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Array Technologies (ARRY) Competitors

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$5.68 +0.46 (+8.81%)
Closing price 08/3/2026 04:00 PM Eastern
Extended Trading
$5.66 -0.01 (-0.26%)
As of 04:29 AM Eastern
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ARRY vs. NXT, SHLS, MGEE, HE, and UTL

Should you buy Array Technologies stock or one of its competitors? MarketBeat compares Array Technologies with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Array Technologies include Nextpower (NXT), Shoals Technologies Group (SHLS), MGE Energy (MGEE), Hawaiian Electric Industries (HE), and Unitil (UTL).

How does Array Technologies compare to Nextpower?

Nextpower (NASDAQ:NXT) and Array Technologies (NASDAQ:ARRY) are both industrials companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, risk, media sentiment, earnings, institutional ownership, valuation, dividends and profitability.

67.4% of Nextpower shares are held by institutional investors. 0.8% of Nextpower shares are held by company insiders. Comparatively, 0.6% of Array Technologies shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Nextpower has higher revenue and earnings than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Nextpower, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nextpower$3.56B3.83$585.88M$3.8623.49
Array Technologies$1.28B0.68-$52.24M-$0.84N/A

In the previous week, Nextpower had 40 more articles in the media than Array Technologies. MarketBeat recorded 43 mentions for Nextpower and 3 mentions for Array Technologies. Nextpower's average media sentiment score of 0.64 beat Array Technologies' score of 0.19 indicating that Nextpower is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nextpower
16 Very Positive mention(s)
5 Positive mention(s)
8 Neutral mention(s)
7 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Nextpower has a beta of 1.95, suggesting that its stock price is 95% more volatile than the broader market. Comparatively, Array Technologies has a beta of 1.86, suggesting that its stock price is 86% more volatile than the broader market.

Nextpower has a net margin of 16.36% compared to Array Technologies' net margin of -5.56%. Nextpower's return on equity of 26.29% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Nextpower16.36% 26.29% 15.02%
Array Technologies -5.56%-103.11%9.13%

Nextpower currently has a consensus price target of $147.38, suggesting a potential upside of 62.54%. Array Technologies has a consensus price target of $10.17, suggesting a potential upside of 79.07%. Given Array Technologies' higher possible upside, analysts plainly believe Array Technologies is more favorable than Nextpower.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nextpower
0 Sell rating(s)
3 Hold rating(s)
22 Buy rating(s)
1 Strong Buy rating(s)
2.92
Array Technologies
2 Sell rating(s)
9 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.40

Summary

Nextpower beats Array Technologies on 15 of the 16 factors compared between the two stocks.

How does Array Technologies compare to Shoals Technologies Group?

Shoals Technologies Group (NASDAQ:SHLS) and Array Technologies (NASDAQ:ARRY) are both small-cap industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, media sentiment, analyst recommendations, profitability, institutional ownership and valuation.

Shoals Technologies Group has higher earnings, but lower revenue than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Shoals Technologies Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Shoals Technologies Group$475.33M3.30$33.57M$0.2046.85
Array Technologies$1.28B0.68-$52.24M-$0.84N/A

Shoals Technologies Group has a net margin of 6.27% compared to Array Technologies' net margin of -5.56%. Shoals Technologies Group's return on equity of 10.03% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Shoals Technologies Group6.27% 10.03% 6.63%
Array Technologies -5.56%-103.11%9.13%

Shoals Technologies Group has a beta of 1.93, suggesting that its stock price is 93% more volatile than the broader market. Comparatively, Array Technologies has a beta of 1.86, suggesting that its stock price is 86% more volatile than the broader market.

Shoals Technologies Group presently has a consensus price target of $10.46, indicating a potential upside of 11.65%. Array Technologies has a consensus price target of $10.17, indicating a potential upside of 79.07%. Given Array Technologies' higher possible upside, analysts clearly believe Array Technologies is more favorable than Shoals Technologies Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Shoals Technologies Group
0 Sell rating(s)
6 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.63
Array Technologies
2 Sell rating(s)
9 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.40

In the previous week, Shoals Technologies Group had 5 more articles in the media than Array Technologies. MarketBeat recorded 8 mentions for Shoals Technologies Group and 3 mentions for Array Technologies. Shoals Technologies Group's average media sentiment score of 0.96 beat Array Technologies' score of 0.19 indicating that Shoals Technologies Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Shoals Technologies Group
4 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Shoals Technologies Group beats Array Technologies on 11 of the 15 factors compared between the two stocks.

How does Array Technologies compare to MGE Energy?

MGE Energy (NASDAQ:MGEE) and Array Technologies (NASDAQ:ARRY) are related companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk, media sentiment and dividends.

52.6% of MGE Energy shares are held by institutional investors. 0.4% of MGE Energy shares are held by insiders. Comparatively, 0.6% of Array Technologies shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

MGE Energy has higher earnings, but lower revenue than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than MGE Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
MGE Energy$767.39M3.83$135.89M$3.9020.51
Array Technologies$1.28B0.68-$52.24M-$0.84N/A

MGE Energy currently has a consensus price target of $78.50, indicating a potential downside of 1.88%. Array Technologies has a consensus price target of $10.17, indicating a potential upside of 79.07%. Given Array Technologies' stronger consensus rating and higher probable upside, analysts plainly believe Array Technologies is more favorable than MGE Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
MGE Energy
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Array Technologies
2 Sell rating(s)
9 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.40

MGE Energy has a net margin of 18.61% compared to Array Technologies' net margin of -5.56%. MGE Energy's return on equity of 10.94% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
MGE Energy18.61% 10.94% 4.68%
Array Technologies -5.56%-103.11%9.13%

MGE Energy has a beta of 0.71, suggesting that its stock price is 29% less volatile than the broader market. Comparatively, Array Technologies has a beta of 1.86, suggesting that its stock price is 86% more volatile than the broader market.

In the previous week, MGE Energy and MGE Energy both had 3 articles in the media. MGE Energy's average media sentiment score of 0.90 beat Array Technologies' score of 0.19 indicating that MGE Energy is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
MGE Energy
1 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

MGE Energy and Array Technologies tied by winning 8 of the 16 factors compared between the two stocks.

How does Array Technologies compare to Hawaiian Electric Industries?

Hawaiian Electric Industries (NYSE:HE) and Array Technologies (NASDAQ:ARRY) are related companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, valuation, media sentiment, dividends, profitability, analyst recommendations, institutional ownership and risk.

In the previous week, Hawaiian Electric Industries had 3 more articles in the media than Array Technologies. MarketBeat recorded 6 mentions for Hawaiian Electric Industries and 3 mentions for Array Technologies. Hawaiian Electric Industries' average media sentiment score of 0.98 beat Array Technologies' score of 0.19 indicating that Hawaiian Electric Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hawaiian Electric Industries
4 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Hawaiian Electric Industries has higher revenue and earnings than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Hawaiian Electric Industries, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hawaiian Electric Industries$3.09B0.71$126.28M$0.7417.18
Array Technologies$1.28B0.68-$52.24M-$0.84N/A

Hawaiian Electric Industries has a beta of 0.5, suggesting that its share price is 50% less volatile than the broader market. Comparatively, Array Technologies has a beta of 1.86, suggesting that its share price is 86% more volatile than the broader market.

59.9% of Hawaiian Electric Industries shares are held by institutional investors. 0.2% of Hawaiian Electric Industries shares are held by insiders. Comparatively, 0.6% of Array Technologies shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Hawaiian Electric Industries has a net margin of 4.19% compared to Array Technologies' net margin of -5.56%. Hawaiian Electric Industries' return on equity of 9.03% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Hawaiian Electric Industries4.19% 9.03% 1.64%
Array Technologies -5.56%-103.11%9.13%

Hawaiian Electric Industries presently has a consensus target price of $12.38, indicating a potential downside of 2.67%. Array Technologies has a consensus target price of $10.17, indicating a potential upside of 79.07%. Given Array Technologies' stronger consensus rating and higher probable upside, analysts clearly believe Array Technologies is more favorable than Hawaiian Electric Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hawaiian Electric Industries
2 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.50
Array Technologies
2 Sell rating(s)
9 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.40

Summary

Hawaiian Electric Industries beats Array Technologies on 10 of the 17 factors compared between the two stocks.

How does Array Technologies compare to Unitil?

Unitil (NYSE:UTL) and Array Technologies (NASDAQ:ARRY) are related small-cap companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, dividends, risk, analyst recommendations, earnings, valuation, profitability and institutional ownership.

Unitil presently has a consensus target price of $56.50, indicating a potential upside of 5.34%. Array Technologies has a consensus target price of $10.17, indicating a potential upside of 79.07%. Given Array Technologies' stronger consensus rating and higher possible upside, analysts plainly believe Array Technologies is more favorable than Unitil.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Unitil
0 Sell rating(s)
5 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Array Technologies
2 Sell rating(s)
9 Hold rating(s)
8 Buy rating(s)
1 Strong Buy rating(s)
2.40

Unitil has a net margin of 9.60% compared to Array Technologies' net margin of -5.56%. Unitil's return on equity of 9.89% beat Array Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Unitil9.60% 9.89% 2.89%
Array Technologies -5.56%-103.11%9.13%

76.8% of Unitil shares are held by institutional investors. 2.2% of Unitil shares are held by insiders. Comparatively, 0.6% of Array Technologies shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Unitil has higher earnings, but lower revenue than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than Unitil, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Unitil$536M1.80$50.20M$3.1616.97
Array Technologies$1.28B0.68-$52.24M-$0.84N/A

In the previous week, Unitil had 7 more articles in the media than Array Technologies. MarketBeat recorded 10 mentions for Unitil and 3 mentions for Array Technologies. Unitil's average media sentiment score of 0.63 beat Array Technologies' score of 0.19 indicating that Unitil is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Unitil
2 Very Positive mention(s)
2 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Array Technologies
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Unitil has a beta of 0.31, meaning that its stock price is 69% less volatile than the broader market. Comparatively, Array Technologies has a beta of 1.86, meaning that its stock price is 86% more volatile than the broader market.

Summary

Unitil beats Array Technologies on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding ARRY and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ARRY vs. The Competition

MetricArray TechnologiesElectrical Equipment IndustryIndustrials SectorNASDAQ Exchange
Market Cap$802.97M$10.50B$10.56B$12.44B
Dividend YieldN/A2.33%120.65%10.03%
P/E Ratio-6.7647.1527.7924.99
Price / Sales0.681,572.46311.2490.42
Price / Cash2.6128.2324.0434.82
Price / Book-4.215.494.846.21
Net Income-$52.24M$136.38M$610.20M$347.49M
7 Day Performance11.37%2.57%1.06%1.29%
1 Month Performance-18.51%-9.95%-1.24%-3.59%
1 Year Performance-5.33%21.77%12.72%18.38%

Array Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ARRY
Array Technologies
3.7038 of 5 stars
$5.68
+8.8%
$10.17
+79.1%
-6.3%$802.97M$1.28BN/A1,200
NXT
Nextpower
4.7756 of 5 stars
$103.73
+3.7%
$150.62
+45.2%
+60.3%$15.03B$3.56B27.081,993
SHLS
Shoals Technologies Group
3.3367 of 5 stars
$9.39
flat
$10.46
+11.4%
+81.6%$1.57B$475.33M46.951,480
MGEE
MGE Energy
3.6502 of 5 stars
$81.61
-1.0%
$78.50
-3.8%
-4.7%$3.03B$743.65M20.93700
HE
Hawaiian Electric Industries
1.5212 of 5 stars
$13.20
-2.3%
$12.38
-6.2%
+18.5%$2.33B$3.09B17.832,675

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This page (NASDAQ:ARRY) was last updated on 8/4/2026 by MarketBeat.com Staff.
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