Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
ARRY logo ARRY
Upturn stock ratingUpturn stock rating
ARRY logo

Array Technologies Inc (ARRY)

Upturn stock ratingUpturn stock rating
$9.11
Last Close (24-hour delay)
Profit since last BUY8.58%
upturn advisory
Consider higher Upturn Star rating
BUY since 6 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

08/28/2025: ARRY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

24 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $9.25

1 Year Target Price $9.25

Analysts Price Target For last 52 week
$9.25 Target price
52w Low $3.76
Current$9.11
52w High $9.99

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

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

ai summary icon Upturn AI SWOT

Array Technologies Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 1021

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.