Array Technologies Inc (ARRY)

$11.22

+0.06

(+0.54%)▲

Market is closed - opens 7 PM, 29 Jul 2024

Performance

  • $11.16
    $11.64
    $11.22
    downward going graph

    0.58%

    Downside

    Day's Volatility :4.13%

    Upside

    3.57%

    downward going graph
  • $9.34
    $26.64
    $11.22
    downward going graph

    16.76%

    Downside

    52 Weeks Volatility :64.94%

    Upside

    57.88%

    downward going graph

Returns

PeriodArray Technologies IncSector (Industrials)Index (Russel 2000)
3 Months
-10.0%
1.2%
0.0%
6 Months
-14.29%
9.5%
0.0%
1 Year
-41.01%
12.5%
0.0%
3 Years
-14.68%
19.9%
-20.2%

Highlights

Market Capitalization
1.7B
Book Value
$1.52
Earnings Per Share (EPS)
0.38
PE Ratio
30.03
PEG Ratio
0.21
Wall Street Target Price
18.29
Profit Margin
8.11%
Operating Margin TTM
2.4%
Return On Assets TTM
6.28%
Return On Equity TTM
19.68%
Revenue TTM
1.4B
Revenue Per Share TTM
8.95
Quarterly Revenue Growth YOY
-59.3%
Gross Profit TTM
227.3M
EBITDA
211.5M
Diluted Eps TTM
0.38
Quarterly Earnings Growth YOY
-0.64
EPS Estimate Current Year
1.08
EPS Estimate Next Year
1.3
EPS Estimate Current Quarter
-0.03
EPS Estimate Next Quarter
0.16

Analyst Recommendation

Buy
    63%Buy
    33%Hold
    3%Sell
Based on 33 Wall street analysts offering stock ratings for Array Technologies Inc(by analysts ranked 0 to 5 stars)
Based on 33 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
21
20
20
Hold
11
12
11
Sell
1
1
00

Analyst Forecast

What analysts predicted

Upside of 63.01%

Current $11.22
Target $18.29

Company Financials

FY18Y/Y Change
Revenue
290.8M
↑ 92.76%
Net Income
-60.8M
↓ 52.94%
Net Profit Margin
-20.9%
↑ 64.7%
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
4.4M
↓ 108.79%
Net Profit Margin
0.27%
↑ 6.18%
FY23Y/Y Change
Revenue
1.6B
↓ 3.72%
Net Income
137.2M
↑ 2996.57%
Net Profit Margin
8.71%
↑ 8.44%
Q4 FY22Q/Q Change
Revenue
402.1M
↓ 21.93%
Net Income
-9.1M
↓ 122.41%
Net Profit Margin
-2.27%
↓ 10.16%
Q1 FY23Q/Q Change
Revenue
376.8M
↓ 6.29%
Net Income
29.6M
↓ 425.3%
Net Profit Margin
7.87%
↑ 10.14%
Q2 FY23Q/Q Change
Revenue
507.7M
↑ 34.76%
Net Income
64.8M
↑ 118.69%
Net Profit Margin
12.76%
↑ 4.89%
Q3 FY23Q/Q Change
Revenue
350.4M
↓ 30.98%
Net Income
23.2M
↓ 64.18%
Net Profit Margin
6.62%
↓ 6.14%
Q4 FY23Q/Q Change
Revenue
341.6M
↓ 2.52%
Net Income
23.1M
↓ 0.55%
Net Profit Margin
6.76%
↑ 0.14%
Q1 FY24Q/Q Change
Revenue
153.4M
↓ 55.09%
Net Income
2.2M
↓ 90.62%
Net Profit Margin
1.41%
↓ 5.35%
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
974.7M
↑ 32.27%
FY22Y/Y Change
Total Assets
1.7B
↑ 49.26%
Total Liabilities
1.3B
↑ 31.55%
FY23Y/Y Change
Total Assets
1.7B
↑ 0.04%
Total Liabilities
1.1B
↓ 14.5%
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%
Q3 FY23Q/Q Change
Total Assets
1.8B
↓ 4.0%
Total Liabilities
1.2B
↓ 6.3%
Q4 FY23Q/Q Change
Total Assets
1.7B
↓ 4.05%
Total Liabilities
1.1B
↓ 5.69%
Q1 FY24Q/Q Change
Total Assets
1.6B
↓ 4.54%
Total Liabilities
1.0B
↓ 5.74%
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
537.7M
↓ 515.98%
FY22Y/Y Change
Operating Cash Flow
141.5M
↓ 153.76%
Investing Cash Flow
-384.4M
↑ 2407.42%
Financing Cash Flow
8.4M
↓ 98.43%
Q4 FY22Q/Q Change
Operating Cash Flow
97.5M
↓ 6.98%
Investing Cash Flow
-3.9M
↑ 40.74%
Financing Cash Flow
-24.7M
↓ 72.41%
Q1 FY23Q/Q Change
Operating Cash Flow
45.8M
↓ 52.99%
Investing Cash Flow
-3.9M
↓ 1.22%
Financing Cash Flow
-23.8M
↓ 3.82%
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
7.41%
-14.29%
-41.01%
-14.68%
-69.38%
Nextracker Inc.
Nextracker Inc.
-0.52%
6.45%
17.91%
52.17%
52.17%
Sunrun Inc.
Sunrun Inc.
37.64%
22.07%
-13.29%
-65.1%
-6.87%
Enphase Energy, Inc.
Enphase Energy, Inc.
14.15%
11.53%
-32.21%
-33.48%
465.0%
First Solar, Inc.
First Solar, Inc.
-12.8%
46.24%
9.51%
165.75%
232.5%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Array Technologies Inc
Array Technologies Inc
30.03
30.03
0.21
1.08
0.2
0.06
NA
1.52
Nextracker Inc.
Nextracker Inc.
13.91
13.91
NA
2.72
0.67
0.19
NA
6.83
Sunrun Inc.
Sunrun Inc.
26.0
NA
0.45
-1.27
-0.35
-0.02
NA
23.48
Enphase Energy, Inc.
Enphase Energy, Inc.
124.37
124.37
1.75
2.58
0.14
0.02
NA
6.53
First Solar, Inc.
First Solar, Inc.
23.2
23.2
0.41
13.59
0.16
0.07
NA
64.49
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Array Technologies Inc
Array Technologies Inc
Buy
$1.7B
-69.38%
30.03
8.11%
Nextracker Inc.
Nextracker Inc.
Buy
$7.0B
52.17%
13.91
12.25%
Sunrun Inc.
Sunrun Inc.
Buy
$4.0B
-6.87%
26.0
-68.22%
Enphase Energy, Inc.
Enphase Energy, Inc.
Buy
$15.8B
465.0%
124.37
9.12%
First Solar, Inc.
First Solar, Inc.
Buy
$23.7B
232.5%
23.2
28.75%

Insights on Array Technologies Inc

  • Decreasing Revenue

    Revenue is down for the last 4 quarters, 507.72M → 153.40M (in $), with an average decrease of 29.5% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 4 quarters, 64.80M → 2.16M (in $), with an average decrease of 51.8% per quarter

  • Vs NXT

    In the last 1 year, Nextracker Inc. has given 17.9% return, outperforming this stock by 58.9%

Institutional Holdings

  • BlackRock Inc

    10.67%

  • Vanguard Group Inc

    9.22%

  • Hill City Capital, LP

    7.45%

  • Schroder Investment Management Group

    4.58%

  • NORGES BANK

    4.11%

  • Frontier Capital Management CO Inc

    3.74%

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
975
CEO
Mr. Kevin G. Hostetler
Industry
Health Technology

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