Array Technologies Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 2/30 in the Renewable Energy industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 10.87.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Array Technologies Inc's Score
Industry at a Glance
Industry Ranking
2 / 30
Overall Ranking
86 / 4592
Industry
Renewable Energy
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
27
analysts
Buy
Current Rating
10.870
Target Price
+35.70%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Array Technologies Inc Highlights
StrengthsRisks
Array Technologies, Inc. is a provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop and operate solar photovoltaic (PV) sites. Its segments include Array Legacy Operations and STI Legacy Operations. Its products are a portfolio of integrated solar tracking systems comprised of software and hardware that include component parts such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers, referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is a range of software and control-based products designed for utility-scale solar sites. It is also a provider of solar racking and structural solutions.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 915.81M.
Turnaround to Loss
The company's performance has turned to a loss, with the latest annual loss of USD .
Undervalued
The company’s latest PB is -27.86, at a low 3-year percentile range.
Institutional Buying
The latest institutional holdings are 209.94M shares, increasing 1.15% quarter-over-quarter.
Array Technologies, Inc. is a provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop and operate solar photovoltaic (PV) sites. Its segments include Array Legacy Operations and STI Legacy Operations. Its products are a portfolio of integrated solar tracking systems comprised of software and hardware that include component parts such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers, referred to as a single-axis tracker. Its flagship tracker uses a patented design that allows one motor to drive multiple rows of solar panels. Its products and services include Tracker Systems; DuraTrack HZ v3; Array STI H250; Array OmniTrack, and SmarTrack Software. SmarTrack is a range of software and control-based products designed for utility-scale solar sites. It is also a provider of solar racking and structural solutions.
Ticker SymbolARRY
CompanyArray Technologies Inc
CEOHostetler (Kevin George)
Websitehttps://arraytechinc.com/
FAQs
What is the current price of Array Technologies Inc (ARRY)?
The current price of Array Technologies Inc (ARRY) is 8.520.
What is the symbol of Array Technologies Inc?
The ticker symbol of Array Technologies Inc is ARRY.
What is the 52-week high of Array Technologies Inc?
The 52-week high of Array Technologies Inc is 10.370.
What is the 52-week low of Array Technologies Inc?
The 52-week low of Array Technologies Inc is 3.760.
What is the market capitalization of Array Technologies Inc?
The market capitalization of Array Technologies Inc is 1.30B.
What is the net income of Array Technologies Inc?
The net income of Array Technologies Inc is -296.06M.
Is Array Technologies Inc (ARRY) currently rated as Buy, Hold, or Sell?
According to analysts, Array Technologies Inc (ARRY) has an overall rating of Buy, with a price target of 10.870.
What is the Earnings Per Share (EPS TTM) of Array Technologies Inc (ARRY)?
The Earnings Per Share (EPS TTM) of Array Technologies Inc (ARRY) is -0.608.