Array Technologies Inc (ARRY)

$23.2

-0.23

(-0.98%)▲

Market is closed - opens 7 PM, 29 Sep 2023

Insights on Array Technologies Inc

  • Increasing Revenue

    Revenue is up for the last 2 quarters, 376.77M → 507.72M (in $), with an average increase of 25.8% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 3 quarters, -5.25M → 64.80M (in $), with an average increase of 89.9% per quarter

Performance

  • $22.69
    $23.81
    $23.20
    downward going graph

    2.2%

    Downside

    Day's Volatility :4.7%

    Upside

    2.56%

    downward going graph
  • $13.86
    $26.64
    $23.20
    downward going graph

    40.26%

    Downside

    52 Weeks Volatility :47.97%

    Upside

    12.91%

    downward going graph

Returns

PeriodArray Technologies IncSector (Industrials)Index (Russel 2000)
3 Months
8.98%
-4.6%
0.0%
6 Months
19.42%
1.8%
-0.1%
1 Year
42.6%
20.9%
5.6%
3 Years
-35.72%
31.5%
17.6%

Highlights

Market Capitalization
3.7B
Book Value
$1.9
Dividend Share
0.0
Dividend Yield
0.0%
Earnings Per Share (EPS)
0.51
PE Ratio
48.25
PEG Ratio
1.93
Wall Street Target Price
29.68
Profit Margin
7.01%
Operating Margin TTM
10.31%
Return On Assets TTM
6.41%
Return On Equity TTM
26.05%
Revenue TTM
1.8B
Revenue Per Share TTM
11.97
Quarterly Revenue Growth YOY
20.9%
Gross Profit TTM
227.3M
EBITDA
264.7M
Diluted Eps TTM
0.51
Quarterly Earnings Growth YOY
-0.97
EPS Estimate Current Year
1.04
EPS Estimate Next Year
1.45
EPS Estimate Current Quarter
0.18
EPS Estimate Next Quarter
0.25

Analyst Recommendation

Buy
    81%Buy
    14%Hold
    3%Sell
Based on 27 Wall street analysts offering stock ratings for Array Technologies Inc(by analysts ranked 0 to 5 stars)
Based on 27 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
22
21
20
Hold
4
4
4
Sell
1
1
1

Analyst Forecast

What analysts predicted

Upside of 27.93%

Current $23.20
Target $29.68

Company Financials

FY17Y/Y Change
Revenue
150.9M
↑ 9.41%
Net Income
-116.8M
↑ 25.81%
Net Profit Margin
-77.43%
↓ 10.1%
FY18Y/Y Change
Revenue
290.8M
↑ 92.76%
Net Income
-60.8M
↓ 47.98%
Net Profit Margin
-20.9%
↑ 56.53%
FY19Y/Y Change
Revenue
647.9M
↑ 122.81%
Net Income
39.7M
↓ 165.41%
Net Profit Margin
6.13%
↑ 27.03%
FY20Y/Y Change
Revenue
872.7M
↑ 34.69%
Net Income
59.1M
↑ 48.63%
Net Profit Margin
6.77%
↑ 0.64%
FY21Y/Y Change
Revenue
853.3M
↓ 2.22%
Net Income
-50.4M
↓ 185.32%
Net Profit Margin
-5.91%
↓ 12.68%
FY22Y/Y Change
Revenue
1.6B
↑ 91.9%
Net Income
-14.3M
↓ 71.56%
Net Profit Margin
-0.88%
↑ 5.03%
Q1 FY22Q/Q Change
Revenue
219.9M
↑ 0.0%
Net Income
-21.9M
↑ 0.0%
Net Profit Margin
-9.96%
↑ 0.0%
Q2 FY22Q/Q Change
Revenue
424.9M
↑ 93.26%
Net Income
-2.8M
↓ 87.32%
Net Profit Margin
-0.65%
↑ 9.31%
Q3 FY22Q/Q Change
Revenue
515.0M
↑ 21.2%
Net Income
40.8M
↓ 1570.0%
Net Profit Margin
7.93%
↑ 8.58%
Q4 FY22Q/Q Change
Revenue
402.1M
↓ 21.93%
Net Income
-5.3M
↓ 112.86%
Net Profit Margin
-1.31%
↓ 9.24%
Q1 FY23Q/Q Change
Revenue
376.8M
↓ 6.29%
Net Income
26.1M
↓ 597.66%
Net Profit Margin
6.94%
↑ 8.25%
Q2 FY23Q/Q Change
Revenue
507.7M
↑ 34.76%
Net Income
64.8M
↑ 148.0%
Net Profit Margin
12.76%
↑ 5.82%
FY17Y/Y Change
Total Assets
279.1M
↑ 65.27%
Total Liabilities
267.4M
↑ 29.29%
FY18Y/Y Change
Total Assets
509.9M
↑ 82.65%
Total Liabilities
245.4M
↓ 8.24%
FY19Y/Y Change
Total Assets
923.6M
↑ 81.14%
Total Liabilities
618.4M
↑ 152.02%
FY20Y/Y Change
Total Assets
656.0M
↓ 28.97%
Total Liabilities
736.9M
↑ 19.16%
FY21Y/Y Change
Total Assets
1.1B
↑ 74.23%
Total Liabilities
729.4M
↓ 1.02%
FY22Y/Y Change
Total Assets
1.7B
↑ 47.14%
Total Liabilities
1.3B
↑ 82.67%
Q1 FY22Q/Q Change
Total Assets
1.1B
↑ 0.0%
Total Liabilities
729.4M
↓ 25.17%
Q2 FY22Q/Q Change
Total Assets
1.8B
↑ 55.33%
Total Liabilities
1.4B
↑ 94.01%
Q3 FY22Q/Q Change
Total Assets
1.7B
↓ 5.27%
Total Liabilities
1.3B
↓ 5.84%
Q4 FY22Q/Q Change
Total Assets
1.7B
↑ 1.44%
Total Liabilities
1.3B
↓ 3.77%
Q1 FY23Q/Q Change
Total Assets
1.8B
↑ 5.16%
Total Liabilities
1.3B
↓ 0.58%
Q2 FY23Q/Q Change
Total Assets
1.9B
↑ 3.27%
Total Liabilities
1.2B
↓ 2.69%
FY18Y/Y Change
Operating Cash Flow
-11.7M
↓ 70.24%
Investing Cash Flow
-6.4M
-
Financing Cash Flow
50.9M
↓ 69.51%
FY19Y/Y Change
Operating Cash Flow
386.1M
↓ 3392.17%
Investing Cash Flow
-1.7M
↓ 73.61%
Financing Cash Flow
-63.9M
↓ 225.72%
FY20Y/Y Change
Operating Cash Flow
-122.2M
↓ 131.65%
Investing Cash Flow
-1.3M
↓ 21.15%
Financing Cash Flow
-129.3M
↑ 102.16%
FY21Y/Y Change
Operating Cash Flow
-263.2M
↑ 115.37%
Investing Cash Flow
-15.3M
↑ 1045.89%
Financing Cash Flow
56.5M
↓ 143.73%
Q1 FY22Q/Q Change
Operating Cash Flow
-97.4M
↑ 0.0%
Investing Cash Flow
-376.2M
↑ 33942.81%
Financing Cash Flow
-131.5M
↓ 137.6%
Q2 FY22Q/Q Change
Operating Cash Flow
-10.7M
↓ 89.04%
Investing Cash Flow
-1.5M
↓ 99.59%
Financing Cash Flow
22.0M
↓ 116.7%
Q3 FY22Q/Q Change
Operating Cash Flow
104.8M
↓ 1082.35%
Investing Cash Flow
-2.8M
↑ 81.36%
Financing Cash Flow
-89.6M
↓ 507.77%
Q1 FY23Q/Q Change
Operating Cash Flow
45.8M
↓ 48.91%
Investing Cash Flow
-3.9M
-
Financing Cash Flow
-23.8M
-
Q2 FY23Q/Q Change
Operating Cash Flow
20.5M
↓ 55.17%
Investing Cash Flow
-5.5M
↑ 42.7%
Financing Cash Flow
-15.6M
↓ 34.55%

Technicals Summary

Sell

Neutral

Buy

Array Technologies Inc is currently in a neutral trading position according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Array Technologies Inc
Array Technologies Inc
0.64%
19.42%
42.6%
-35.72%
-35.72%
Solaredge Technologies, Inc.
Solaredge Technologies, Inc.
-20.72%
-53.92%
-45.66%
-44.7%
237.76%
Enphase Energy, Inc.
Enphase Energy, Inc.
-4.14%
-37.93%
-56.77%
48.65%
2321.57%
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc.
1.39%
-8.05%
-7.14%
-36.6%
-36.6%
First Solar, Inc.
First Solar, Inc.
-10.27%
-24.48%
16.46%
142.63%
227.57%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Array Technologies Inc
Array Technologies Inc
48.25
48.25
1.93
1.04
0.26
0.06
0.0
1.9
Solaredge Technologies, Inc.
Solaredge Technologies, Inc.
25.15
25.15
1.59
9.3
0.13
0.07
0.0
44.56
Enphase Energy, Inc.
Enphase Energy, Inc.
31.44
31.44
2.2
5.04
0.8
0.13
0.0
7.17
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc.
19.71
19.71
0.62
0.58
0.62
0.1
0.0
3.12
First Solar, Inc.
First Solar, Inc.
112.86
112.86
1.58
7.68
0.03
0.01
0.0
56.54
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Array Technologies Inc
Array Technologies Inc
Buy
$3.7B
-35.72%
48.25
7.01%
Solaredge Technologies, Inc.
Solaredge Technologies, Inc.
Buy
$7.2B
237.76%
25.15
8.29%
Enphase Energy, Inc.
Enphase Energy, Inc.
Buy
$16.2B
2321.57%
31.44
20.48%
Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc.
Buy
$3.5B
-36.6%
19.71
37.53%
First Solar, Inc.
First Solar, Inc.
Buy
$17.2B
227.57%
112.86
5.23%

Institutional Holdings

  • BlackRock Inc

    11.89%

  • Vanguard Group Inc

    9.11%

  • Frontier Capital Management CO Inc

    4.67%

  • FMR Inc

    4.36%

  • Electron Capital Partners, LLC

    3.57%

  • Amvescap Plc.

    3.12%

Company Information

array technologies, inc. is the global leader in solar tracking, with 9+ gw operational capacity and nearly three decades of experience. we’re the solar industry’s partner-of-choice for robust, reliable, and innovative tracking solutions guaranteed to deliver the lowest cost of ownership. through a continuous focus on engineered simplicity, array’s tracker solutions optimize for efficient installation and high reliability. the company is headquartered in new mexico and ships tracking solutions to solar projects worldwide.

Organization
Array Technologies Inc
Employees
1096
CEO
Mr. Nipul A. Patel
Industry
Health Technology

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