Array Technologies, Inc. (ARRY)

NASDAQ: ARRY · IEX Real-Time Price · USD
15.94
-0.05 (-0.31%)
Dec 5, 2023, 10:03 AM EST - Market open
-0.31%
Market Cap 2.42B
Revenue (ttm) 1.64B
Net Income (ttm) 54.68M
Shares Out 151.22M
EPS (ttm) 0.36
PE Ratio 44.42
Forward PE 13.43
Dividend n/a
Ex-Dividend Date n/a
Volume 268,530
Open 15.82
Previous Close 15.99
Day's Range 15.76 - 16.07
52-Week Range 13.34 - 26.64
Beta 1.65
Analysts Buy
Price Target 26.76 (+68.73%)
Earnings Date Nov 7, 2023

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 include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver 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 combination with machin... [Read more]

Industry Solar
Sector Technology
IPO Date Oct 15, 2020
Employees 1,082
Stock Exchange NASDAQ
Ticker Symbol ARRY
Full Company Profile

Financial Performance

In 2022, ARRY's revenue was $1.64 billion, an increase of 91.90% compared to the previous year's $853.32 million. Losses were -$43.62 million, -34.02% less than in 2021.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for ARRY stock is "Buy." The 12-month stock price forecast is $26.76, which is an increase of 68.73% from the latest price.

Price Target
$26.76
(68.73% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Array Technologies' Guidance Shows More Pain for Solar Stocks

Shares of the solar tracking solutions company are on pace for their worst day in more than two years.

26 days ago - Barrons

Array Technologies, Inc. Reports Financial Results for the Third Quarter 2023 – Continues strong operational execution; announced Chief Financial Officer transition

Third Quarter 2023 Highlights Revenue of $350.4 million(1) Net income to common shareholders of $10.1 million Adjusted EBITDA(2) of $57.4 million Basic and diluted net income per share of $0.07 Adjust...

27 days ago - GlobeNewsWire

Array Technologies Introduces Integrated Field Services and Customer Training Offerings to US Customers

ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce th...

4 weeks ago - GlobeNewsWire

Gov. Lujan Grisham and Array Technologies Announce N.M. Expansion

Global solar company's New Bernalillo County campus solidifies relationship with New Mexico Global solar company's New Bernalillo County campus solidifies relationship with New Mexico

4 weeks ago - GlobeNewsWire

Array Technologies, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2023 results aft...

6 weeks ago - GlobeNewsWire

LQR House Propels Von Payne Whiskey to Secure Its First Costco Purchase Order & Provides Corporate Update

- Strategic Marketing Leads Von Payne Whiskey to Prominent Retail Shelves - MIAMI BEACH, FL / ACCESSWIRE / September 29, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a leading ma...

Other symbols: LQR
2 months ago - Accesswire

Against the Grain: 2 Solar Energy Stocks Defying the Sell-Off

Like Icarus, solar stocks flew too close to the sun and burned out in 2023. While the S&P 500 index is trading up 20% year-to-date (YTD), the Invesco Solar ETF (NYSEARCA: TAN) is trading down 22.5%.

Other symbols: FSLR
2 months ago - MarketBeat

Array Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel Dynamics

LAS VEGAS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, has signed a long-term agreement ...

3 months ago - GlobeNewsWire

Long-standing Agreement Between Array Technologies and Extruded Aluminum Corporation Boosts US Manufacturing with Nearly $35 Million Investment in Michigan Facility Expansion

LAS VEGAS, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, reinforces their long-standing, 1...

3 months ago - GlobeNewsWire

These Are the Solar Power Winners and Losers of 2023 So Far

A record amount of solar panels are expected to be installed in the U.S. this year, but the fate of companies in the industry has diverged.

Other symbols: ENPHFSLRRUN
3 months ago - Barrons

Array Technologies Leads Solar Tracker Industry with Highest US Domestic Content Sourcing

ALBUQUERQUE, N.M., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracker solutions, is the front-runner in domestic content sourcing, c...

3 months ago - GlobeNewsWire

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2023 – Strong execution delivers revenue of $507.7 million and record gross margin of 29.6%

Second Quarter 2023 Highlights Revenue of $507.7 million Net income to common shareholders of $52.0 million Adjusted EBITDA(1) of $115.6 million Basic and diluted net income per share of $0.34 Adjuste...

4 months ago - GlobeNewsWire

Array Technologies Names Aaron Gabelnick as Chief Strategy and Technology Officer

Gabelnick joins Array with over 20 years of strategic global business experience Gabelnick joins Array with over 20 years of strategic global business experience

4 months ago - GlobeNewsWire

Array Technologies and Lock Joint Tube Collaborate on New Steel Tube Mill in Texas

ALBUQUERQUE, N.M., July 20, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy p...

4 months ago - GlobeNewsWire

Array Technologies, Inc. Announces Second Quarter 2023 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., July 18, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2023 results af...

4 months ago - GlobeNewsWire

Array Technologies Publishes Third Annual Environmental, Social, and Governance Report

The company achieved noteworthy progress in elevating sustainability goals and strengthening alignment with the company's vision and values The company achieved noteworthy progress in elevating sustai...

6 months ago - GlobeNewsWire

Array Launches Subscription Manager to Track and Manage Recurring Payments

NEW YORK--(BUSINESS WIRE)-- #embeddedbanking--Fintech Nexus - Array announced today the launch of Subscription Manager, an embeddable, private-label app that helps financial institutions, fintechs, an...

7 months ago - Business Wire

Array Technologies, Inc. Reports Financial Results for the First Quarter 2023 – Delivers strong results, with revenue of $376.8 million and gross margin of 26.9%

First Quarter 2023 Highlights Revenue of $376.8 million Net income to common shareholders of $13.6 million Adjusted EBITDA(1) of $67.0 million Basic and diluted net income per share of $0.09 Adjusted ...

7 months ago - GlobeNewsWire

Array Technologies Brings Solar Flare To 2023 Earnings Forecast

While it's not a great strategy to make a bet on a stock when it's close to reporting earnings, it's definitely good to keep a watch list of strong companies, like Array Technologies Inc. NASDAQ: ARRY...

7 months ago - MarketBeat

Array Technologies, Inc. Announces First Quarter 2023 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., April 18, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2023 results af...

8 months ago - GlobeNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Array Technologies, Inc. - ARRY

NEW YORK , April 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Array Technologies, Inc. ("Array" or the "Company") (NASDAQ: ARRY). Such investors are advised ...

8 months ago - PRNewsWire

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Array Technologies, Inc. Investors with Losses in Excess of $100K to Inquire About Class Action Investigation - ARRY

NEW YORK , March 25, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Array Technologies, ...

9 months ago - PRNewsWire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Array Technologie...

9 months ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) investors concerning the Compa...

9 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) on behalf of investors concerning the Co...

9 months ago - Business Wire