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Array Technologies (ARRY) Competitors

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$6.97 +0.58 (+9.08%)
Closing price 04:00 PM Eastern
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$6.87 -0.10 (-1.43%)
As of 07:14 PM Eastern
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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.

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

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.

Company Net Margins Return on Equity Return on Assets
ALLETE11.49% 5.99% 3.06%
Array Technologies -9.59%75.57%8.71%

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.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ALLETE
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.67
Array Technologies
1 Sell rating(s)
13 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.38

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
ALLETE$1.88B2.02$247.10M$3.1221.05
Array Technologies$1.58B0.67$137.24M-$0.97-7.19

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.

CompanyUnderperformOutperform
ALLETEOutperform Votes
287
49.57%
Underperform Votes
292
50.43%
Array TechnologiesOutperform Votes
593
66.41%
Underperform Votes
300
33.59%

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

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$1.06B$2.50B$9.37B$9.25B
Dividend YieldN/A2.71%11.46%3.97%
P/E Ratio-7.1914.5213.5317.54
Price / Sales0.672.7450.2388.38
Price / Cash3.738.4111.9537.70
Price / Book4.082.894.414.74
Net Income$137.24M$95.48M$947.35M$224.54M
7 Day Performance-2.65%-1.17%1.40%1.87%
1 Month Performance14.26%2.02%11.36%4.57%
1 Year Performance-48.02%66.94%464.19%22.24%

Array Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ARRY
Array Technologies
4.1255 of 5 stars
$6.97
+9.1%
$11.19
+60.6%
-51.5%$1.06B$1.58B-7.191,028Analyst Revision
ALE
ALLETE
3.664 of 5 stars
$65.71
+0.1%
$61.33
-6.7%
+10.4%$3.80B$1.88B21.061,560
MGEE
MGE Energy
3.1008 of 5 stars
$93.80
-0.1%
$74.00
-21.1%
+27.7%$3.40B$690.43M28.69700Dividend Announcement
News Coverage
Positive News
OTTR
Otter Tail
1.5244 of 5 stars
$79.43
+2.0%
N/A-10.2%$3.32B$1.35B10.972,655
HE
Hawaiian Electric Industries
1.699 of 5 stars
$9.14
-0.1%
$10.67
+16.8%
-28.1%$1.58B$3.68B-0.773,706
UTL
Unitil
3.7842 of 5 stars
$54.80
+0.1%
N/A+7.9%$887.23M$557.10M18.70520
NEE
NextEra Energy
4.9718 of 5 stars
$70.83
-0.8%
$87.15
+23.0%
+20.4%$145.66B$28.11B20.9616,800Upcoming Earnings
Analyst Forecast
News Coverage
Positive News
SO
Southern
4.0392 of 5 stars
$83.92
+0.0%
$90.14
+7.4%
+19.9%$91.95B$25.25B19.5228,100Analyst Downgrade
Analyst Revision
News Coverage
Positive News
DUK
Duke Energy
4.7087 of 5 stars
$109.34
+0.3%
$122.23
+11.8%
+14.5%$84.47B$29.06B20.1027,037
ETR
Entergy
4.4383 of 5 stars
$82.16
+1.0%
$77.37
-5.8%
+68.1%$35.23B$12.15B20.0112,177
PPL
PPL
3.8127 of 5 stars
$33.27
+0.3%
$34.09
+2.5%
+26.5%$24.55B$8.31B29.716,629Analyst Forecast
News Coverage

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This page (NASDAQ:ARRY) was last updated on 1/23/2025 by MarketBeat.com Staff
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