Array Technologies/ARRY

$12.46

-3.71%
-
1D1W1MYTD1YMAX

About Array Technologies

Array Technologies, Inc. is a provider of utility-scale solar tracker technology. The Company manufactures ground-mounting tracking systems used in utility and distributed generation solar energy projects worldwide. The Company’s segments include Array Legacy Operations and STI Legacy Operations. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware that include, component parts, such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers commonly referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is its range of software and control-based products designed for utility-scale solar sites.

Ticker

ARRY

Sector

Energy

Trading on

NASDAQ

Industry

Constr. - Supplies & Fixtures

CEO

Kevin Hostetler

Employees

1,028

Headquarters

Albuquerque, United States

ARRY Metrics

BasicAdvanced
$1.96B
Market cap
23.00
P/E ratio
$0.56
EPS
1.67
Beta
-
Dividend rate
$1.96B
1.67399
$26.64
$11.38
5.66M
2.479
1.997
108.262
111.779
22.218
5.96%
8.04%
44.61%
10.51%
23.001
1.242
7.549
9.107
-3.72%
275.5%
21.79%
9.23%

What the Analysts think about ARRY

Analyst Ratings

Majority rating from 27 analysts.
Buy

Price Targets

Average projection from 24 analysts.
62.36% upside
High $36.00
Low $12.00
$12.46
Current price
$20.23
Average price target

ARRY Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
5.64% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$341.6M
-2.51%
Net income
$19.3M
-16.09%
Profit margin
5.64%
-14.02%

ARRY Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 86.83%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.25
$0.47
$0.21
$0.21
-
Expected
$0.03
$0.18
$0.12
$0.11
-$0.03
Surprise
635.29%
161.26%
66.67%
86.83%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Array Technologies stock?

Array Technologies (ARRY) has a market cap of $1.96B as of April 15, 2024.

What is the P/E ratio for Array Technologies stock?

The price to earnings (P/E) ratio for Array Technologies (ARRY) stock is 23 as of April 15, 2024.

Does Array Technologies stock pay dividends?

No, Array Technologies (ARRY) stock does not pay dividends to its shareholders as of April 15, 2024.

When is the next Array Technologies dividend payment date?

Array Technologies (ARRY) stock does not pay dividends to its shareholders.

What is the beta indicator for Array Technologies?

Array Technologies (ARRY) has a beta rating of 1.67. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Array Technologies stock price target?

The target price for Array Technologies (ARRY) stock is $20.23, which is 61.2% above the current price of $12.55. This is an average based on projections from 24 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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