow the sun’s path, helping to maximize energy production. Its flagship products, the DuraTrack® HZ v3 and HZ v4, feature simplified foundations and modular components, enabling faster installation and reduced maintenance over the life of a project. Array also offers advanced monitoring software and field service support to optimize system performance.

Founded in 1989, Array Technologies initially served the oil and gas industry before diversifying into renewable energy in the mid-2000s. Since then, the company has grown to become one of the world’s largest solar tracker suppliers. Its manufacturing operations are centered in the United States, with facilities in New Mexico that support custom engineering and just-in-time delivery. Array’s vertically integrated model encompasses in-house R&D, production, supply chain management and field services, ensuring consistent quality control and scalability for large-scale solar developments.

Array’s products have been deployed across more than a dozen countries, including the United States, Canada, Australia, Spain, and the Middle East. The company serves a diverse customer base of independent power producers, utilities and engineering, procurement and construction (EPC) contractors. By tailoring tracker designs to regional site conditions—such as soil type, climate and terrain—Array Technologies helps clients meet performance targets while adhering to local regulations and permitting requirements.

The company is led by a management team with extensive expertise in renewable energy and industrial manufacturing. President and Chief Executive Officer Bob Galantucci brings over two decades of experience in solar project execution, while Chief Financial Officer Eric Boehl oversees strategic growth and capital allocation. With a focus on innovation, reliability and operational efficiency, Array continues to expand its global footprint and advance its tracker technology to support the accelerating shift toward clean energy generation.

Key Stats

• Today's Range: $7.24 to $7.83
• 50-Day Range: $4.78 to $8.44
• 52-Week Range: $3.76 to $12.06
• Volume: 6.67 million shs
• Average Volume: 6.40 million shs
• Market Capitalization: $1.18 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.13
• Consensus Rating: Hold

Array Technologies Stock Analysis - MarketRank™

Array Technologies scored higher than 69% of companies evaluated by MarketBeat, and ranked 109th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Array Technologies has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 11 buy ratings, 12 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Array Technologies has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 25.00%

Earnings Growth

Earnings for Array Technologies are expected to grow by 25.00% in the coming year, from $0.56 to $0.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Array Technologies is -4.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Array Technologies is -4.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Array Technologies has a PEG Ratio of 0.60. PEG Ratios below 1 indicate that a company could be undervalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

13.33% of the float of Array Technologies has been sold short.

Short Interest Ratio / Days to Cover

Array Technologies has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Array Technologies has recently decreased by 3.48%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Array Technologies does not currently pay a dividend.

Dividend Growth

Array Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.33% of the float of Array Technologies has been sold short.

Short Interest Ratio / Days to Cover

Array Technologies has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Array Technologies has recently decreased by 3.48%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.04

News Sentiment

Array Technologies has a news sentiment score of 0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Array Technologies this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for ARRY on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

MarketBeat Follows

4 people have added Array Technologies to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Array Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.45% of the stock of Array Technologies is held by insiders.

ARRY Stock Analysis - Frequently Asked Questions

How have ARRY shares performed this year?

Array Technologies' stock was trading at $6.04 on January 1st, 2025. Since then, ARRY shares have increased by 28.3% and is now trading at $7.75.

How were Array Technologies' earnings last quarter?

Array Technologies, Inc. (NASDAQ:ARRY) announced its quarterly earnings data on Tuesday, May, 6th. The solar tracking solution reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The business's quarterly revenue was up 97.1% compared to the same quarter last year.
Read the conference call transcript.

When did Array Technologies IPO?

Array Technologies (ARRY) raised $676 million in an initial public offering (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Array Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Array Technologies investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Voya Infrastructure, Industrials and Materials Fund (IDE), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD) and First Solar (FSLR).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electric Utilities
• Current Symbol: NASDAQ:ARRY
• CIK: 1820721
• Web: arraytechinc.com
• Phone: 505-881-7567
• Fax: N/A
• Employees: 470
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.13
• High Stock Price Target: $14.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +17.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.48
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 13.84
• P/E Growth: 0.6
• Net Income: -$240.39 million
• Net Margins: -21.21%
• Pretax Margin: -21.67%
• Return on Equity: 1,227.67%
• Return on Assets: 9.83%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.39
• Quick Ratio: 1.93

Sales & Book Value

• Annual Sales: $915.81 million
• Price / Sales: 1.29
• Cash Flow: $2.83 per share
• Price / Cash Flow: 2.74
• Book Value: ($0.78) per share
• Price / Book: -9.94

Miscellaneous

• Outstanding Shares: 152,550,000
• Free Float: 151,861,000
• Market Cap: $1.18 billion
• Optionable: Optionable
• Beta: 1.74