Positive News Sentiment NASDAQ:ARRY Array Technologies Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Array Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $11.68 +0.53 (+4.75%) (As of 07/6/2022 09:35 AM ET) Add Compare Share Today's Range$10.90▼$11.6850-Day Range$6.20▼$13.8852-Week Range$5.45▼$27.67Volume4,312 shsAverage Volume3.77 million shsMarket Capitalization$1.75 billionP/E RatioN/ADividend YieldN/APrice Target$17.89 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Array Technologies MarketRank™ ForecastAnalyst RatingHold2.45 Rating ScoreUpside/Downside60.5% Upside$17.89 Price TargetShort InterestHealthy10.59% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$499,875 Bought Last QuarterProj. Earnings Growth224.00%From $0.25 to $0.81 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.52 out of 5 starsOils/Energy Sector47th out of 390 stocksMiscellaneous Manufacturing Industries Industry2nd out of 20 stocks 4.2 Analyst's Opinion Consensus RatingArray Technologies has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $17.89, Array Technologies has a forecasted upside of 60.5% from its current price of $11.15.Amount of Analyst CoverageArray Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted10.59% of the outstanding shares of Array Technologies have been sold short.Short Interest Ratio / Days to CoverArray 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 monthShort interest in Array Technologies has recently decreased by 20.89%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldArray Technologies does not currently pay a dividend.Dividend GrowthArray Technologies does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ARRY. Previous Next 2.7 News and Social Media Coverage News SentimentArray Technologies has a news sentiment score of 1.89. 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 higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Array Technologies this week, compared to 2 articles on an average week.Search InterestOnly 9 people have searched for ARRY on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Array Technologies insiders have bought 257.07% more of their company's stock than they have sold. Specifically, they have bought $499,875.00 in company stock and sold $139,995.00 in company stock.Percentage Held by InsidersOnly 0.42% of the stock of Array Technologies is held by insiders.Percentage Held by Institutions95.10% of the stock of Array Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Array Technologies are expected to grow by 224.00% in the coming year, from $0.25 to $0.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is -15.49, 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. SectorThe P/E ratio of Array Technologies is -15.49, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address About Array Technologies (NASDAQ:ARRY) StockArray Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.Read More ARRY Stock News HeadlinesJune 26, 2022 | seekingalpha.comArray Technologies: Import Tariff Overhang Is Gone, It's Time To ShineJune 22, 2022 | finance.yahoo.comArray Technologies Releases 2021 Environmental, Social and Governance ReportJune 10, 2022 | finance.yahoo.comTrade Alert: The CEO & Director Of Array Technologies, Inc. (NASDAQ:ARRY), Kevin Hostetler, Has Just Spent US$500k Buying 35% More SharesJune 9, 2022 | nasdaq.comThursday 6/9 Insider Buying Report: ARRY, COSTJune 8, 2022 | finance.yahoo.comMass. leaders say Biden's boost of solar, clean tech production will help economy, environmentJune 6, 2022 | seekingalpha.comShoals, Array seen as top beneficiaries from Biden's pause on new solar tariffsJune 6, 2022 | seekingalpha.comSolar stocks shine as Biden waives new tariffs on solar panel importsJune 6, 2022 | msn.comWhy Array Technologies Stock Is Surging TodayJune 2, 2022 | finance.yahoo.comAre Investors Undervaluing Array Technologies, Inc. (NASDAQ:ARRY) By 46%?May 23, 2022 | seekingalpha.comArray Technologies, FTC Solar launched with Outperform ratings at NorthlandMay 23, 2022 | markets.businessinsider.comWhat 9 Analyst Ratings Have To Say About Array TechnologiesMay 11, 2022 | seekingalpha.comArray Technologies plunges after cutting full-year guidanceMay 11, 2022 | seekingalpha.comArray Technologies, Inc. (ARRY) CEO Kevin Hostetler on Q1 2022 Results - Earnings Call TranscriptMay 10, 2022 | za.investing.comArray Technologies Inc. Tops Q1 EPS by 8c, Offers GuidanceMay 10, 2022 | finance.yahoo.comArray Technologies, Inc. Reports Financial Results for the First Quarter 2022 – Delivers strong top-line growth, a robust backlog and continued margin progression in the legacy Array businessMay 9, 2022 | seekingalpha.comArray Technologies Q1 2022 Earnings PreviewMay 6, 2022 | nasdaq.comInteresting ARRY Put And Call Options For June 17thMay 6, 2022 | finance.yahoo.comArray Technologies to Participate at Upcoming Investor ConferencesMay 5, 2022 | nasdaq.comFirst Week of ARRY May 20th Options TradingMay 3, 2022 | nasdaq.comInteresting ARRY Put And Call Options For July 15thMay 3, 2022 | benzinga.comArray Technologies, Inc. Announces First Quarter 2022 Earnings Release Date and Conference CallMay 2, 2022 | nasdaq.comFirst Week of ARRY October 21st Options TradingMay 2, 2022 | markets.businessinsider.comWhere Array Technologies Stands With AnalystsApril 25, 2022 | finance.yahoo.comArray Technologies Statement on U.S. Department of Commerce Antidumping and Countervailing Duties InquiryApril 8, 2022 | finance.yahoo.comJ.P. Morgan Says There’s Room for Over 90% Gains in These 2 StocksSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous manufacturing industries Sub-IndustryElectric Utilities SectorOils/Energy Current SymbolNASDAQ:ARRY CUSIP04269X10 CIK1100412 Webarraytechinc.com Phone505-881-7567FaxN/AEmployees387Year FoundedN/ACompany Calendar Last Earnings5/10/2022Today7/06/2022Next Earnings (Estimated)8/10/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$17.89 High Stock Price Forecast$30.00 Low Stock Price Forecast$7.00 Forecasted Upside/Downside+53.2%Consensus RatingHold Rating Score (0-4)2.45454545454545 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.72) Trailing P/E RatioN/A Forward P/E Ratio46.72 P/E GrowthN/ANet Income$-50,400,000.00 Net Margins-7.60% Pretax Margin-11.13% Return on Equity-33.68% Return on Assets-0.64% Debt Debt-to-Equity Ratio7.18 Current Ratio1.89 Quick Ratio1.20 Sales & Book Value Annual Sales$853.32 million Price / Sales2.06 Cash Flow$0.40 per share Price / Cash Flow29.21 Book Value($0.51) per share Price / Book-22.90Miscellaneous Outstanding Shares150,180,000Free Float149,544,000Market Cap$1.75 billion OptionableOptionable Beta1.72 Social Links Array Technologies Frequently Asked Questions Should I buy or sell Array Technologies stock right now? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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. View analyst ratings for Array Technologies or view top-rated stocks. What is Array Technologies' stock price forecast for 2022? 11 brokers have issued 1-year price targets for Array Technologies' shares. Their ARRY stock forecasts range from $7.00 to $30.00. On average, they expect Array Technologies' share price to reach $17.89 in the next year. This suggests a possible upside of 53.2% from the stock's current price. View analysts' price targets for Array Technologies or view top-rated stocks among Wall Street analysts. How has Array Technologies' stock price performed in 2022? Array Technologies' stock was trading at $15.69 at the beginning of the year. Since then, ARRY shares have decreased by 25.6% and is now trading at $11.68. View the best growth stocks for 2022 here. When is Array Technologies' next earnings date? Array Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for Array Technologies. How were Array Technologies' earnings last quarter? Array Technologies, Inc. (NASDAQ:ARRY) issued its quarterly earnings results on Tuesday, May, 10th. The solar tracking solution reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The solar tracking solution had revenue of $300.59 million for the quarter, compared to analysts' expectations of $277.84 million. Array Technologies had a negative trailing twelve-month return on equity of 33.68% and a negative net margin of 7.60%. View Array Technologies' earnings history. What guidance has Array Technologies issued on next quarter's earnings? Array Technologies updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share (EPS) guidance of $0.25-$0.35 for the period, compared to the consensus estimate of $0.56. The company issued revenue guidance of $1.30 billion-$1.50 billion, compared to the consensus revenue estimate of $1.49 billion. Who are Array Technologies' key executives? Array Technologies' management team includes the following people: Mr. Ron P. Corio, Founder & Independent Director (Age 60, Pay $69.36k)Mr. Nipul A. Patel, Chief Financial Officer (Age 51, Pay $386.6k)Mr. Kenneth R. Stacherski, Chief Operations Officer (Age 51, Pay $231.72k)Mr. Tyson K. Hottinger, Chief Legal Officer & Gen. CounselMr. Kevin G. Hostetler, CEO & Director (Age 54)Mr. Thierry Marin-Martinod, Chief Technology OfficerMr. Jovan Kangrga, Chief Information OfficerCody Mueller, VP of Fin. & Investor RelationsMs. Jennifer K. Cheraso, Chief HR Officer (Age 54)Ms. Erica Brinker, Chief Commercial Officer and Head of Environmental, Social & Governance Who are some of Array Technologies' key competitors? Some companies that are related to Array Technologies include NextEra Energy (NEE), Duke Energy (DUK), Southern (SO), Eversource Energy (ES), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), PPL (PPL), Pinnacle West Capital (PNW), OGE Energy (OGE), IDACORP (IDA), Hawaiian Electric Industries (HE), Portland General Electric (POR), PNM Resources (PNM) and ALLETE (ALE). View all of ARRY's competitors. 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 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. 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 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 $11.68. How much money does Array Technologies make? Array Technologies (NASDAQ:ARRY) has a market capitalization of $1.75 billion and generates $853.32 million in revenue each year. The solar tracking solution earns $-50,400,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis. How many employees does Array Technologies have? Array Technologies employs 387 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 Array Technologies is arraytechinc.com. The solar tracking solution can be reached via phone at 505-881-7567 or via email at investors@arraytechinc.com. 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