Most-Downgraded StocksMost-DowngradedNASDAQ:ARRY Array Technologies (ARRY) Stock Price, News & Analysis → Altcoin FRENZY Alert… (From Crypto 101 Media) (Ad) Free ARRY Stock Alerts $11.94 +0.21 (+1.79%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$11.38▼$12.0250-Day Range$11.73▼$15.8752-Week Range$11.38▼$26.64Volume5.25 million shsAverage Volume5.88 million shsMarket Capitalization$1.81 billionP/E Ratio22.11Dividend YieldN/APrice Target$21.23 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Array Technologies alerts: Email Address Array Technologies MarketRank™ Stock AnalysisAnalyst RatingHold2.41 Rating ScoreUpside/Downside77.8% Upside$21.23 Price TargetShort InterestBearish17.15% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth25.71%From $1.05 to $1.32 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.73 out of 5 starsOils/Energy Sector79th out of 242 stocksMiscellaneous Manufacturing Industries Industry4th out of 9 stocks 4.2 Analyst's Opinion Consensus RatingArray Technologies has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 8 buy ratings, 8 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.23, Array Technologies has a forecasted upside of 77.8% from its current price of $11.94.Amount of Analyst CoverageArray Technologies has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted17.15% 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 4.4.Change versus previous monthShort interest in Array Technologies has recently increased by 2.37%, 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 2.3 News and Social Media Coverage News SentimentArray Technologies has a news sentiment score of 1.22. 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 0.55 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Array Technologies this week, compared to 3 articles on an average week.Search InterestOnly 18 people have searched for ARRY on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.MarketBeat FollowsOnly 2 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 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Array Technologies insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.63% 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 25.71% in the coming year, from $1.05 to $1.32 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is 22.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Array Technologies is 22.11, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.16.Price to Earnings Growth RatioArray Technologies has a PEG Ratio of 0.76. 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 6.98. 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 Ad The Bull ReportThe AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.Click here to see who's preparing to meet these needs About Array Technologies Stock (NASDAQ:ARRY)Array 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 ARRY Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ARRY Stock News HeadlinesMarch 17, 2024 | investorplace.com3 Stocks to Watch as the Green Revolution Takes Hold: ARRY, AMSC, ENPHMarch 7, 2024 | seekingalpha.comArray Technologies: Short-Term Downside, But High Long-Term GrowthMarch 19, 2024 | Porter & Company (Ad)Urgent new message from Porter StansberryI’ve been in the financial markets for close to three decades… Yet, I’ve never seen an opportunity that’s so urgent, so critical, and yet so overlooked than what is unfolding right now. You see, in one corner of the markets a financial anomaly has emerged that promises to be the single most important story of 2024.March 7, 2024 | investorplace.com3 Undervalued Clean Energy Stocks for Long-Term GainsMarch 4, 2024 | finance.yahoo.comThe Consensus EPS Estimates For Array Technologies, Inc. (NASDAQ:ARRY) Just Fell DramaticallyMarch 2, 2024 | finance.yahoo.comArray Technologies, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsFebruary 29, 2024 | finance.yahoo.comArray Technologies Full Year 2023 Earnings: Beats ExpectationsFebruary 29, 2024 | msn.comExane BNP Paribas Downgrades Array Technologies (ARRY)March 19, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.February 28, 2024 | markets.businessinsider.comMaintaining Hold on Array Technologies Amid Competitive Pressures and Guidance ConcernsFebruary 28, 2024 | markets.businessinsider.comBuy Rating Justified for Array Technologies Inc. Amidst Strong Q4 Results and Promising OutlookFebruary 28, 2024 | markets.businessinsider.comDeep Dive Into Array Technologies Stock: Analyst Perspectives (7 Ratings)February 28, 2024 | finance.yahoo.comQ4 2023 Array Technologies Inc Earnings CallFebruary 28, 2024 | finance.yahoo.comArray Technologies, Inc. (NASDAQ:ARRY) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Paycor HCM (PYCR), Array Technologies (ARRY) and Fidelity National Info (FIS)February 28, 2024 | seekingalpha.comArray Technologies, Inc. (ARRY) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | seekingalpha.comArray Technologies, Inc. 2023 Q4 - Results - Earnings Call PresentationFebruary 27, 2024 | nasdaq.comInteresting ARRY Put And Call Options For June 21stFebruary 27, 2024 | msn.comArray Technologies Non-GAAP EPS of $0.21 beats by $0.10, revenue of $341.6M beats by $25.51MFebruary 27, 2024 | finance.yahoo.comArray Technologies Inc (ARRY) Posts Strong 2023 Financial Results with Record Adjusted EBITDAFebruary 27, 2024 | globenewswire.comArray Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 millionFebruary 27, 2024 | msn.comArray Technologies Q4 2023 Earnings PreviewFebruary 25, 2024 | msn.comArray Technologies (NASDAQ:ARRY): Investors Eye Q4 Earnings as Potential Inflection PointFebruary 23, 2024 | msn.comArray Technologies and Alupco announce strategic partnershipFebruary 22, 2024 | globenewswire.comArray Technologies and Alupco® Announce Strategic Partnership to Fuel Growing Renewable Energy Market in the Middle EastFebruary 16, 2024 | msn.comBank Of America, Walt Disney Among Top 5 Picks For Institutional Investors, Leaving Tesla, Nvidia BehindFebruary 16, 2024 | finance.yahoo.comArray Technologies, Inc. (ARRY) Exceeds Market Returns: Some Facts to ConsiderSee 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 Company Calendar Last Earnings11/10/2021Today3/18/2024Next Earnings (Estimated)5/14/2024Fiscal 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$21.23 High Stock Price Target$37.00 Low Stock Price Target$12.00 Potential Upside/Downside+77.8%Consensus RatingHold Rating Score (0-4)2.41 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$0.54 Trailing P/E Ratio22.11 Forward P/E Ratio11.37 P/E Growth0.76Net Income$137.24 million Net Margins8.47% Pretax Margin11.24% Return on Equity71.66% Return on Assets10.37% Debt Debt-to-Equity Ratio2.55 Current Ratio2.48 Quick Ratio2.00 Sales & Book Value Annual Sales$1.58 billion Price / Sales1.15 Cash Flow$1.83 per share Price / Cash Flow6.51 Book Value$1.71 per share Price / Book6.98Miscellaneous Outstanding Shares151,290,000Free Float150,335,000Market Cap$1.81 billion OptionableOptionable Beta1.64 Social Links The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Kevin G. Hostetler (Age 56)CEO & Director Comp: $2.57MMr. Tyson K. Hottinger (Age 43)Chief Legal Officer & General Counsel Comp: $571.48kMr. Terrance L. Collins (Age 59)Chief Human Resources Officer Comp: $717.14kMr. Travis Rose (Age 50)Chief Revenue Officer Comp: $497.55kMr. Kurt R. Wood (Age 49)Chief Financial Officer Mr. Neil Manning (Age 53)Chief Operating Officer Mr. Aaron GabelnickChief Strategy & Technology OfficerCody MuellerVice President of Finance & Investor RelationsMs. Erica Brinker (Age 46)Chief Commercial Officer and Head of Environmental, Social & Governance Ms. Jessica Lawrence-VacaSenior Vice President, policy & external affairsMore ExecutivesKey CompetitorsVermilion EnergyNYSE:VETHighPeak EnergyNASDAQ:HPKExcelerate EnergyNYSE:EECrescent EnergyNYSE:CRGYEnlight Renewable EnergyNASDAQ:ENLTView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 146,631 shares on 3/11/2024Ownership: 9.179%Wellington Management Group LLPSold 326,613 shares on 3/5/2024Ownership: 0.332%Electron Capital Partners LLCBought 2,074,308 shares on 3/1/2024Ownership: 5.421%Virtu Financial LLCSold 60,274 shares on 2/26/2024Ownership: 0.010%American TrustSold 1,024 shares on 2/21/2024Ownership: 0.014%View All Insider TransactionsView All Institutional Transactions ARRY Stock Analysis - Frequently Asked Questions Should I buy or sell Array Technologies stock right now? 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ARRY shares. 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 ARRY analyst ratings or view top-rated stocks. What is Array Technologies' stock price target for 2024? 17 analysts have issued 12-month target prices for Array Technologies' shares. Their ARRY share price targets range from $12.00 to $37.00. On average, they predict the company's stock price to reach $21.23 in the next twelve months. This suggests a possible upside of 77.8% 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 2024? Array Technologies' stock was trading at $16.80 at the beginning of the year. Since then, ARRY shares have decreased by 28.9% and is now trading at $11.94. View the best growth stocks for 2024 here. When is Array Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our ARRY earnings forecast. How were Array Technologies' earnings last quarter? Array Technologies, Inc. (NASDAQ:ARRY) posted its earnings results on Wednesday, November, 10th. The solar tracking solution reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.02. The solar tracking solution earned $192.07 million during the quarter, compared to the consensus estimate of $202.14 million. Array Technologies had a net margin of 8.47% and a trailing twelve-month return on equity of 71.66%. During the same quarter last year, the firm earned $0.07 earnings per share. 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 1.000-1.150 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.9 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 $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' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.18%), Vanguard Group Inc. (9.18%), Electron Capital Partners LLC (5.42%), Frontier Capital Management Co. LLC (4.54%), Norges Bank (4.13%) and Handelsbanken Fonder AB (2.46%). Insiders that own company stock include Erica Brinker, Gerrard Schmid, Kenneth R Stacherski, Kevin G Hostetler, Nipul M Patel and Tyson Hottinger. 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. This page (NASDAQ:ARRY) was last updated on 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressAltcoin FRENZY Alert…Crypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company 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. 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