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Array Technologies Inc (ARRY)



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Upturn Advisory Summary
08/28/2025: ARRY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $9.25
1 Year Target Price $9.25
10 | Strong Buy |
3 | Buy |
11 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -42.34% | Avg. Invested days 17 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.39B USD | Price to earnings Ratio - | 1Y Target Price 9.25 |
Price to earnings Ratio - | 1Y Target Price 9.25 | ||
Volume (30-day avg) 24 | Beta 1.74 | 52 Weeks Range 3.76 - 9.99 | Updated Date 08/29/2025 |
52 Weeks Range 3.76 - 9.99 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.19 | Actual 0.25 |
Profitability
Profit Margin -17.78% | Operating Margin (TTM) 12.84% |
Management Effectiveness
Return on Assets (TTM) 4.97% | Return on Equity (TTM) -44.13% |
Valuation
Trailing PE - | Forward PE 13.81 | Enterprise Value 2144061691 | Price to Sales(TTM) 1.19 |
Enterprise Value 2144061691 | Price to Sales(TTM) 1.19 | ||
Enterprise Value to Revenue 1.83 | Enterprise Value to EBITDA 9.74 | Shares Outstanding 152724992 | Shares Floating 137747055 |
Shares Outstanding 152724992 | Shares Floating 137747055 | ||
Percent Insiders 0.53 | Percent Institutions 123.94 |
Upturn AI SWOT
Array Technologies Inc

Company Overview
History and Background
Array Technologies, Inc. was founded in 1989. It began as a manufacturing company for the defense industry and later transitioned to focus on solar tracking solutions. They went public in October 2020.
Core Business Areas
- Solar Tracking Solutions: Designs, manufactures, and supplies solar tracking systems used in ground-mounted solar projects. Trackers optimize energy production by automatically aligning solar panels with the sun throughout the day.
Leadership and Structure
Kevin G. Hostetler is the CEO. The company operates with a standard corporate structure including departments such as Engineering, Manufacturing, Sales, and Finance.
Top Products and Market Share
Key Offerings
- DuraTrack HZ v3: Horizontal single-axis tracker used in utility-scale solar projects. It offers increased reliability, simplified installation, and reduced maintenance costs. Market share data is difficult to determine exactly but is estimated to be a major player in the global market share. Competitors: Nextracker, PV Hardware, Arctech Solar.
- Smelter: Data and software platform for solar power plants. Competitors: Also Nextracker, PV Hardware, Arctech Solar
Market Dynamics
Industry Overview
The solar energy industry is experiencing significant growth, driven by increasing demand for renewable energy, declining costs of solar technology, and government incentives. The industry is competitive and rapidly evolving.
Positioning
Array Technologies is a leading provider of solar tracking solutions, known for its technology, engineering expertise, and global presence. The company benefits from its strong relationships with developers and EPC (Engineering, Procurement, and Construction) firms.
Total Addressable Market (TAM)
The global solar tracker market is expected to reach hundreds of billions of dollars. Array Technologies is well-positioned to capture a significant share of this market due to its established presence and reputation.
Upturn SWOT Analysis
Strengths
- Established market position
- Strong engineering capabilities
- Global presence
- Track record of innovation
- Large product portfolio
Weaknesses
- Dependence on the solar energy market
- Exposure to raw material price fluctuations
- Competition from lower-cost providers
- Past execution issues
Opportunities
- Growing demand for solar energy
- Expansion into new geographies
- Development of advanced tracking technologies
- Partnerships with energy storage providers
Threats
- Intensifying competition
- Changes in government regulations and incentives
- Economic downturns
- Supply chain disruptions
- Raw material costs
Competitors and Market Share
Key Competitors
- Nextracker (FSLR)
- PV Hardware (Not Public)
- Arctech Solar (Not Public)
Competitive Landscape
Array Technologies competes with other solar tracking providers on price, performance, and reliability. Its technology and relationships with developers give it an edge.
Growth Trajectory and Initiatives
Historical Growth: Growth has been linked to the expansion of the solar market, and ability to execute is a factor
Future Projections: Analyst estimates vary. Future growth depends on the company's ability to maintain its market position and execute its growth strategy.
Recent Initiatives: Recent initiatives focus on operational efficiencies, expanding product offerings, and growing internationally.
Summary
Array Technologies is a prominent player in the solar tracking industry, poised to benefit from the growing demand for solar energy. While their strong engineering capabilities and established market position are advantages, they face challenges from competition and fluctuations in raw material prices. Successful execution of their growth strategy and continued innovation are crucial for future success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Array Technologies Inc
Exchange NASDAQ | Headquaters Albuquerque, NM, United States | ||
IPO Launch date 2020-10-15 | CEO & Director Mr. Kevin G. Hostetler | ||
Sector Technology | Industry Solar | Full time employees 1021 | Website https://arraytechinc.com |
Full time employees 1021 | Website https://arraytechinc.com |
Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.

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