Array Technologies Stock Forecast, Price & News

-0.06 (-0.37 %)
(As of 06/14/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume2.17 million shs
Average Volume3.21 million shs
Market Capitalization$2.04 billion
P/E Ratio17.88
Dividend YieldN/A
30 days | 90 days | 365 days | Advanced Chart
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About Array Technologies

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers 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 based in Albuquerque, New Mexico.


ARRY INVESTOR ALERT: Class Action Lawsuit Filed
ARRY INVESTOR ALERT: Class Action Lawsuit Filed
June 8, 2021 |
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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.40 out of 5 stars

Oils/Energy Sector

4th out of 686 stocks

Miscellaneous Manufacturing Industries Industry

1st out of 24 stocks

Analyst Opinion: 4.2Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Array Technologies (NASDAQ:ARRY) Frequently Asked Questions

Is Array Technologies a buy right now?

13 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, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 stocks does MarketBeat like better than Array Technologies?

Wall Street analysts have given Array Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Array Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Array Technologies?

Array Technologies saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 3,580,000 shares, a decline of 21.0% from the May 13th total of 4,530,000 shares. Based on an average daily volume of 4,290,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the company's stock are short sold.
View Array Technologies' Short Interest

When is Array Technologies' next earnings date?

Array Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Array Technologies

How were Array Technologies' earnings last quarter?

Array Technologies, Inc. (NASDAQ:ARRY) released its quarterly earnings data on Monday, May, 10th. The solar tracking solution reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.01. The solar tracking solution had revenue of $245.90 million for the quarter, compared to the consensus estimate of $238.86 million. The business's revenue for the quarter was down 43.8% compared to the same quarter last year.
View Array Technologies' earnings history

How has Array Technologies' stock price been impacted by Coronavirus (COVID-19)?

Array Technologies' stock was trading at $47.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ARRY shares have decreased by 66.4% and is now trading at $16.09.
View which stocks have been most impacted by COVID-19

What price target have analysts set for ARRY?

13 brokerages have issued twelve-month price objectives for Array Technologies' shares. Their forecasts range from $15.00 to $54.00. On average, they expect Array Technologies' share price to reach $36.17 in the next twelve months. This suggests a possible upside of 124.8% from the stock's current price.
View analysts' price targets for Array Technologies
or view top-rated stocks among Wall Street analysts.

Who are Array Technologies' key executives?

Array Technologies' management team includes the following people:
  • Mr. Brad Forth, Exec. Chairman (Age 56, Pay $37.62k)
  • Mr. James M. Fusaro, CEO & Director (Age 58, Pay $1.34M)
  • Mr. Ron P. Corio, Founder & Director (Age 59, Pay $13.78k)
  • Ms. Charlotte A. MacVane, Gen. Counsel & Chief Legal Officer (Age 38, Pay $475.65k)
  • Mr. Jeffrey P. Krantz, Chief Commercial Officer (Age 52, Pay $624.37k)
  • Mr. Nipul A. Patel, Chief Financial Officer (Age 50)
  • Mr. Stuart M. Bolland, Chief Operating Officer (Age 49)
  • Mr. Lucas D. Creasy, Chief Technology Officer (Age 40)
  • Mr. Jovan Kangrga, Chief Information Officer
  • Cody Mueller, VP of Fin. & Investor Relations

Who are some of Array Technologies' key 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 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 acted 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."

Who are Array Technologies' major shareholders?

Array Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.92%), JPMorgan Chase & Co. (5.87%), Zimmer Partners LP (4.06%), BlackRock Inc. (3.49%), Bank of New York Mellon Corp (2.84%) and Ameriprise Financial Inc. (2.68%). Company insiders that own Array Technologies stock include Ati Investment Parent, Llc, Charlotte A Macvane, James Macmillan Fusaro, John Bradford Forth, Lucas D Creasy, Nipul M Patel and Stuart M Bolland.
View institutional ownership trends for Array Technologies

Which institutional investors are selling Array Technologies stock?

ARRY stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Zimmer Partners LP, Alyeska Investment Group L.P., Neuberger Berman Group LLC, Arrowstreet Capital Limited Partnership, AGF Investments Inc., Phoenix Holdings Ltd., and Holocene Advisors LP.
View insider buying and selling activity for Array Technologies
or view top insider-selling stocks.

Which institutional investors are buying Array Technologies stock?

ARRY stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., FIL Ltd, BlackRock Inc., Ameriprise Financial Inc., Bank of New York Mellon Corp, Price T Rowe Associates Inc. MD, Artisan Partners Limited Partnership, and Schroder Investment Management Group. Company insiders that have bought Array Technologies stock in the last two years include Charlotte A Macvane, James Macmillan Fusaro, John Bradford Forth, Lucas D Creasy, Nipul M Patel, and Stuart M Bolland.
View insider buying and selling activity for Array Technologies
or or view top insider-buying stocks.

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 $16.09.

How much money does Array Technologies make?

Array Technologies has a market capitalization of $2.04 billion and generates $872.66 million in revenue each year. The solar tracking solution earns $59.07 million in net income (profit) each year or $0.90 on an earnings per share basis.

How many employees does Array Technologies have?

Array Technologies employs 387 workers across the globe.

What is Array Technologies' official website?

The official website for Array Technologies is

Where are Array Technologies' headquarters?

Array Technologies is headquartered at 3901 Midway Place NE Albuquerque, NM 87109.

How can I contact Array Technologies?

Array Technologies' mailing address is 3901 Midway Place NE Albuquerque, NM 87109. The solar tracking solution can be reached via phone at 303-381-6600 or via email at [email protected]

This page was last updated on 6/14/2021 by Staff
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