ARRY icon

Array Technologies

4.78 USD
-0.51
9.64%
At close Apr 30, 4:00 PM EDT
After hours
4.78
+0.00
0.00%
1 day
-9.64%
5 days
10.39%
1 month
-1.85%
3 months
-36.01%
6 months
-23.15%
Year to date
-29.08%
1 year
-61.26%
5 years
-86.89%
10 years
-86.89%
 

About: Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its 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. Geographically, the company's 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: 1,021

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

446% more call options, than puts

Call options by funds: $57.2M | Put options by funds: $10.5M

4% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 83

1.85% less ownership

Funds ownership: 116.25% [Q3] → 114.41% (-1.85%) [Q4]

11% less capital invested

Capital invested by funds: $1.18B [Q3] → $1.05B (-$129M) [Q4]

15% less funds holding

Funds holding: 274 [Q3] → 232 (-42) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

54% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 72

Research analyst outlook

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

Low target
$6
26%
upside
Avg. target
$8.25
73%
upside
High target
$13
172%
upside

8 analyst ratings

positive
50%
neutral
50%
negative
0%
Truist Securities
Jordan Levy
22% 1-year accuracy
9 / 41 met price target
46%upside
$7
Buy
Reiterated
17 Apr 2025
RBC Capital
Christopher Dendrinos
69% 1-year accuracy
11 / 16 met price target
46%upside
$7
Sector Perform
Initiated
17 Mar 2025
Barclays
Christine Cho
35% 1-year accuracy
19 / 55 met price target
67%upside
$8
Overweight
Maintained
6 Mar 2025
UBS
Jon Windham
28% 1-year accuracy
7 / 25 met price target
46%upside
$7
Buy
Maintained
4 Mar 2025
Susquehanna
Biju Perincheril
24% 1-year accuracy
15 / 63 met price target
26%upside
$6
Neutral
Maintained
3 Mar 2025

Financial journalist opinion

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

Positive
Zacks Investment Research
21 hours ago
Array Technologies, Inc. (ARRY) Flat As Market Gains: What You Should Know
In the latest trading session, Array Technologies, Inc. (ARRY) closed at $5.29, marking no change from the previous day.
Array Technologies, Inc. (ARRY) Flat As Market Gains: What You Should Know
Positive
Zacks Investment Research
1 day ago
Array Technologies, Inc. (ARRY) Earnings Expected to Grow: Should You Buy?
Array Technologies (ARRY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Array Technologies, Inc. (ARRY) Earnings Expected to Grow: Should You Buy?
Neutral
GlobeNewsWire
2 weeks ago
ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call
ALBUQUERQUE, N.M., April 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its first quarter 2025 results before the market opens on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) that same day.
ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call
Neutral
GlobeNewsWire
2 weeks ago
ARRAY Technologies Appoints Nick Strevel as Senior Vice President of Product Management and Technical Sales
Veteran solar executive to lead global product strategy and build ARRAY's new technical sales function, enhancing innovation and customer engagement
ARRAY Technologies Appoints Nick Strevel as Senior Vice President of Product Management and Technical Sales
Negative
Zacks Investment Research
1 month ago
Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $5.69, indicating a -0.18% shift from the previous trading day.
Array Technologies, Inc. (ARRY) Stock Slides as Market Rises: Facts to Know Before You Trade
Neutral
Zacks Investment Research
1 month ago
Array Technologies, Inc. (ARRY) Rises But Trails Market: What Investors Should Know
The latest trading day saw Array Technologies, Inc. (ARRY) settling at $6.08, representing a +0.33% change from its previous close.
Array Technologies, Inc. (ARRY) Rises But Trails Market: What Investors Should Know
Neutral
Seeking Alpha
2 months ago
Array Technologies, Inc. (ARRY) Q4 2024 Earnings Call Transcript
Array Technologies, Inc. (NASDAQ:ARRY ) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Gina Gunning - Chief Legal Officer & Corporate Secretary Kevin Hostetler - Chief Executive Officer Neil Manning - President & Chief Operating Officer Keith Jennings - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Vikram Bagri - Citigroup Brian Lee - Goldman Sachs Joe Osha - Guggenheim Partners Maheep Mandloi - Mizuho Securities Colin Rusch - Oppenheimer Philip Shen - ROTH Capital Partners Operator Greetings and welcome to the Array Technologies Fourth Quarter and Full Year 2024 Earnings Call. At this time, all participants are in a listen-only.
Array Technologies, Inc. (ARRY) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
2 months ago
Array Technologies, Inc. (ARRY) Q4 Earnings Miss Estimates
Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.
Array Technologies, Inc. (ARRY) Q4 Earnings Miss Estimates
Neutral
GlobeNewsWire
2 months ago
ARRAY Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2024
Exceeds the mid-point of fourth quarter revenue guidance, achieves record gross margin on the full year, and delivers strong cash flow generation Exceeds the mid-point of fourth quarter revenue guidance, achieves record gross margin on the full year, and delivers strong cash flow generation
ARRAY Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2024
Positive
Seeking Alpha
2 months ago
Array Technologies: Convalescing Well, Ahead Of The Q4 Results
The stock of Array Technologies, which has shown steady improvement over the past 4 months now faces a crucial Q4 earnings event on the 27th of February. Q4 will be yet another quarter of sales decline, but from Q1 the trend is expected to reverse, and management may choose to lift their topline guidance for the whole year. Gross margins could continue to be resilient, but the adjusted EBITDA and cash flow generation may not be particularly robust, despite the potential of improved working capital management.
Array Technologies: Convalescing Well, Ahead Of The Q4 Results
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