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Array Technologies (ARRY)
NASDAQ:ARRY
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ARRY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$5.56 - $20.15
Previous Close$6.67
Volume3.36M
Average Volume (3M)5.91M
Market Cap
$978.41M
Enterprise Value$1.38B
Total Cash (Recent Filing)$282.32M
Total Debt (Recent Filing)$680.74M
Price to Earnings (P/E)60.9
Beta2.17
Next Earnings
Nov 07, 2024EPS Estimate
$0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.11
Shares Outstanding151,926,428
10 Day Avg. Volume5,150,699
30 Day Avg. Volume5,909,985
Standard Deviation0.22
R-Squared0.12
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)5.05
Price to Sales (P/S)0.89
Price to Cash Flow (P/CF)61.80
P/FCF Ratio134.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.25
Enterprise Value/Gross Profit3.31
Enterprise Value/Ebitda18.18
Forecast
1Y Price Target
$12.03Price Target Upside85.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering20
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Market PerformanceThe focus on building a higher quality backlog, competitive ASPs, improving cost structure and margin recovery should enable profitable market share gains.
Product LaunchThe launch of the H250, a lower price point tracker, in the US has provided room to capture those customers sensitive to CapEx increases.
Valuation And GrowthValuation looks compelling at current levels, with +50% upside potential to shares.
Bears Say
Backlog DecreaseManagement reduced backlog by approximately $300 million due to passing lower steel prices and as a customer doesn't require foundation with the tracker.
Guidance ReductionManagement lowered its 2024 outlook by about 30% for revenue/EBITDA/EPS.
Project Delays ImpactProject pushouts impacted FY24 guidance, reducing revenue expectation by $375mn or 28% at the midpoint.
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Ownership Overview
0.30% Insiders
18.41% Mutual Funds
3.78% Other Institutional Investors
54.12% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ARRY FAQ
What was Array Technologies’s price range in the past 12 months?
Array Technologies lowest stock price was $5.56 and its highest was $20.15 in the past 12 months.
What is Array Technologies’s market cap?
Currently, no data Available
When is Array Technologies’s upcoming earnings report date?
Array Technologies’s upcoming earnings report date is Nov 07, 2024 which is in 9 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on Aug 08, 2024. The company reported $0.2 earnings per share for the quarter, beating the consensus estimate of $0.109 by $0.091.
Is Array Technologies overvalued?
According to Wall Street analysts Array Technologies’s price is currently Undervalued.
Does Array Technologies pay dividends?
Array Technologies does not currently pay dividends.
What is Array Technologies’s EPS estimate?
Array Technologies’s EPS estimate is $0.13.
How many shares outstanding does Array Technologies have?
Array Technologies has 151,926,420 shares outstanding.
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of $0.2 in its last earnings report, beating expectations of $0.109. Following the earnings report the stock price went down -21.023%.
Which hedge fund is a major shareholder of Array Technologies?
Among the largest hedge funds holding Array Technologies’s share is ACK Asset Management LLC. It holds Array Technologies’s shares valued at 44M.
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Array Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$12.03 (85.65% Upside)
$12.03 (85.65% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 169.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-60.92%
12-Months-Change
Fundamentals
Return on Equity
11.83%
Trailing 12-Months
Asset Growth
-10.86%
Trailing 12-Months
Company Description
Array Technologies
Array Technologies Inc manufacturers of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in United States, Australia, and Rest of the World with United States deriving majority of the revenue.
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ARRY Company Deck
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ARRY Earnings Call
Q2 2024
0:00 / 0:00
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ARRY Stock 12 Month Forecast
Average Price Target
$12.03
▲(85.65% Upside)
Technical Analysis
Best Analysts Covering ARRY
1 Year
1 Year Success Rate
5/14 ratings generated profit
1 Year Average Return
+3.24%
reiterated a buy rating 6 months ago
Copying Donovan Schafer CFA's trades and holding each position for 1 Year would result in 35.71% of your transactions generating a profit, with an average return of +3.24% per trade.
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