ARRY stock icon

Array Technologies
ARRY

$10.82
8.79%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 22 analysts
0
News positive %
of 4 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

Research analyst outlook

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

Low target
$12
11%
upside
Avg. target
$18.36
70%
upside
High target
$29
168%
upside

22 analyst ratings

12 positive
55%
10 neutral
45%
negative
0%
Scotiabank
Tristan Richardson
57%upside
$17
Sector Outperform
Maintained
8 Jul 2024
Susquehanna
Biju Perincheril
29%upside
$14
Positive
Initiated
28 Jun 2024
Morgan Stanley
Andrew Percoco
57%upside
$17
Equal-Weight
Maintained
23 May 2024
Wells Fargo
Michael Blum
29%upside
$14
Equal-Weight
Maintained
17 May 2024
Piper Sandler
Kashy Harrison
29%upside
$14
Neutral
Maintained
10 May 2024

Financial journalist opinion

Based on 4 articles about ARRY published over the past 30 days