NASDAQ:ARRY Array Technologies (ARRY) Stock Price, News & Analysis → The Only Energy Play You Should Be Looking At (From Wealthpin Pro) (Ad) Free ARRY Stock Alerts $14.18 -0.01 (-0.07%) (As of 05/31/2024 ET) Add Compare Share Share Today's Range$13.51▼$14.6950-Day Range$10.74▼$15.1052-Week Range$10.60▼$26.64Volume5.28 million shsAverage Volume6.45 million shsMarket Capitalization$2.15 billionP/E Ratio37.32Dividend YieldN/APrice Target$19.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Array Technologies alerts: Email Address Array Technologies MarketRank™ Stock AnalysisAnalyst RatingHold2.47 Rating ScoreUpside/Downside39.3% Upside$19.75 Price TargetShort InterestBearish18.05% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$100,565 Sold Last QuarterProj. Earnings Growth20.59%From $1.02 to $1.23 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.07 out of 5 starsOils/Energy Sector50th out of 241 stocksMiscellaneous Manufacturing Industries Industry2nd out of 8 stocks 4.2 Analyst's Opinion Consensus RatingArray Technologies has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 10 buy ratings, 8 hold ratings, and 1 sell rating.Amount of Analyst CoverageArray Technologies has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Array Technologies' stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.05% of the outstanding shares of Array Technologies have been sold short.Short Interest Ratio / Days to CoverArray Technologies has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in Array Technologies has recently increased by 4.86%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldArray Technologies does not currently pay a dividend.Dividend GrowthArray Technologies does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ARRY. Previous Next 3.5 News and Social Media Coverage News SentimentArray Technologies has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Array Technologies this week, compared to 3 articles on an average week.Search Interest17 people have searched for ARRY on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.MarketBeat Follows5 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Array Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $100,565.00 in company stock.Percentage Held by InsidersOnly 0.31% of the stock of Array Technologies is held by insiders.Read more about Array Technologies' insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Array Technologies are expected to grow by 20.59% in the coming year, from $1.02 to $1.23 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Array Technologies is 37.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Array Technologies is 37.32, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.19.Price to Earnings Growth RatioArray Technologies has a PEG Ratio of 0.81. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioArray Technologies has a P/B Ratio of 9.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Array Technologies' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Wealthpin ProThe Only Energy Play You Should Be Looking AtOpen AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has already inked deals with the Department of Energy.Click here to get all the information about it. About Array Technologies Stock (NASDAQ:ARRY)Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.Read More ARRY Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ARRY Stock News HeadlinesMay 23, 2024 | finance.yahoo.comArray Technologies, Inc.'s (NASDAQ:ARRY) Intrinsic Value Is Potentially 46% Above Its Share PriceMay 21, 2024 | bizjournals.comNew Mexicans to Know: Roman Romero has spent 17 years helping Array Technologies growMay 18, 2024 | markets.businessinsider.comWall Street’s New Darlings: 3 Stocks Soaking Up Analyst LoveMay 18, 2024 | investorplace.comWall Street's New Darlings: 3 Stocks Soaking Up Analyst LoveMay 17, 2024 | markets.businessinsider.comDeep Dive Into Array Technologies Stock: Analyst Perspectives (16 Ratings)May 13, 2024 | markets.businessinsider.comBalancing Act: Strong Performance Amidst Market Uncertainties Justifies Hold Rating on Array TechnologiesMay 13, 2024 | investorplace.comGreen Energy Gambles: 7 Speculative Plays for the Planet-Conscious InvestorMay 13, 2024 | seekingalpha.comArray Technologies: Intrigued But Not Yet ConvincedMay 12, 2024 | msn.comOppenheimer Upgrades Array Technologies (ARRY)May 10, 2024 | msn.comArray Technologies shines after surprise Q1 profit; Oppenheimer upgradesMay 10, 2024 | finance.yahoo.comArray Technologies Stock Jumps, Bucking the Solar TrendMay 10, 2024 | finance.yahoo.comArray Technologies Inc (ARRY) Q1 2024 Earnings: Misses EPS Estimates Despite Revenue BeatMay 10, 2024 | finance.yahoo.comArray Technologies, Inc. (NASDAQ:ARRY) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Technology Stocks: Grab (GRAB), Array Technologies (ARRY) and Akamai (AKAM)May 10, 2024 | seekingalpha.comArray Technologies, Inc. (ARRY) Q1 2024 Earnings Call TranscriptMay 10, 2024 | markets.businessinsider.comArray Technologies: A Strong Buy on Impressive Quarterly Performance and Promising Future GrowthMay 9, 2024 | msn.comArray Technologies Stock Heats Up On Q1 Earnings As Momentum From Q4 Continues Into New YearMay 9, 2024 | investorplace.comARRY Stock Earnings: Array Technologies Beats EPS, Beats Revenue for Q1 2024May 9, 2024 | seekingalpha.comArray Technologies, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 9, 2024 | globenewswire.comArray Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded ordersMay 6, 2024 | globenewswire.comArray and DNV Release Report on Solar Tracker Wind Stow Strategies' Energy ImpactMay 2, 2024 | investorplace.comStock Market Crash Alert: 3 Must-Buy Solar Stocks When Prices PlungeMay 2, 2024 | finance.yahoo.comArray Technologies (NASDAQ:ARRY) Is Experiencing Growth In Returns On CapitalApril 26, 2024 | globenewswire.comArray Hosts U.S. Energy Secretary Granholm, New Mexico Senators to Break Ground on New Solar Manufacturing FacilityApril 24, 2024 | businesswire.comEPC Power names Jim Fusaro as CEOSee More Headlines Receive ARRY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Array Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Today6/01/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Miscellaneous manufacturing industries Sub-IndustryElectric Utilities Current SymbolNASDAQ:ARRY CUSIP04269X10 CIK1100412 Webarraytechinc.com Phone505-881-7567FaxN/AEmployees1,028Year FoundedN/APrice Target and Rating Average Stock Price Target$19.75 High Stock Price Target$37.00 Low Stock Price Target$12.00 Potential Upside/Downside+39.3%Consensus RatingHold Rating Score (0-4)2.47 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.38 Trailing P/E Ratio37.32 Forward P/E Ratio13.90 P/E Growth0.81Net Income$137.24 million Net Margins8.09% Pretax Margin10.54% Return on Equity59.49% Return on Assets9.02% Debt Debt-to-Equity Ratio2.84 Current Ratio2.73 Quick Ratio2.10 Sales & Book Value Annual Sales$1.35 billion Price / Sales1.59 Cash Flow$1.83 per share Price / Cash Flow7.76 Book Value$1.52 per share Price / Book9.33Miscellaneous Outstanding Shares151,769,000Free Float151,299,000Market Cap$2.15 billion OptionableOptionable Beta1.70 Social Links A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Kevin G. Hostetler (Age 56)CEO & Director Comp: $2.12MMr. Kurt R. Wood (Age 49)Chief Financial Officer Comp: $354.81kMr. Neil Manning (Age 53)Chief Operating Officer Comp: $826.52kMr. Tyson K. Hottinger (Age 43)Chief Legal Officer Comp: $653.7kMr. Terrance L. Collins (Age 59)Chief Human Resources Officer Comp: $713.48kMr. James Zhu (Age 62)Chief Accounting Officer Mr. Aaron GabelnickChief Strategy & Technology OfficerMr. Travis Rose (Age 50)Chief Revenue Officer Comp: $497.55kMs. Jessica Lawrence-VacaSenior Vice President, policy & external affairsMore ExecutivesKey CompetitorsGibraltar IndustriesNASDAQ:ROCKOGE EnergyNYSE:OGEIDACORPNYSE:IDAPortland General ElectricNYSE:POROtter TailNASDAQ:OTTRView All CompetitorsInsiders & InstitutionsCetera Advisors LLCBought 14,635 shares on 5/24/2024Ownership: 0.010%Redwood Grove Capital LLCBought 230,102 shares on 5/23/2024Ownership: 0.742%Swedbank ABBought 2,449,500 shares on 5/21/2024Ownership: 1.614%Tidal Investments LLCBought 39,224 shares on 5/17/2024Ownership: 0.055%Walleye Trading LLCSold 68,300 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ARRY Stock Analysis - Frequently Asked Questions Should I buy or sell Array Technologies stock right now? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Array Technologies in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ARRY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARRY, but not buy additional shares or sell existing shares. View ARRY analyst ratings or view top-rated stocks. What is Array Technologies' stock price target for 2024? 19 analysts have issued 1 year price targets for Array Technologies' stock. Their ARRY share price targets range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $19.75 in the next year. This suggests a possible upside of 39.3% from the stock's current price. View analysts price targets for ARRY or view top-rated stocks among Wall Street analysts. How have ARRY shares performed in 2024? Array Technologies' stock was trading at $16.80 at the start of the year. Since then, ARRY stock has decreased by 15.6% and is now trading at $14.18. View the best growth stocks for 2024 here. When is Array Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our ARRY earnings forecast. How were Array Technologies' earnings last quarter? Array Technologies, Inc. (NASDAQ:ARRY) announced its quarterly earnings data on Thursday, May, 9th. The solar tracking solution reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.10. The solar tracking solution had revenue of $153.40 million for the quarter, compared to analyst estimates of $141.24 million. Array Technologies had a trailing twelve-month return on equity of 59.49% and a net margin of 8.09%. The company's quarterly revenue was down 59.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. What ETFs hold Array Technologies' stock? ETFs with the largest weight of Array Technologies (NASDAQ:ARRY) stock in their portfolio include Invesco Solar ETF (TAN), Global X Solar ETF (RAYS), Global X Clean Tech ETF (CTEC), ProShares S&P Kensho Cleantech ETF (CTEX), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), ALPS Clean Energy ETF (ACES), SPDR S&P Kensho Clean Power ETF (CNRG) and Fidelity Clean Energy ETF (FRNW). What guidance has Array Technologies issued on next quarter's earnings? Array Technologies issued an update on its FY 2024 earnings guidance on Thursday, May, 9th. The company provided EPS guidance of 1.000-1.150 for the period, compared to the consensus EPS estimate of 1.070. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. What other stocks do shareholders of Array Technologies own? Based on aggregate information from My MarketBeat watchlists, some companies that other Array Technologies investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), (MDVN) (MDVN), Incyte (INCY), First Solar (FSLR), Dynavax Technologies (DVAX), United Airlines (UAL), Exelixis (EXEL), (KITE) (KITE) and Omeros (OMER). When did Array Technologies IPO? Array Technologies (ARRY) raised $676 million in an initial public offering (IPO) on Thursday, October 15th 2020. The company issued 33,800,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, JPMorgan Securities, Guggenheim Securities and Morgan Stanley served as the underwriters for the IPO and Credit Suisse, Barclays and UBS Investment Bank were co-managers. Who are Array Technologies' major shareholders? Array Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.23%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.05%), Robeco Schweiz AG (1.68%), Swedbank AB (1.61%), Van ECK Associates Corp (0.87%) and Redwood Grove Capital LLC (0.74%). Insiders that own company stock include Erica Brinker, Gerrard Schmid, Kenneth R Stacherski, Kevin G Hostetler, Nipul M Patel and Tyson Hottinger. View institutional ownership trends. How do I buy shares of Array Technologies? Shares of ARRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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