Most-Downgraded StocksMost-DowngradedNASDAQ:ARRY Array Technologies (ARRY) Stock Price, News & Analysis $6.25 -0.33 (-5.02%) (As of 10/23/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Array Technologies Stock (NASDAQ:ARRY) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Array Technologies alerts:Sign Up Key Stats Today's Range$6.15▼$6.5550-Day Range$5.69▼$7.2152-Week Range$5.56▼$20.15Volume4.91 million shsAverage Volume5.70 million shsMarket Capitalization$948.56 millionP/E Ratio52.09Dividend YieldN/APrice Target$12.73Consensus RatingHold Company OverviewArray 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 portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers 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 energy production. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.Read More… 24/7 Automated Profits in Crypto (Ad)The 4th quarter of 2024 is shaping up to be one of the most explosive periods for crypto in recent memory. But here’s the thing: most people won’t be able to keep up with the pace of the market. That’s why I want to tell you about WaveBot – an automated trading tool created by my good friends Joel and Adam.Register for the FREE Workshop Now & get $10 in Bitcoin Array Technologies Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks64th Percentile Overall ScoreARRY MarketRank™: Array Technologies scored higher than 64% of companies evaluated by MarketBeat, and ranked 141st out of 254 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.2 / 5Analyst RatingHold Consensus RatingArray Technologies has received a consensus rating of Hold. The company's average rating score is 2.48, and is based on 12 buy ratings, 10 hold ratings, and 1 sell rating.Amount of Analyst CoverageArray Technologies has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Array Technologies' stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth46.67% Earnings GrowthEarnings for Array Technologies are expected to grow by 46.67% in the coming year, from $0.60 to $0.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is 52.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Array Technologies is 52.09, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.68.Price to Earnings Growth RatioArray Technologies has a PEG Ratio of 1.12. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioArray Technologies has a P/B Ratio of 3.65. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Array Technologies' valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted21.45% 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 5.6.Change versus previous monthShort interest in Array Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldArray Technologies does not currently pay a dividend.Dividend GrowthArray Technologies does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted21.45% 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 5.6.Change versus previous monthShort interest in Array Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly. News and Social Media1.6 / 5News Sentiment-0.18 News SentimentArray Technologies has a news sentiment score of -0.18. 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 0.42 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Array Technologies this week, compared to 3 articles on an average week.Search Interest8 people have searched for ARRY on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Company Ownership0.0 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Array Technologies insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.31% of the stock of Array Technologies is held by insiders.Read more about Array Technologies' insider trading history. 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 ARRY Stock News HeadlinesNASA begins new deployable solar array tech demo on Pathfinder spacecraftOctober 23 at 4:35 PM | msn.comArray Technologies price target lowered to $7 from $8 at Piper SandlerOctober 23 at 11:30 AM | markets.businessinsider.com24/7 Automated Profits in CryptoThe 4th quarter of 2024 is shaping up to be one of the most explosive periods for crypto in recent memory. But here’s the thing: most people won’t be able to keep up with the pace of the market. That’s why I want to tell you about WaveBot – an automated trading tool created by my good friends Joel and Adam.October 24, 2024 | Crypto Swap Profits (Ad)Array Technologies (ARRY) Receives a Hold from Piper SandlerOctober 23 at 11:30 AM | markets.businessinsider.comARRAY Technologies, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference CallOctober 17, 2024 | globenewswire.comAnalysts Have Conflicting Sentiments on These Technology Companies: Array Technologies (ARRY) and BigBearai Holdings (BBAI)October 16, 2024 | markets.businessinsider.comArray Technologies price target lowered to $9 from $11 at BMO CapitalOctober 15, 2024 | finance.yahoo.comArray Technologies Inc (ARRY) Q2 2024 Earnings Call Highlights: Strong Revenue Amid Industry ...October 10, 2024 | finance.yahoo.comSee More Headlines ARRY Stock Analysis - Frequently Asked Questions How have ARRY shares performed this year? Array Technologies' stock was trading at $16.80 at the start of the year. Since then, ARRY stock has decreased by 62.8% and is now trading at $6.25. View the best growth stocks for 2024 here. How were Array Technologies' earnings last quarter? Array Technologies, Inc. (NASDAQ:ARRY) issued its quarterly earnings data on Thursday, August, 8th. The solar tracking solution reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. Array Technologies's quarterly revenue was down 49.6% on a year-over-year basis. When did Array Technologies IPO? Array Technologies (ARRY) raised $676 million in an initial public offering 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. Who are Array Technologies' major shareholders? Array Technologies' top institutional investors include Swedbank AB (2.55%), Handelsbanken Fonder AB (1.78%), E. Ohman J or Asset Management AB (0.09%) and Essex Investment Management Co. LLC (0.09%). Insiders that own company stock include Kevin G Hostetler, Kenneth R Stacherski, Nipul M Patel, Tyson Hottinger, Erica Brinker and Gerrard Schmid. View institutional ownership trends. 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. Compare Top Brokerages Here. 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 Earnings8/08/2024Today10/24/2024Next Earnings (Confirmed)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Miscellaneous manufacturing industries Sub-IndustryElectric Utilities Current SymbolNASDAQ:ARRY CUSIP04269X10 CIK1100412 Webarraytechinc.com Phone505-881-7567FaxN/AEmployees1,028Year FoundedN/APrice Target and Rating Average Stock Price Target$12.73 High Stock Price Target$20.00 Low Stock Price Target$7.00 Potential Upside/Downside+103.6%Consensus RatingHold Rating Score (0-4)2.48 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)$0.38 Trailing P/E Ratio52.09 Forward P/E Ratio10.42 P/E Growth1.12Net Income$137.24 million Net Margins6.39% Pretax Margin8.14% Return on Equity54.84% Return on Assets7.85% Debt Debt-to-Equity Ratio3.26 Current Ratio2.51 Quick Ratio2.02 Sales & Book Value Annual Sales$1.10 billion Price / Sales0.86 Cash Flow$1.65 per share Price / Cash Flow3.78 Book Value$1.71 per share Price / Book3.65Miscellaneous Outstanding Shares151,769,000Free Float151,455,000Market Cap$948.56 million OptionableOptionable Beta1.63 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report This page (NASDAQ:ARRY) was last updated on 10/24/2024 by MarketBeat.com Staff From Our Partnerstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligen...Traders Agency | SponsoredProtect Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | SponsoredMusk warns humanity: “Obsolete”The 'invasion' I've discovered has nothing to do with the border crisis. 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