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Array Technologies (ARRY) Competitors

Array Technologies logo
$5.90 -0.20 (-3.28%)
(As of 01:00 PM ET)

ARRY vs. MGEE, OTTR, HE, UTL, NEE, SO, DUK, ETR, EIX, and PPL

Should you be buying Array Technologies stock or one of its competitors? The main competitors of Array Technologies include MGE Energy (MGEE), Otter Tail (OTTR), Hawaiian Electric Industries (HE), Unitil (UTL), NextEra Energy (NEE), Southern (SO), Duke Energy (DUK), Entergy (ETR), Edison International (EIX), and PPL (PPL). These companies are all part of the "electric utilities" industry.

Array Technologies vs.

Array Technologies (NASDAQ:ARRY) and MGE Energy (NASDAQ:MGEE) are both oils/energy companies, but which is the better business? We will contrast the two companies based on the strength of their valuation, profitability, risk, community ranking, media sentiment, analyst recommendations, dividends, earnings and institutional ownership.

52.6% of MGE Energy shares are held by institutional investors. 0.3% of Array Technologies shares are held by company insiders. Comparatively, 0.2% of MGE Energy shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Array Technologies has higher revenue and earnings than MGE Energy. Array Technologies is trading at a lower price-to-earnings ratio than MGE Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Array Technologies$982.19M0.94$137.24M-$0.97-6.29
MGE Energy$670.18M5.08$117.70M$3.2728.78

Array Technologies currently has a consensus price target of $11.43, indicating a potential upside of 87.35%. MGE Energy has a consensus price target of $74.00, indicating a potential downside of 21.37%. Given Array Technologies' stronger consensus rating and higher possible upside, equities research analysts clearly believe Array Technologies is more favorable than MGE Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Array Technologies
1 Sell rating(s)
12 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.42
MGE Energy
2 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00

Array Technologies has a beta of 1.61, suggesting that its share price is 61% more volatile than the S&P 500. Comparatively, MGE Energy has a beta of 0.74, suggesting that its share price is 26% less volatile than the S&P 500.

In the previous week, Array Technologies and Array Technologies both had 2 articles in the media. MGE Energy's average media sentiment score of 1.77 beat Array Technologies' score of 0.19 indicating that MGE Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Array Technologies
0 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
MGE Energy
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

MGE Energy has a net margin of 17.70% compared to Array Technologies' net margin of -9.59%. Array Technologies' return on equity of 75.57% beat MGE Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Array Technologies-9.59% 75.57% 8.71%
MGE Energy 17.70%10.18%4.38%

Array Technologies received 377 more outperform votes than MGE Energy when rated by MarketBeat users. Likewise, 66.55% of users gave Array Technologies an outperform vote while only 54.82% of users gave MGE Energy an outperform vote.

CompanyUnderperformOutperform
Array TechnologiesOutperform Votes
593
66.55%
Underperform Votes
298
33.45%
MGE EnergyOutperform Votes
216
54.82%
Underperform Votes
178
45.18%

Summary

Array Technologies beats MGE Energy on 11 of the 17 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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ARRY vs. The Competition

MetricArray Technologiesmanufacturing industries IndustryEnergy SectorNASDAQ Exchange
Market Cap$902.54M$2.23B$8.49B$9.21B
Dividend YieldN/A2.87%11.76%4.30%
P/E Ratio-6.1213.1712.3817.17
Price / Sales0.923.6450.38121.16
Price / Cash3.128.3910.9837.84
Price / Book3.472.963.884.79
Net Income$137.24M$95.48M$955.68M$225.43M
7 Day Performance8.59%1.64%-0.88%-0.12%
1 Month Performance-10.41%2.42%-6.01%1.56%
1 Year Performance-65.57%86.22%439.62%16.07%

Array Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ARRY
Array Technologies
4.065 of 5 stars
$5.90
-3.3%
$11.43
+93.7%
-64.6%$896.46M$982.19M-6.081,028
MGEE
MGE Energy
3.1911 of 5 stars
$93.87
-0.6%
$74.00
-21.2%
+31.7%$3.40B$670.18M28.71700Positive News
OTTR
Otter Tail
1.7181 of 5 stars
$73.87
-1.7%
N/A-14.8%$3.09B$1.34B10.202,655
HE
Hawaiian Electric Industries
2.1926 of 5 stars
$9.87
-0.1%
$11.00
+11.4%
-29.0%$1.70B$3.69B-0.833,706
UTL
Unitil
3.4892 of 5 stars
$53.36
-0.8%
N/A+3.5%$863.85M$496.90M18.21536Positive News
NEE
NextEra Energy
4.9181 of 5 stars
$72.04
+0.5%
$87.15
+21.0%
+21.3%$148.14B$26.25B21.3116,800
SO
Southern
4.3906 of 5 stars
$82.84
0.0%
$90.14
+8.8%
+19.6%$90.77B$26.43B19.2728,100Analyst Revision
DUK
Duke Energy
4.7349 of 5 stars
$108.17
-0.1%
$122.23
+13.0%
+12.1%$83.56B$30.21B19.8827,037
ETR
Entergy
4.7307 of 5 stars
$75.12
0.0%
$77.40
+3.0%
+50.5%$32.21B$11.86B18.3012,177Analyst Downgrade
EIX
Edison International
4.9926 of 5 stars
$79.44
-0.1%
$88.58
+11.5%
+14.7%$30.76B$17.32B23.3014,375Analyst Revision
PPL
PPL
3.721 of 5 stars
$32.40
-0.1%
$34.09
+5.2%
+20.8%$23.91B$8.28B28.936,629

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This page (NASDAQ:ARRY) was last updated on 12/24/2024 by MarketBeat.com Staff
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