We rank companies based on fund manager, research analyst and news sentiment
ARRY stock icon

Array Technologies
ARRY

$11.69
3.9%
 

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: 1,028

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 24 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

103% more call options, than puts

Call options by funds: $121M | Put options by funds: $59.4M

83% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 11 (+5) [Q4]

8.09% more ownership

Funds ownership: 104.02% [Q3] → 112.11% (+8.09%) [Q4]

9% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 95

6% less funds holding

Funds holding: 291 [Q3] → 273 (-18) [Q4]

18% less capital invested

Capital invested by funds: $3.48B [Q3] → $2.85B (-$638M) [Q4]

26% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 69

Research analyst outlook

24 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$12
3%
upside
Avg. target
$22
86%
upside
High target
$31
165%
upside

24 analyst ratings

12 positive
50%
12 neutral
50%
negative
0%
Mizuho
Maheep Mandloi
37%upside
$16
Neutral
Maintained
19 Apr 2024
Piper Sandler
Kashy Harrison
11%upside
$13
Neutral
Maintained
11 Apr 2024
Guggenheim
Joseph Osha
88%upside
$22
Buy
Maintained
5 Apr 2024
Barclays
Christine Cho
54%upside
$18
Overweight
Upgraded
2 Apr 2024
BMO Capital
Ameet Thakkar
37%upside
$16
Market Perform
Initiated
22 Mar 2024

Financial journalist opinion

Based on 8 articles about ARRY published over the past 30 days