Array Technologies Stock Forecast, Price & News

13 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, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Array Technologies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARRY, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Array Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Array Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Array Technologies saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 3,580,000 shares, a decline of 21.0% from the May 13th total of 4,530,000 shares. Based on an average daily volume of 4,290,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the company's stock are short sold.
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Array Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Array Technologies.

Array Technologies, Inc. (NASDAQ:ARRY) released its quarterly earnings data on Monday, May, 10th. The solar tracking solution reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.01. The solar tracking solution had revenue of $245.90 million for the quarter, compared to the consensus estimate of $238.86 million. The business's revenue for the quarter was down 43.8% compared to the same quarter last year.
View Array Technologies' earnings history.

Array Technologies' stock was trading at $47.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ARRY shares have decreased by 66.4% and is now trading at $16.09.
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13 brokerages have issued twelve-month price objectives for Array Technologies' shares. Their forecasts range from $15.00 to $54.00. On average, they expect Array Technologies' share price to reach $36.17 in the next twelve months. This suggests a possible upside of 124.8% from the stock's current price.
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Some companies that are related to Array Technologies include NextEra Energy (NEE), Duke Energy (DUK), The Southern (SO), Eversource Energy (ES), PPL (PPL), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM) and ALLETE (ALE).
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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).

(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 acted as the underwriters for the IPO and Credit Suisse, Barclays and UBS Investment Bank were co-managers.

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

Array Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.92%), JPMorgan Chase & Co. (5.87%), Zimmer Partners LP (4.06%), BlackRock Inc. (3.49%), Bank of New York Mellon Corp (2.84%) and Ameriprise Financial Inc. (2.68%). Company insiders that own Array Technologies stock include Ati Investment Parent, Llc, Charlotte A Macvane, James Macmillan Fusaro, John Bradford Forth, Lucas D Creasy, Nipul M Patel and Stuart M Bolland.
View institutional ownership trends for Array Technologies.

ARRY stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Zimmer Partners LP, Alyeska Investment Group L.P., Neuberger Berman Group LLC, Arrowstreet Capital Limited Partnership, AGF Investments Inc., Phoenix Holdings Ltd., and Holocene Advisors LP.
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ARRY stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FIL Ltd, BlackRock Inc., Ameriprise Financial Inc., Bank of New York Mellon Corp, Price T Rowe Associates Inc. MD, Artisan Partners Limited Partnership, and Schroder Investment Management Group. Company insiders that have bought Array Technologies stock in the last two years include Charlotte A Macvane, James Macmillan Fusaro, John Bradford Forth, Lucas D Creasy, Nipul M Patel, and Stuart M Bolland.
View insider buying and selling activity for Array Technologies or or view top insider-buying stocks.

Shares of ARRY 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.
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One share of ARRY stock can currently be purchased for approximately $16.09.

Array Technologies has a market capitalization of $2.04 billion and generates $872.66 million in revenue each year. The solar tracking solution earns $59.07 million in net income (profit) each year or $0.90 on an earnings per share basis.

Array Technologies employs 387 workers across the globe.

The official website for Array Technologies is arraytechinc.com.

Array Technologies is headquartered at 3901 Midway Place NE Albuquerque, NM 87109.

Array Technologies' mailing address is 3901 Midway Place NE Albuquerque, NM 87109. The solar tracking solution can be reached via phone at 303-381-6600 or via email at [email protected]