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Array Technologies (ARRY)
NASDAQ:ARRY
Array Technologies (ARRY) Stock Price & Analysis
1,282 Followers
ARRY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$9.34 - $26.64
Previous Close$11.22
Volume3.24M
Average Volume (3M)5.51M
Market Cap
$1.70B
Enterprise Value$2.10B
Total Cash (Recent Filing)$287.62M
Total Debt (Recent Filing)$680.20M
Price to Earnings (P/E)30.1
Beta2.39
Next Earnings
Aug 08, 2024EPS Estimate
$0.11Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.37
Shares Outstanding151,769,152
10 Day Avg. Volume4,855,123
30 Day Avg. Volume5,513,521
Standard Deviation0.22
R-Squared0.15
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-10.16
Price to Sales (P/S)1.09
Price to Cash Flow (P/CF)9.00
P/FCF Ratio27.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.55
Enterprise Value/Gross Profit5.04
Enterprise Value/Ebitda14.93
Forecast
1Y Price Target
$17.66Price Target Upside57.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
Array Technologies News
Bulls Say, Bears Say
Bulls Say
Bookings And RevenueARRY reported a significant increase in net bookings of ~$400mn, underlining the company's ability to capture new opportunities and boost revenue.
Financial PerformanceManagement is optimistic about sustaining a 30% gross margin in 2025, showing confidence in the company's financial stability.
Market Share And BacklogARRY should regain market share and exit 2024 with a record backlog, indicating strong business momentum.
Bears Say
Freight Costs & Revenue GuidanceFreight costs are expected to impact near-term results and revenue guidance has been cut more than anticipated.
New Tariffs & DutiesNew potential AD/CVD duties and solar tariffs could limit solar panel availability and delay installation schedules.
Revenue GuidanceQ2 revenue guidance was below consensus, and the company expects a second-half weighted year which could still be at risk of further delays.
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Ownership Overview
1.70% Insiders
25.03% Mutual Funds
26.08% Other Institutional Investors
47.19% 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 $9.34 and its highest was $26.64 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 Aug 08, 2024 which is in 12 days.
How were Array Technologies’s earnings last quarter?
Array Technologies released its earnings results on May 09, 2024. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of -$0.035 by $0.095.
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 $0.11.
How many shares outstanding does Array Technologies have?
Array Technologies has 151,769,150 shares outstanding.
What happened to Array Technologies’s price movement after its last earnings report?
Array Technologies reported an EPS of $0.06 in its last earnings report, beating expectations of -$0.035. Following the earnings report the stock price went up 1.998%.
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 39M.
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Array Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.66 (57.40% Upside)
$17.66 (57.40% Upside)
Blogger Sentiment
Bullish
ARRY Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 2.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 6.4%
Last 30 Days ▲ 6.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-40.69%
12-Months-Change
Fundamentals
Return on Equity
19.64%
Trailing 12-Months
Asset Growth
-9.19%
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
Q1 2024
0:00 / 0:00
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ARRY Stock 12 Month Forecast
Average Price Target
$17.66
▲(57.40% Upside)
Technical Analysis
Best Analysts Covering ARRY
1 Year
1 Year Success Rate
4/9 ratings generated profit
1 Year Average Return
+15.83%
reiterated a buy rating 17 days ago
Copying Joseph Osha's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of +15.83% per trade.
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