Array Technologies, Inc. (ARRY)

NASDAQ: ARRY · Real-Time Price · USD
5.51
-0.19 (-3.33%)
At close: Dec 12, 2024, 4:00 PM
5.53
+0.02 (0.36%)
After-hours: Dec 12, 2024, 7:16 PM EST
-3.33%
Market Cap 837.21M
Revenue (ttm) 982.19M
Net Income (ttm) -148.81M
Shares Out 151.94M
EPS (ttm) -0.98
PE Ratio n/a
Forward PE 7.81
Dividend n/a
Ex-Dividend Date n/a
Volume 5,927,488
Open 5.69
Previous Close 5.70
Day's Range 5.47 - 5.72
52-Week Range 5.47 - 20.15
Beta 1.60
Analysts Buy
Price Target 13.03 (+136.48%)
Earnings Date Nov 7, 2024

About ARRY

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combinati... [Read more]

Industry Solar
Sector Technology
IPO Date Oct 15, 2020
Employees 1,028
Stock Exchange NASDAQ
Ticker Symbol ARRY
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 23 analysts, the average rating for ARRY stock is "Buy." The 12-month stock price forecast is $13.03, which is an increase of 136.48% from the latest price.

Price Target
$13.03
(136.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Nextracker And Array Technologies: Both Look Promising, But One Is Clearly Best-In-Class

Nextracker and Array Technologies dominate the solar tracking market, with Nextracker showing superior financial performance and innovation, despite Array's broader technology offerings including dual...

Other symbols: NXT
2 days ago - Seeking Alpha

ARRAY Technologies and RP Surpass 6GW of Solar Power Deployed

ALBUQUERQUE, N.M., Dec. 04, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker solutions, announced today that it has deployed more...

8 days ago - GlobeNewsWire

ARRAY Technologies Names H. Keith Jennings as Chief Financial Officer

ARRAY new hire, H. Keith Jennings, brings over 30 years global experience in financial strategy, capital markets and corporate transformation to CFO role

9 days ago - GlobeNewsWire

ARRAY Announces $3 Million Investment in Swap Robotics to Drive Automation in PV Installation

ALBUQUERQUE, N.M., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker technology, is proud to announce its strategic $3 mi...

24 days ago - GlobeNewsWire

ARRAY Technologies Appoints Two Industry Veterans to Lead EMEA

ALBUQUERQUE, N.M., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in solar tracker solutions, announces the appointment of Leonardo Ser...

24 days ago - GlobeNewsWire

Array Technologies, Inc. (ARRY) Q3 2024 Earnings Call Transcript

Array Technologies, Inc. (NASDAQ:ARRY) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Sarah Sheppard - IR Kevin Hostetler - CEO Neil Manning - President and COO Kur...

5 weeks ago - Seeking Alpha

ARRAY Technologies, Inc. Reports Financial Results for the Third Quarter 2024 – Delivers exceptional gross margin growth and continued operational momentum

Third Quarter 2024 Highlights Revenue of $231.4 million Gross Margin of 33.8% Adjusted gross margin of 35.4%(1) Net loss to common shareholders of $(155.4) million Net loss to common shareholders incl...

5 weeks ago - GlobeNewsWire

Renewable-energy stocks tank after Trump wins White House

Trump, a climate change denier, is expected to upend green policies implemented by the current administration, which include solar tax credits and incentives that were part of incumbent President Joe ...

5 weeks ago - Market Watch

The Bottom Fishing Club - Array Technologies: Solar Industry Turnaround Possible After Election

Array Technologies is undervalued due to fears of potential tax-policy changes for the solar industry if Republicans sweep the 2024 election, alongside overly aggressive short-selling efforts. U.S. de...

6 weeks ago - Seeking Alpha

ARRAY Technologies, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2024 results aft...

2 months ago - GlobeNewsWire

Array: Not Yet In Fashion, But 3 Reasons To Consider A Nibble Now (Rating Upgrade)

Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short...

2 months ago - Seeking Alpha

ARRAY Technologies Introduces Reusable Packaging Option

ALBUQUERQUE, N.M., Sept. 10, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced the launch of a gro...

3 months ago - GlobeNewsWire

ARRAY Technologies Developing Industry-Leading 77-Degree Stow for Enhanced Hail Protection

ALBUQUERQUE, N.M., Sept. 09, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, is proud to announce the developmen...

3 months ago - GlobeNewsWire

Top 3 Industrials Stocks That May Rocket Higher This Month

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: HYZN
4 months ago - Benzinga

Array Technologies, Inc. (ARRY) Q2 2024 Earnings Call Transcript

Array Technologies, Inc. (NASDAQ:ARRY) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Sarah Sheppard - Investor Relations Kevin Hostetler - Chief Executive Officer Ne...

4 months ago - Seeking Alpha

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength

Second Quarter 2024 Highlights Revenue of $255.8 million Gross Margin of 33.6% Adjusted gross margin of 35.0%( 1) Net income to common shareholders of $12.0 million Adjusted EBITDA( 1) of $55.4 millio...

4 months ago - GlobeNewsWire

Array Technologies ($ARRY) Unveils SkyLink System to Maximize Solar Efficiency in Extreme Weather

Array Technologies (NASDAQ: ARRY), a global leader in utility-scale solar tracking solutions, has launched SkyLink, a revolutionary wireless tracker system. New features include an eight linked-row ar...

4 months ago - Green Stock News

Array Unveils SkyLink Tracker System to Maximize Solar Efficiency in Extreme Weather & Reduce Costs

ALBUQUERQUE, N.M., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a global leader in utility-scale solar tracking solutions, announced the launch of Sk...

4 months ago - GlobeNewsWire

Array Technologies, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., July 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2024 results after th...

5 months ago - GlobeNewsWire

Array Technologies Publishes 4th Annual Sustainability Disclosures

ALBUQUERQUE, N.M., July 16, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy p...

5 months ago - GlobeNewsWire

Array Technologies Charges Higher. A New Bull Sees a Bright Future.

Citi analysts upgraded shares of the solar energy company to Buy from Neutral.

5 months ago - Barrons

Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction Act

ALBUQUERQUE, N.M., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Kevin G.

6 months ago - GlobeNewsWire

Array Technologies Stock Slides. CFO Departure Is a ‘Surprise,' Analyst Says.

Chief Financial Officer Kurt Wood is stepping down from his position at Array effective June 30.

6 months ago - Barrons

Array Technologies Announces Departure of Chief Financial Officer

Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024 Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024

6 months ago - GlobeNewsWire

Array Technologies Appoints Neil Manning as President and Chief Operating Officer

ALBUQUERQUE, N.M., June 05, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy p...

6 months ago - GlobeNewsWire