Array TechnologiesARRY
About: Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
Employees: 1,021
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
446% more call options, than puts
Call options by funds: $57.2M | Put options by funds: $10.5M
4% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 83
2.39% less ownership
Funds ownership: 116.8% [Q3] → 114.41% (-2.39%) [Q4]
11% less capital invested
Capital invested by funds: $1.19B [Q3] → $1.05B (-$135M) [Q4]
15% less funds holding
Funds holding: 274 [Q3] → 232 (-42) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
54% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 72
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Christopher Dendrinos 44% 1-year accuracy 8 / 18 met price target | 44%upside $7 | Sector Perform Initiated | 17 Mar 2025 |
Barclays Christine Cho 32% 1-year accuracy 19 / 59 met price target | 65%upside $8 | Overweight Maintained | 6 Mar 2025 |
UBS Jon Windham 13% 1-year accuracy 3 / 23 met price target | 44%upside $7 | Buy Maintained | 4 Mar 2025 |
Susquehanna Biju Perincheril 23% 1-year accuracy 15 / 64 met price target | 23%upside $6 | Neutral Maintained | 3 Mar 2025 |
Truist Securities Jordan Levy 12% 1-year accuracy 5 / 41 met price target | 65%upside $8 | Buy Reiterated | 3 Mar 2025 |
Financial journalist opinion









