Array Technologies (ARRY)

• Market cap: $766M
• 1 day: 10.09%
• 5 days: 17.84%
• 1 month: -10.83%
• 3 months: -28.59%
• 6 months: -22.05%
• Year to date: -25.52%
• 1 year: -57.96%
• 5 years: -86.23%
• 10 years: -86.23%
• Sector: Technology
• Industry: Solar

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 disclosures 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

1.85% less ownership

Funds ownership: 116.25% [Q3] → 114.41% (-1.85%) [Q4]

11% less capital invested

Capital invested by funds: $1.18B [Q3] → $1.05B (-$129M) [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

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6 20% upside
• Avg. target: $8.25 64% upside
• High target: $13 159% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

Truist Securities Jordan Levy 22% 1-year accuracy 9 / 41 met price target	39% upside $7	Buy Reiterated	17 Apr 2025
RBC Capital Christopher Dendrinos 63% 1-year accuracy 10 / 16 met price target	39% upside $7	Sector Perform Initiated	17 Mar 2025
Barclays Christine Cho 38% 1-year accuracy 21 / 55 met price target	59% upside $8	Overweight Maintained	6 Mar 2025
UBS Jon Windham 27% 1-year accuracy 7 / 26 met price target	39% upside $7	Buy Maintained	4 Mar 2025
Susquehanna Biju Perincheril 22% 1-year accuracy 14 / 63 met price target	20% upside $6	Neutral Maintained	3 Mar 2025