Array TechnologiesARRY
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: 1,013
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
317% more call options, than puts
Call options by funds: $94.2M | Put options by funds: $22.6M
23% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 87
2% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 47
0% more funds holding
Funds holding: 266 [Q1] → 267 (+1) [Q2]
8.68% less ownership
Funds ownership: 121.09% [Q1] → 112.41% (-8.68%) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 8 (-2) [Q2]
36% less capital invested
Capital invested by funds: $2.73B [Q1] → $1.75B (-$978M) [Q2]
Research analyst outlook
21 Wall Street Analysts provided 1 year price targets over the past 3 months
21 analyst ratings
Piper Sandler Kashy Harrison 57% 1-year accuracy 21 / 37 met price target | 6%upside $7 | Neutral Maintained | 22 Oct 2024 |
JP Morgan Paul Coster 100% 1-year accuracy 1 / 1 met price target | 202%upside $20 | Overweight Maintained | 17 Oct 2024 |
Susquehanna Biju Perincheril 32% 1-year accuracy 20 / 63 met price target | 51%upside $10 | Positive Maintained | 16 Oct 2024 |
Truist Securities Jordan Levy 22% 1-year accuracy 8 / 37 met price target | 51%upside $10 | Buy Maintained | 16 Oct 2024 |
BMO Capital Ameet Thakkar 73% 1-year accuracy 8 / 11 met price target | 36%upside $9 | Market Perform Maintained | 14 Oct 2024 |
