NASDAQ:ARRY Array Technologies (ARRY) Stock Forecast, Price & News $21.13 -1.06 (-4.78%) (As of 02:40 PM ET) Add Compare Share Share Today's Range$21.12▼$22.5250-Day Range$17.75▼$26.3252-Week Range$13.86▼$26.64Volume3.47 million shsAverage Volume4.51 million shsMarket Capitalization$3.19 billionP/E Ratio41.43Dividend YieldN/APrice Target$29.36 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Array Technologies MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside38.9% Upside$29.36 Price TargetShort InterestBearish14.49% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.47Based on 2 Articles This WeekInsider TradingSelling Shares$1.65 M Sold Last QuarterProj. Earnings Growth41.49%From $0.94 to $1.33 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector46th out of 251 stocksMiscellaneous Manufacturing Industries Industry1st out of 9 stocks 4.4 Analyst's Opinion Consensus RatingArray Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 13 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.36, Array Technologies has a forecasted upside of 38.9% from its current price of $21.13.Amount of Analyst CoverageArray Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted14.49% 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.Change versus previous monthShort interest in Array Technologies has recently increased by 1.81%, indicating that investor sentiment is decreasing. 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ARRY. Previous Next 1.9 News and Social Media Coverage News SentimentArray Technologies has a news sentiment score of 0.47. 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 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Array Technologies this week, compared to 3 articles on an average week.Search Interest22 people have searched for ARRY on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Array Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,648,210.00 in company stock.Percentage Held by InsidersOnly 0.63% of the stock of Array Technologies is held by insiders. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Array Technologies are expected to grow by 41.49% in the coming year, from $0.94 to $1.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is 41.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Array Technologies is 41.43, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.57.Price to Earnings Growth RatioArray Technologies has a PEG Ratio of 0.47. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioArray Technologies has a P/B Ratio of 25.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Array Technologies (NASDAQ:ARRY) StockArray 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.Read More ARRY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ARRY Stock News HeadlinesSeptember 18, 2023 | marketbeat.comAgainst 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 ETFOctober 2, 2023 | finance.yahoo.comSignal Says Buy Solar Stock on the DipOctober 2, 2023 | Behind the Markets (Ad)[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 >>>September 21, 2023 | finance.yahoo.comArray Technologies, Inc. (ARRY) Stock Moves -1.39%: What You Should KnowSeptember 19, 2023 | msn.comArray Technologies (NASDAQ:ARRY) Surges Up on New Bank of America PerspectiveSeptember 19, 2023 | msn.comArray Technologies surges as BofA reiterates Buy rating, adds to US 1 ListSeptember 15, 2023 | nasdaq.comTruist Securities Maintains Array Technologies (ARRY) Buy RecommendationSeptember 14, 2023 | markets.businessinsider.comWells Fargo Reaffirms Their Buy Rating on Array Technologies (ARRY)October 2, 2023 | Behind the Markets (Ad)[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 >>>September 13, 2023 | msn.comArray Technologies Has To Prove Its Growth - Hold For NowSeptember 12, 2023 | finance.yahoo.comArray Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel DynamicsSeptember 11, 2023 | finance.yahoo.comLong-standing Agreement Between Array Technologies and Extruded Aluminum Corporation Boosts US Manufacturing with Nearly $35 Million Investment in Michigan Facility ExpansionSeptember 7, 2023 | msn.comMorgan Stanley Maintains Array Technologies (ARRY) Underweight RecommendationSeptember 3, 2023 | finance.yahoo.comShould You Investigate Array Technologies, Inc. (NASDAQ:ARRY) At US$24.95?September 2, 2023 | msn.comArray Technologies: Undervalued Stock With Solid GrowthAugust 31, 2023 | msn.comArray Technologies (ARRY) Price Target Increased by 5.06% to 30.24August 28, 2023 | finance.yahoo.comArray Technologies Leads Solar Tracker Industry with Highest US Domestic Content SourcingAugust 18, 2023 | markets.businessinsider.comAnalysts Conflicted on These Technology Names: Lumentum Holdings (LITE), Coherent Corp (COHR) and Array Technologies (ARRY)August 16, 2023 | finance.yahoo.comWall Street Analysts See a 36.01% Upside in Array Technologies, Inc. (ARRY): Can the Stock Really Move This High?August 14, 2023 | finance.yahoo.comRobert Karr's Q2 2023 13F Filing Update: Top Trades and Portfolio OverviewAugust 13, 2023 | markets.businessinsider.comArray Technologies (ARRY) Gets a Buy from Truist FinancialAugust 11, 2023 | msn.comWells Fargo Maintains Array Technologies (ARRY) Overweight RecommendationAugust 11, 2023 | msn.comGoldman Sachs Maintains Array Technologies (ARRY) Buy RecommendationAugust 10, 2023 | markets.businessinsider.comBank of America Securities Remains a Buy on Array Technologies (ARRY)August 9, 2023 | msn.comToast, Array Technologies rise; Upstart Holdings, Roblox fall, Wednesday, 8/9/2023August 9, 2023 | benzinga.comWhy Array Stock Popped TodayAugust 9, 2023 | msn.comRebel's Edge - august 9: $PENN, $UPST, $ARRY, and the PAC12 BreakupSee 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. Email Address ARRY Company Calendar Last Earnings8/08/2023Today10/02/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous manufacturing industries Sub-IndustryElectric Utilities SectorOils/Energy Current SymbolNASDAQ:ARRY CUSIP04269X10 CIK1100412 Webarraytechinc.com Phone505-881-7567FaxN/AEmployees1,082Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.80 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$0.51 Trailing P/E Ratio42.22 Forward P/E Ratio22.90 P/E Growth0.47Net Income$4.43 million Net Margins7.02% Pretax Margin10.13% Return on Equity103.27% Return on Assets10.00% Debt Debt-to-Equity Ratio2.44 Current Ratio2.09 Quick Ratio1.61 Sales & Book Value Annual Sales$1.64 billion Price / Sales1.99 Cash Flow$1.30 per share Price / Cash Flow16.54 Book Value$0.83 per share Price / Book25.94Miscellaneous Outstanding Shares151,070,000Free Float150,118,000Market Cap$3.25 billion OptionableOptionable Beta1.81 Social Links Ten Starter Stocks For Beginners to Buy NowJust 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 ExecutivesMr. Kevin G. Hostetler (Age 55)CEO & Director Comp: $2.57MMr. Nipul A. Patel (Age 52)Chief Financial Officer Comp: $629kMr. Tyson K. Hottinger (Age 42)Chief Legal Officer & Gen. Counsel Comp: $571.48kMr. Terrance L. Collins (Age 58)Chief HR Officer Comp: $717.14kMr. Travis Rose (Age 49)Chief Revenue Officer Comp: $497.55kMr. Neil Manning (Age 52)Chief Operating Officer Mr. Thierry Marin-MartinodChief Technology OfficerCody MuellerVP of Fin. & Investor RelationsMs. Erica Brinker (Age 45)Chief Commercial Officer and Head of Environmental, Social & Governance More ExecutivesKey CompetitorsKosmos EnergyNYSE:KOSShoals Technologies GroupNASDAQ:SHLSCNX ResourcesNYSE:CNXCVR EnergyNYSE:CVITidewaterNYSE:TDWView All CompetitorsInsiders & InstitutionsTucker Asset Management LLCBought 1,140 shares on 9/8/2023Ownership: 0.002%Tyson HottingerSold 7,500 sharesTotal: $187,800.00 ($25.04/share)Wolverine Trading LLCBought 13,800 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 12,600 shares on 8/22/2023Ownership: 0.008%California State Teachers Retirement SystemBought 1,437 shares on 8/21/2023Ownership: 0.121%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold Array Technologies' stock? ETFs with the largest weight of Array Technologies (NASDAQ:ARRY) stock in their portfolio include Invesco Solar ETF (TAN), First Trust RBA American Industrial Renaissance ETF (AIRR), Aztlan Global Stock Selection DM SMID ETF (AZTD), Global X Clean Tech ETF (CTEC), ProShares S&P Kensho Cleantech ETF (CTEX), ALPS Clean Energy ETF (ACES), SPDR Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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