Should I buy or sell Array Technologies stock right now?

17 Wall Street 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 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 twelve-month price objectives for Array Technologies' stock. Their ARRY share price targets range from $12.00 to $37.00. On average, they expect the company's stock price to reach $20.37 in the next year. This suggests a possible upside of 81.5% 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 2024. Since then, ARRY shares have decreased by 33.2% and is now trading at $11.22. 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 Thursday, May 9th 2024. View our ARRY earnings forecast .

How can I listen to Array Technologies' earnings call?

Array Technologies will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745730".

How were Array Technologies' earnings last quarter?

Array Technologies, Inc. (NASDAQ:ARRY) posted its quarterly earnings results on Tuesday, February, 27th. The solar tracking solution reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The solar tracking solution had revenue of $341.62 million for the quarter, compared to the consensus estimate of $319.30 million. Array Technologies had a net margin of 8.47% and a trailing twelve-month return on equity of 71.66%.

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) , Global X Solar ETF (RAYS) , ProShares S&P Kensho Cleantech ETF (CTEX) , Global X Clean Tech ETF (CTEC) , SPDR S&P Kensho Clean Power ETF (CNRG) , ALPS Clean Energy ETF (ACES) and Fidelity Clean Energy ETF (FRNW) .

What guidance has Array Technologies issued on next quarter's earnings?

Array Technologies updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 1.000-1.150 for the period, compared to the consensus EPS 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?

Array Technologies (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 acted 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 a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Los Angeles Capital Management LLC (0.02%), Allspring Global Investments Holdings LLC (0.02%) and Banque Cantonale Vaudoise (0.01%). 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 .

NASDAQ:ARRY

Array Technologies (ARRY) Stock Price, News & Analysis

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Free ARRY Stock Alerts

$11.22

+0.25 (+2.28%)

(As of 01:40 PM ET)

Compare

Today's Range: $10.83
▼
$11.24
50-Day Range: $10.97
▼
$15.87
52-Week Range: $10.82
▼
$26.64

Volume: 2.22 million shs
Average Volume: 5.73 million shs
Market Capitalization: $1.70 billion

P/E Ratio: 20.78
Dividend Yield: N/A
Price Target: $20.37

Get Array Technologies alerts:

Array Technologies MarketRank™ Stock Analysis

Analyst Rating: Hold
2.41 Rating Score
Upside/Downside: 81.5% Upside
$20.37 Price Target
Short Interest: Bearish
17.02% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$100,565 Sold Last Quarter
Proj. Earnings Growth: 29.00%
From $1.00 to $1.29 Per Share

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.

3.69 out of 5 stars

Oils/Energy Sector

78th out of 231 stocks

Miscellaneous Manufacturing Industries Industry

4th out of 9 stocks

4.2

Analyst's Opinion

Consensus Rating
Array 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.
Amount of Analyst Coverage
Array Technologies has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
17.02% of the outstanding shares of Array Technologies have been sold short.
Short Interest Ratio / Days to Cover
Array Technologies has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Array Technologies has recently increased by 4.11%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Array Technologies does not currently pay a dividend.
Dividend Growth
Array Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ARRY.

1.9

News and Social Media Coverage

News Sentiment
Array Technologies has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Array Technologies this week, compared to 3 articles on an average week.
Search Interest
Only 11 people have searched for ARRY on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
MarketBeat Follows
3 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 $100,565.00 in company stock.
Percentage Held by Insiders
Only 0.63% of the stock of Array Technologies is held by insiders.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Array Technologies are expected to grow by 29.00% in the coming year, from $1.00 to $1.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Array Technologies is 20.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of Array Technologies is 20.78, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.07.
Price to Earnings Growth Ratio
Array Technologies has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Array Technologies has a P/B Ratio of 6.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

ARRY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ARRY Stock News Headlines

April 18, 2024 | globenewswire.com

Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call

April 10, 2024 | nasdaq.com

Peter Lynch Detailed Fundamental Analysis - ARRY

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March 29, 2024 | investorplace.com

The 3 Best Solar Stocks to Buy in Q2 2024

March 28, 2024 | investing.com

Array Technologies unveils hail protection for solar trackers

March 28, 2024 | finance.yahoo.com

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March 26, 2024 | finance.yahoo.com

Array Technologies Launches Hail Alert Response

March 26, 2024 | finance.yahoo.com

Why Array Technologies, Inc. (NASDAQ:ARRY) Looks Like A Quality Company

March 24, 2024 | investing.com

Array Technologies CEO sells shares worth over $100,000

March 23, 2024 | markets.businessinsider.com

Maintaining Hold on Array Technologies: A Balancing Act Between Market Position Challenges and Growth Potential

March 23, 2024 | finance.yahoo.com

Array Technologies Inc CEO Kevin Hostetler Sells 8,176 Shares

March 20, 2024 | investorplace.com

Wall Street's Favorite Renewable Energy Stocks? 3 Names That Could Make You Filthy Rich

March 19, 2024 | ca.finance.yahoo.com

ARRY Oct 2024 30.000 call

March 17, 2024 | investorplace.com

3 Stocks to Watch as the Green Revolution Takes Hold: ARRY, AMSC, ENPH

March 7, 2024 | seekingalpha.com

Array Technologies: Short-Term Downside, But High Long-Term Growth

March 7, 2024 | investorplace.com

3 Undervalued Clean Energy Stocks for Long-Term Gains

March 4, 2024 | finance.yahoo.com

The Consensus EPS Estimates For Array Technologies, Inc. (NASDAQ:ARRY) Just Fell Dramatically

March 2, 2024 | finance.yahoo.com

Array Technologies, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

February 29, 2024 | finance.yahoo.com

Array Technologies Full Year 2023 Earnings: Beats Expectations

February 29, 2024 | msn.com

Exane BNP Paribas Downgrades Array Technologies (ARRY)

February 28, 2024 | markets.businessinsider.com

Maintaining Hold on Array Technologies Amid Competitive Pressures and Guidance Concerns

February 28, 2024 | markets.businessinsider.com

Buy Rating Justified for Array Technologies Inc. Amidst Strong Q4 Results and Promising Outlook

February 28, 2024 | markets.businessinsider.com

Deep Dive Into Array Technologies Stock: Analyst Perspectives (7 Ratings)

February 28, 2024 | finance.yahoo.com

Q4 2023 Array Technologies Inc Earnings Call

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Miscellaneous manufacturing industries
Sub-Industry: Electric Utilities
Current Symbol: NASDAQ:ARRY
CUSIP: 04269X10
CIK: 1100412
Web: arraytechinc.com
Phone: 505-881-7567
Fax: N/A
Employees: 1,028
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.37
High Stock Price Target: $37.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +85.7%
Consensus Rating: Hold
Rating Score (0-4): 2.41
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.54
Trailing P/E Ratio: 20.32
Forward P/E Ratio: 10.97
P/E Growth: 0.77
Net Income: $137.24 million
Net Margins: 8.47%
Pretax Margin: 11.24%
Return on Equity: 71.66%
Return on Assets: 10.37%

Debt

Debt-to-Equity Ratio: 2.55
Current Ratio: 2.48
Quick Ratio: 2.00

Sales & Book Value

Annual Sales: $1.58 billion
Price / Sales: 1.06
Cash Flow: $1.76 per share
Price / Cash Flow: 6.23
Book Value: $1.71 per share
Price / Book: 6.42

Miscellaneous

Outstanding Shares: 151,730,000
Free Float: 150,770,000
Market Cap: $1.66 billion
Optionable: Optionable
Beta: 1.66

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Key Executives

Mr. Kevin G. Hostetler (Age 56)
CEO & Director
Comp: $2.57M
Mr. Tyson K. Hottinger (Age 43)
Chief Legal Officer & General Counsel
Comp: $571.48k
Mr. Terrance L. Collins (Age 59)
Chief Human Resources Officer
Comp: $717.14k
Mr. Travis Rose (Age 50)
Chief Revenue Officer
Comp: $497.55k
Mr. Kurt R. Wood (Age 49)
Chief Financial Officer
Mr. Neil Manning (Age 53)
Chief Operating Officer
Mr. Aaron Gabelnick
Chief Strategy & Technology Officer
Cody Mueller
Vice President of Finance & Investor Relations
Ms. Erica Brinker (Age 46)
Chief Commercial Officer and Head of Environmental, Social & Governance
Ms. Jessica Lawrence-Vaca
Senior Vice President, policy & external affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ARRY Stock Analysis - Frequently Asked Questions

Should I buy or sell Array Technologies stock right now?: 17 Wall Street 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 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 twelve-month price objectives for Array Technologies' stock. Their ARRY share price targets range from $12.00 to $37.00. On average, they expect the company's stock price to reach $20.37 in the next year. This suggests a possible upside of 81.5% 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 2024. Since then, ARRY shares have decreased by 33.2% and is now trading at $11.22.
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 Thursday, May 9th 2024.
View our ARRY earnings forecast.
How can I listen to Array Technologies' earnings call?: Array Technologies will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745730".
How were Array Technologies' earnings last quarter?: Array Technologies, Inc. (NASDAQ:ARRY) posted its quarterly earnings results on Tuesday, February, 27th. The solar tracking solution reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The solar tracking solution had revenue of $341.62 million for the quarter, compared to the consensus estimate of $319.30 million. Array Technologies had a net margin of 8.47% and a trailing twelve-month return on equity of 71.66%.

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), Global X Solar ETF (RAYS), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG), ALPS Clean Energy ETF (ACES) and Fidelity Clean Energy ETF (FRNW).
What guidance has Array Technologies issued on next quarter's earnings?: Array Technologies updated its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 1.000-1.150 for the period, compared to the consensus EPS 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?: Array Technologies (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 acted 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 a variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Los Angeles Capital Management LLC (0.02%), Allspring Global Investments Holdings LLC (0.02%) and Banque Cantonale Vaudoise (0.01%). 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 4/19/2024 by MarketBeat.com Staff

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Array Technologies (ARRY) Stock Price, News & Analysis

Array Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Array Technologies Stock (NASDAQ:ARRY)

ARRY Stock Price History

ARRY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ARRY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™