Array Technologies
ARRY

$11.22

0.36%

Market Cap: 1.7B

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: 975

Industrials Miscellaneous Manufacturing Industries

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 22 analysts

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

197% more call options, than puts

Call options by funds: $189M | Put options by funds: $63.6M

10% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 87

5.54% more ownership

Funds ownership: 112.24% [Q4 2023] → 117.77% (+5.54%) [Q1 2024]

4% less funds holding

Funds holding: 276 [Q4 2023] → 264 (-12) [Q1 2024]

7% less capital invested

Capital invested by funds: $2.85B [Q4 2023] → $2.65B (-$194M) [Q1 2024]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q4 2023] → 10 (-1) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 54 | Existing positions closed: 66

See Fund Rankings

Research analyst outlook

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

Low target

$12

7%

upside

Avg. target

$18.41

64%

upside

High target

$29

158%

upside

22 analyst ratings

13 positive

59%

9 neutral

41%

0 negative

0%

JP Morgan Paul Coster	141%upside $27	Overweight Maintained	16 Jul 2024
Citigroup Vikram Bagri	25%upside $14	Buy Upgraded	12 Jul 2024
Scotiabank Tristan Richardson	52%upside $17	Sector Outperform Maintained	8 Jul 2024
Susquehanna Biju Perincheril	25%upside $14	Positive Initiated	28 Jun 2024
Morgan Stanley Andrew Percoco	52%upside $17	Equal-Weight Maintained	23 May 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about ARRY published over the past 30 days

Zacks Investment Research

Array Technologies, Inc. (ARRY) Ascends But Remains Behind Market: Some Facts to Note

Array Technologies, Inc. (ARRY) reachead $11.22 at the closing of the latest trading day, reflecting a +0.54% change compared to its last close.

Array Technologies, Inc. (ARRY) Ascends But Remains Behind Market: Some Facts to Note

Zacks Investment Research

Array Technologies, Inc. (ARRY) Suffers a Larger Drop Than the General Market: Key Insights

In the closing of the recent trading day, Array Technologies, Inc. (ARRY) stood at $10.52, denoting a -1.68% change from the preceding trading day.

Array Technologies, Inc. (ARRY) Suffers a Larger Drop Than the General Market: Key Insights

Array Technologies, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., July 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8ᵗʰ, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces Second Quarter 2024 Earnings Release Date and Conference Call

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Array Technologies Publishes 4th Annual Sustainability Disclosures

ALBUQUERQUE, N.M., July 16, 2024 (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 published its fourth annual ESG and sustainability disclosures in line with the company's ongoing commitment to customers, investors, and key stakeholders to generate energy with integrity.

Array Technologies Publishes 4th Annual Sustainability Disclosures

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Undervalued solar stocks are quality investments as they are tapping a market expected to grow 7.3% yearly until 2029. In 2023, solar energy generated 5.6% of U.S. power, up from 4.8% a year earlier; California has the most solar power, 27.3%.

The 3 Most Undervalued Solar Stocks to Buy in July 2024

Array Technologies Charges Higher. A New Bull Sees a Bright Future.

Citi analysts upgraded shares of the solar energy company to Buy from Neutral.

Array Technologies Charges Higher. A New Bull Sees a Bright Future.

3 Solar Stocks Best Positioned to Benefit From AI

Solar stocks have been relatively hard hit due to the ongoing quantitative tightening that is resulted from high inflation. While the sector has suffered as the economy tackles inflation, a silver lining appears to be emerging.

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Solar stocks to buy on the dip are witnessing renewed enthusiasm with the recent positive economic developments. May's cooling inflation rates have weighed down U.S. Treasury yields, ramping up speculation around a potential September interest rate cut.

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