Array Technologies, Inc. (ARRY)
| 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]
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 StatementsAnalyst 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.
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.
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...
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...
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
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...
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...
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%.
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 ...
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...
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.
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...
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...
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
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...
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...
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...
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...
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 ...
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...
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...
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 ...
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, ...
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...
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...
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...