Array Technologies (ARRY)

• Market cap: $1.09B
• 1 day: -0.14%
• 5 days: 12.42%
• 1 month: 30.71%
• 3 months: 7.04%
• 6 months: -36.16%
• Year to date: 6.08%
• 1 year: -46.60%
• 5 years: -80.38%
• 10 years: -80.38%
• Sector: Industrials
• Industry: Miscellaneous Manufacturing Industries

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

417% more call options, than puts

Call options by funds: $81.8M | Put options by funds: $15.8M

23% more repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 81

14% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 50

2% more funds holding

Funds holding: 268 [Q2] → 273 (+5) [Q3]

0.32% more ownership

Funds ownership: 116.49% [Q2] → 116.81% (+0.32%) [Q3]

35% less capital invested

Capital invested by funds: $1.81B [Q2] → $1.18B (-$630M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 8 [Q2] → 4 (-4) [Q3]

Research analyst outlook

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

• Low target: $6 16% downside
• Avg. target: $9.63 35% upside
• High target: $15 110% upside

8 analyst ratings

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

Susquehanna Biju Perincheril 39% 1-year accuracy 28 / 71 met price target	2% downside $7	Neutral Downgraded	10 Jan 2025
Wells Fargo Michael Blum 79% 1-year accuracy 27 / 34 met price target	2% downside $7	Equal-Weight Maintained	8 Jan 2025
Goldman Sachs Brian Lee 38% 1-year accuracy 31 / 82 met price target	54% upside $11	Buy Maintained	17 Dec 2024
UBS Jon Windham 37% 1-year accuracy 7 / 19 met price target	40% upside $10	Buy Maintained	8 Nov 2024
Roth MKM Philip Shen 16% 1-year accuracy 3 / 19 met price target	16% downside $6	Neutral Maintained	8 Nov 2024