Array Technologies (ARRY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $6.04 to $6.57
• 50-Day Range: $5.90 to $7.96
• 52-Week Range: $3.76 to $9.78
• Volume: 8.28 million shs
• Average Volume: 5.75 million shs
• Market Capitalization: $924.45 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.95
• Consensus Rating: Hold

Array Technologies Stock Analysis - MarketRank™

Array Technologies scored higher than 72% of companies evaluated by MarketBeat, and ranked 105th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Array Technologies has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 10 buy ratings, 12 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Array Technologies has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 25.00%

Earnings Growth

Earnings for Array Technologies are expected to grow by 25.00% in the coming year, from $0.56 to $0.70 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Array Technologies is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Array Technologies is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Array Technologies has a PEG Ratio of 0.50. PEG Ratios below 1 indicate that a company could be undervalued.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.19% of the outstanding shares of Array Technologies have been sold short.

Short Interest Ratio / Days to Cover

Array Technologies has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Array Technologies has recently increased by 1.46%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Array Technologies does not currently pay a dividend.

Dividend Growth

Array Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

19.19% of the outstanding shares of Array Technologies have been sold short.

Short Interest Ratio / Days to Cover

Array Technologies has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Array Technologies has recently increased by 1.46%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.33

News Sentiment

Array Technologies has a news sentiment score of 0.33. 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 lower news sentiment than the 0.74 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Array Technologies this week, compared to 3 articles on an average week.

Search Interest

6 people have searched for ARRY on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Array Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Array Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.45% of the stock of Array Technologies is held by insiders.

ARRY Stock Analysis - Frequently Asked Questions

How have ARRY shares performed this year?

Array Technologies' stock was trading at $6.04 at the beginning of 2025. Since then, ARRY shares have increased by 0.3% and is now trading at $6.06.

How were Array Technologies' earnings last quarter?

Array Technologies, Inc. (NASDAQ:ARRY) announced its quarterly earnings results on Tuesday, May, 6th. The solar tracking solution reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. Array Technologies's revenue was up 97.1% compared to the same quarter last year.
Read the conference call transcript.

When did Array Technologies IPO?

Array Technologies (ARRY) raised $676 million in an 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 acted 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' top institutional shareholders include Assenagon Asset Management S.A. (2.31%), Swedbank AB (0.36%), E. Ohman J or Asset Management AB (0.11%) and DekaBank Deutsche Girozentrale (0.09%). Insiders that own company stock include Kevin G Hostetler, Kenneth R Stacherski, Nipul M Patel, Tyson Hottinger, Gerrard Schmid and Neil Manning.
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.

What other stocks do shareholders of Array Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Array Technologies investors own include Symbotic (SYM), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ), Voya Infrastructure, Industrials and Materials Fund (IDE), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD) and First Solar (FSLR).

Company Calendar

• Last Earnings: 5/06/2025
• Today: 8/01/2025
• Next Earnings (Estimated): 8/07/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electric Utilities
• Current Symbol: NASDAQ:ARRY
• CIK: 1820721
• Web: arraytechinc.com
• Phone: 505-881-7567
• Fax: N/A
• Employees: 1,021
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Array Technologies: $8.95
• High Price Target: $13.00
• Low Price Target: $5.00
• Potential Upside/Downside: +47.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.45
• Research Coverage: 22 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.85)
• Trailing P/E Ratio: 10.48
• Forward P/E Ratio: 10.82
• P/E Growth: 0.5
• Net Income: -$240.39 million
• Net Margins: -21.21%
• Pretax Margin: -21.67%
• Return on Equity: 1,227.67%
• Return on Assets: 9.83%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.39
• Quick Ratio: 1.93

Sales & Book Value

• Annual Sales: $915.81 million
• Price / Sales: 1.01
• Cash Flow: $2.65 per share
• Price / Cash Flow: 2.29
• Book Value: ($0.78) per share
• Price / Book: -7.77

Miscellaneous

• Outstanding Shares: 152,550,000
• Free Float: 151,861,000
• Market Cap: $924.45 million
• Optionable: Optionable
• Beta: 1.74