NASDAQ:ARRY Array Technologies (ARRY) Stock Price, News & Analysis → This unknown company solves the biggest issue with AI (From Manward Press) (Ad) Free ARRY Stock Alerts $12.23 -0.39 (-3.09%) (As of 03:57 PM ET) Add Compare Share Share Today's Range$12.13▼$13.6050-Day Range$10.97▼$15.1052-Week Range$10.82▼$26.64Volume7.23 million shsAverage Volume5.83 million shsMarket Capitalization$1.86 billionP/E Ratio32.19Dividend YieldN/APrice Target$20.14 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 RatingModerate Buy2.50 Rating ScoreUpside/Downside64.7% Upside$20.14 Price TargetShort InterestBearish17.21% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.61Based on 20 Articles This WeekInsider TradingSelling Shares$100,565 Sold Last QuarterProj. Earnings Growth26.47%From $1.02 to $1.29 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.4.28 out of 5 starsOils/Energy Sector46th out of 243 stocksMiscellaneous Manufacturing Industries Industry2nd out of 8 stocks 4.3 Analyst's Opinion Consensus RatingArray Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 11 buy ratings, 8 hold ratings, and 1 sell rating.Amount of Analyst CoverageArray Technologies has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Array Technologies' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted17.21% 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 4.6.Change versus previous monthShort interest in Array Technologies has recently decreased by 1.95%, indicating that investor sentiment is improving. 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 3.1 News and Social Media Coverage News SentimentArray Technologies has a news sentiment score of 0.61. 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 WeekMarketBeat has tracked 20 news articles for Array Technologies this week, compared to 3 articles on an average week.Search Interest12 people have searched for ARRY on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.MarketBeat Follows5 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn 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 InsidersOnly 0.31% of the stock of Array Technologies is held by insiders.Read more about Array Technologies' insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Array Technologies are expected to grow by 26.47% in the coming year, from $1.02 to $1.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is 32.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Array Technologies is 32.19, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.89.Price to Earnings Growth RatioArray Technologies has a PEG Ratio of 0.79. 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 8.05. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Array Technologies' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsTiny AI projects with huge promise hiding in plain sight …I’ve developed a system that’s helped me find huge winners in the past. Now my system has alerted me to the next four altcoins that could be the next superstars.Click here to find out who they are. 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 HeadlinesMay 13 at 9:17 PM | markets.businessinsider.comBalancing Act: Strong Performance Amidst Market Uncertainties Justifies Hold Rating on Array TechnologiesMay 13 at 3:59 PM | investorplace.comGreen Energy Gambles: 7 Speculative Plays for the Planet-Conscious InvestorMay 13 at 4:42 AM | seekingalpha.comArray Technologies: Intrigued But Not Yet ConvincedMay 12 at 1:53 AM | msn.comOppenheimer Upgrades Array Technologies (ARRY)May 10, 2024 | msn.comArray Technologies shines after surprise Q1 profit; Oppenheimer upgradesMay 10, 2024 | finance.yahoo.comArray Technologies Stock Jumps, Bucking the Solar TrendMay 10, 2024 | finance.yahoo.comArray Technologies Inc (ARRY) Q1 2024 Earnings: Misses EPS Estimates Despite Revenue BeatMay 10, 2024 | finance.yahoo.comArray Technologies, Inc. (NASDAQ:ARRY) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Grab (GRAB), Array Technologies (ARRY) and Akamai (AKAM)May 10, 2024 | seekingalpha.comArray Technologies, Inc. (ARRY) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.comArray Technologies: A Strong Buy on Impressive Quarterly Performance and Promising Future GrowthMay 9, 2024 | msn.comArray Technologies Stock Heats Up On Q1 Earnings As Momentum From Q4 Continues Into New YearMay 9, 2024 | investorplace.comARRY Stock Earnings: Array Technologies Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | seekingalpha.comArray Technologies, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | globenewswire.comArray Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded ordersMay 6, 2024 | globenewswire.comArray and DNV Release Report on Solar Tracker Wind Stow Strategies' Energy ImpactMay 2, 2024 | investorplace.comStock Market Crash Alert: 3 Must-Buy Solar Stocks When Prices PlungeMay 2, 2024 | finance.yahoo.comArray Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On CapitalApril 26, 2024 | globenewswire.comArray Hosts U.S. Energy Secretary Granholm, New Mexico Senators to Break Ground on New Solar Manufacturing FacilityApril 24, 2024 | businesswire.comEPC Power names Jim Fusaro as CEOApril 23, 2024 | barrons.comArray Technologies Inc.April 19, 2024 | fool.comWhy EV and Renewable Energy Stocks Collapsed This WeekApril 18, 2024 | globenewswire.comArray Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference CallApril 10, 2024 | nasdaq.comPeter Lynch Detailed Fundamental Analysis - ARRYApril 4, 2024 | investorplace.comThe 3 Most Undervalued Renewable Energy Stocks to Buy in April 2024See 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 Earnings5/09/2024Today5/15/2024Next Earnings (Estimated)8/13/2024Fiscal 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$20.14 High Stock Price Target$37.00 Low Stock Price Target$12.00 Potential Upside/Downside+59.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$0.38 Trailing P/E Ratio33.21 Forward P/E Ratio12.37 P/E Growth0.79Net Income$137.24 million Net Margins8.09% Pretax Margin10.54% Return on Equity59.49% Return on Assets9.02% Debt Debt-to-Equity Ratio2.84 Current Ratio2.73 Quick Ratio2.10 Sales & Book Value Annual Sales$1.58 billion Price / Sales1.21 Cash Flow$1.82 per share Price / Cash Flow6.92 Book Value$1.52 per share Price / Book8.30Miscellaneous Outstanding Shares151,770,000Free Float151,299,000Market Cap$1.92 billion OptionableOptionable Beta1.70 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Kevin G. Hostetler (Age 56)CEO & Director Comp: $2.12MMr. Kurt R. Wood (Age 49)Chief Financial Officer Comp: $354.81kMr. Neil Manning (Age 53)Chief Operating Officer Comp: $826.52kMr. Tyson K. Hottinger (Age 43)Chief Legal Officer Comp: $653.7kMr. Terrance L. Collins (Age 59)Chief Human Resources Officer Comp: $713.48kMr. James Zhu (Age 62)Chief Accounting Officer Mr. Aaron GabelnickChief Strategy & Technology OfficerMr. Travis Rose (Age 50)Chief Revenue Officer Comp: $497.55kMs. Jessica Lawrence-VacaSenior Vice President, policy & external affairsMore ExecutivesKey CompetitorsVermilion EnergyNYSE:VETHighPeak EnergyNASDAQ:HPKNextDecadeNASDAQ:NEXTExcelerate EnergyNYSE:EEVital EnergyNYSE:VTLEView All CompetitorsInsiders & InstitutionsWolf Hill Capital Management LPBought 274,986 shares on 5/15/2024Ownership: 0.538%Price T Rowe Associates Inc. MDSold 992,947 shares on 5/15/2024Ownership: 0.058%PEAK6 Investments LLCSold 60,100 shares on 5/15/2024Ownership: 0.000%Healthcare of Ontario Pension Plan Trust FundBought 51,213 shares on 5/14/2024Ownership: 0.247%Shell Asset Management Co.Bought 22,177 shares on 5/14/2024Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions ARRY Stock Analysis - Frequently Asked Questions Should I buy or sell Array Technologies stock right now? 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last year. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ARRY shares. View ARRY analyst ratings or view top-rated stocks. What is Array Technologies' stock price target for 2024? 20 brokerages have issued twelve-month price objectives 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 $20.14 in the next year. This suggests a possible upside of 64.7% 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 27.2% and is now trading at $12.23. 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, August 13th 2024. View our ARRY earnings forecast. How were Array Technologies' earnings last quarter? Array Technologies, Inc. (NASDAQ:ARRY) posted its quarterly earnings results on Thursday, May, 9th. The solar tracking solution reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.10. The solar tracking solution earned $153.40 million during the quarter, compared to analyst estimates of $141.24 million. Array Technologies had a net margin of 8.09% and a trailing twelve-month return on equity of 59.49%. The firm's revenue for the quarter was down 59.3% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. 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), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), Global X Solar ETF (RAYS), ALPS Clean Energy ETF (ACES), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), SPDR S&P Kensho Clean Power ETF (CNRG) 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 Thursday, May, 9th. The company provided earnings per share guidance of 1.000-1.150 for the period, compared to the consensus earnings per share estimate of 1.070. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 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 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 shareholders include Vanguard Group Inc. (9.23%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.05%), Robeco Schweiz AG (1.68%), Van ECK Associates Corp (0.87%), Pinnacle Associates Ltd. (0.54%) and Wolf Hill Capital Management LP (0.54%). 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 5/15/2024 by MarketBeat.com Staff From Our PartnersTrump Asset Seizure Threat Alert: Could Your Savings Be Next?American Hartford Gold GroupThe “Next Bitcoin”? 10 CENT Crypto Set to ExplodeTrue Market InsidersDoes this make you sick?Allegiance GoldThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldForget the “Magnificent 7” Tech Companies, Buy This AI Stock InsteadBanyan Hill PublishingTop 5 Tech Stocks to Buy for 2024Daily Market AlertsAmazon's betting big on this unknown AI companyManward PressWith revenue forecasted to grow dramatically in 2024 and beyond, this company should be on your radarStocks News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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