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Array Technologies Stock Forecast, Price & News

$11.68
+0.53 (+4.75%)
(As of 07/6/2022 09:35 AM ET)
Add
Compare
Today's Range
$10.90
$11.68
50-Day Range
$6.20
$13.88
52-Week Range
$5.45
$27.67
Volume
4,312 shs
Average Volume
3.77 million shs
Market Capitalization
$1.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.89

Array Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
60.5% Upside
$17.89 Price Target
Short Interest
Healthy
10.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$499,875 Bought Last Quarter
Proj. Earnings Growth
224.00%
From $0.25 to $0.81 Per Share

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 stars

Oils/Energy Sector

47th out of 390 stocks

Miscellaneous Manufacturing Industries Industry

2nd out of 20 stocks

30 days | 90 days | 365 days | Advanced Chart

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Array Technologies logo

About Array Technologies (NASDAQ:ARRY) Stock

Array 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.

ARRY Stock News Headlines

What 9 Analyst Ratings Have To Say About Array Technologies
Array Technologies Q1 2022 Earnings Preview
Where Array Technologies Stands With Analysts
See More Headlines

Industry, Sector and Symbol

Industry
Miscellaneous manufacturing industries
Sub-Industry
Electric Utilities
Current Symbol
NASDAQ:ARRY
CUSIP
04269X10
Fax
N/A
Employees
387
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Today
7/06/2022
Next Earnings (Estimated)
8/10/2022
Fiscal Year End
12/31/2022

Price 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 Rating
Hold
Rating Score (0-4)
2.45454545454545
Research Coverage
11 Analysts

Profitability

Net Income
$-50,400,000.00
Pretax Margin
-11.13%

Debt

Sales & Book Value

Annual Sales
$853.32 million
Cash Flow
$0.40 per share
Book Value
($0.51) per share

Miscellaneous

Free Float
149,544,000
Market Cap
$1.75 billion
Optionable
Optionable
Beta
1.72

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. Counsel
  • Mr. Kevin G. Hostetler, CEO & Director (Age 54)
  • Mr. Thierry Marin-Martinod, Chief Technology Officer
  • Mr. Jovan Kangrga, Chief Information Officer
  • Cody Mueller, VP of Fin. & Investor Relations
  • Ms. Jennifer K. Cheraso, Chief HR Officer (Age 54)
  • Ms. Erica Brinker, Chief Commercial Officer and Head of Environmental, Social & Governance

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.

This page (NASDAQ:ARRY) was last updated on 7/6/2022 by MarketBeat.com Staff

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