Array TechnologiesARRY
ARRY
About: Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's 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. Its 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: 961
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
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: 85 | Existing positions reduced: 82
2.42% less ownership
Funds ownership: 116.81% [Q3] → 114.39% (-2.42%) [Q4]
11% less capital invested
Capital invested by funds: $1.19B [Q3] → $1.05B (-$135M) [Q4]
16% less funds holding
Funds holding: 274 [Q3] → 230 (-44) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
53% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 70
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7
6%
upside
Avg. target
$8.50
29%
upside
High target
$11
67%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Exane BNP Paribas Moses Sutton 67% 1-year accuracy 2 / 3 met price target | 37%upside $9 | Neutral Upgraded | 6 Feb 2025 |
Susquehanna Biju Perincheril 26% 1-year accuracy 17 / 66 met price target | 6%upside $7 | Neutral Downgraded | 10 Jan 2025 |
Wells Fargo Michael Blum 75% 1-year accuracy 27 / 36 met price target | 6%upside $7 | Equal-Weight Maintained | 8 Jan 2025 |
Goldman Sachs Brian Lee 43% 1-year accuracy 35 / 82 met price target | 67%upside $11 | Buy Maintained | 17 Dec 2024 |
Financial journalist opinion
Based on 5 articles about ARRY published over the past 30 days
Positive
Seeking Alpha
3 days ago
Array Technologies: Convalescing Well, Ahead Of The Q4 Results
The stock of Array Technologies, which has shown steady improvement over the past 4 months now faces a crucial Q4 earnings event on the 27th of February. Q4 will be yet another quarter of sales decline, but from Q1 the trend is expected to reverse, and management may choose to lift their topline guidance for the whole year. Gross margins could continue to be resilient, but the adjusted EBITDA and cash flow generation may not be particularly robust, despite the potential of improved working capital management.
Negative
Zacks Investment Research
1 week ago
Array Technologies, Inc. (ARRY) Stock Falls Amid Market Uptick: What Investors Need to Know
In the closing of the recent trading day, Array Technologies, Inc. (ARRY) stood at $7.21, denoting a -1.23% change from the preceding trading day.
Neutral
GlobeNewsWire
2 weeks ago
ARRAY Technologies, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
ALBUQUERQUE, N.M., Feb. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 27, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
Neutral
MarketBeat
2 weeks ago
2 Solar Stocks Heating Up for a Major Industry Rebound
With the Trump administration back in the White House, investors would believe that renewable energy would be a losing game under the “Drill, baby, drill” policies. Trump's efforts to revoke Biden-era policies like the electric vehicle (EV) mandate assume the clean energy theme is doomed on Wall Street.
Neutral
GlobeNewsWire
3 weeks ago
ARRAY Technologies Names Gina Gunning as Chief Legal Officer
ALBUQUERQUE, N.M., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced the appointment of Gina Gunning as its new chief legal officer and corporate secretary, effective immediately.
Neutral
GlobeNewsWire
1 month ago
ARRAY Technologies Names Darin Green as Chief Revenue Officer for North America
ALBUQUERQUE, N.M., Jan. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Darin Green as its chief revenue officer for North America, effective today, January 6.
Positive
Seeking Alpha
2 months ago
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-axis systems. Both companies face increasing competition and pricing pressures, but the growing solar industry and declining costs of materials like steel offer potential for recovery. Nextracker's better capital allocation and manufacturing efficiencies position it as a cautious buy, while Array's cheaper valuation and strong FCF make it a potential value play.
Neutral
GlobeNewsWire
2 months ago
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 than 6GW of solar projects in North America through its partnership with RP Construction Services (RP), a leading value-added distributor of solar construction materials.
Neutral
GlobeNewsWire
2 months ago
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
Neutral
GlobeNewsWire
3 months ago
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 million investment in Swap Robotics, a pioneer in utility-scale solar robotic operations, maintenance, and automation solutions.
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