ARRY icon

Array Technologies

4.86 USD
-0.01
0.21%
Updated Apr 1, 3:27 PM EDT
1 day
-0.21%
5 days
-13.37%
1 month
-10.83%
3 months
-27.89%
6 months
-28.53%
Year to date
-27.89%
1 year
-66.92%
5 years
-86.67%
10 years
-33.42%
 

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

0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 9 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: 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

Low target
$6
23%
upside
Avg. target
$8.22
69%
upside
High target
$13
167%
upside

9 analyst ratings

positive
44%
neutral
56%
negative
0%
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

Negative
Zacks Investment Research
1 week ago
Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $5.69, indicating a -0.18% shift from the previous trading day.
Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
Neutral
Zacks Investment Research
2 weeks ago
Array Technologies, Inc. (ARRY) Rises But Trails Market: What Investors Should Know
The latest trading day saw Array Technologies, Inc. (ARRY) settling at $6.08, representing a +0.33% change from its previous close.
Array Technologies, Inc. (ARRY) Rises But Trails Market: What Investors Should Know
Neutral
Seeking Alpha
1 month ago
Array Technologies, Inc. (ARRY) Q4 2024 Earnings Call Transcript
Array Technologies, Inc. (NASDAQ:ARRY ) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Gina Gunning - Chief Legal Officer & Corporate Secretary Kevin Hostetler - Chief Executive Officer Neil Manning - President & Chief Operating Officer Keith Jennings - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Vikram Bagri - Citigroup Brian Lee - Goldman Sachs Joe Osha - Guggenheim Partners Maheep Mandloi - Mizuho Securities Colin Rusch - Oppenheimer Philip Shen - ROTH Capital Partners Operator Greetings and welcome to the Array Technologies Fourth Quarter and Full Year 2024 Earnings Call. At this time, all participants are in a listen-only.
Array Technologies, Inc. (ARRY) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
1 month ago
Array Technologies, Inc. (ARRY) Q4 Earnings Miss Estimates
Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.
Array Technologies, Inc. (ARRY) Q4 Earnings Miss Estimates
Neutral
GlobeNewsWire
1 month ago
ARRAY Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2024
Exceeds the mid-point of fourth quarter revenue guidance, achieves record gross margin on the full year, and delivers strong cash flow generation Exceeds the mid-point of fourth quarter revenue guidance, achieves record gross margin on the full year, and delivers strong cash flow generation
ARRAY Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2024
Positive
Seeking Alpha
1 month 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.
Array Technologies: Convalescing Well, Ahead Of The Q4 Results
Negative
Zacks Investment Research
1 month 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.
Array Technologies, Inc. (ARRY) Stock Falls Amid Market Uptick: What Investors Need to Know
Neutral
GlobeNewsWire
1 month 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.
ARRAY Technologies, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call
Neutral
MarketBeat
1 month 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.
2 Solar Stocks Heating Up for a Major Industry Rebound
Neutral
GlobeNewsWire
2 months 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.
ARRAY Technologies Names Gina Gunning as Chief Legal Officer
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