ARRY vs. ALE, MGEE, OTTR, HE, UTL, NEE, SO, DUK, ETR, and PPL
Should you be buying Array Technologies stock or one of its competitors? The main competitors of Array Technologies include ALLETE (ALE), MGE Energy (MGEE), Otter Tail (OTTR), Hawaiian Electric Industries (HE), Unitil (UTL), NextEra Energy (NEE), Southern (SO), Duke Energy (DUK), Entergy (ETR), and PPL (PPL). These companies are all part of the "electric utilities" industry.
Array Technologies vs.
ALLETE (NYSE:ALE) and Array Technologies (NASDAQ:ARRY) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, profitability, dividends, community ranking, risk, valuation, analyst recommendations, media sentiment and institutional ownership.
In the previous week, ALLETE had 2 more articles in the media than Array Technologies. MarketBeat recorded 4 mentions for ALLETE and 2 mentions for Array Technologies. ALLETE's average media sentiment score of 0.51 beat Array Technologies' score of 0.16 indicating that ALLETE is being referred to more favorably in the media.
76.6% of ALLETE shares are held by institutional investors. 0.2% of ALLETE shares are held by insiders. Comparatively, 0.3% of Array Technologies shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
ALLETE has a net margin of 11.49% compared to Array Technologies' net margin of -9.59%. Array Technologies' return on equity of 75.57% beat ALLETE's return on equity.
ALLETE presently has a consensus price target of $63.00, indicating a potential downside of 4.09%. Array Technologies has a consensus price target of $11.19, indicating a potential upside of 60.55%. Given Array Technologies' higher possible upside, analysts clearly believe Array Technologies is more favorable than ALLETE.
ALLETE has higher revenue and earnings than Array Technologies. Array Technologies is trading at a lower price-to-earnings ratio than ALLETE, indicating that it is currently the more affordable of the two stocks.
ALLETE has a beta of 0.8, meaning that its share price is 20% less volatile than the S&P 500. Comparatively, Array Technologies has a beta of 1.61, meaning that its share price is 61% more volatile than the S&P 500.
Array Technologies received 306 more outperform votes than ALLETE when rated by MarketBeat users. Likewise, 66.41% of users gave Array Technologies an outperform vote while only 49.57% of users gave ALLETE an outperform vote.
Summary
ALLETE beats Array Technologies on 11 of the 19 factors compared between the two stocks.
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New MarketBeat Followers Over Time
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This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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This page (NASDAQ:ARRY) was last updated on 1/23/2025 by MarketBeat.com Staff