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Array Technologies Inc (ARRY)

Upturn stock ratingUpturn stock rating
$7.7
Last Close (24-hour delay)
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PASS
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

07/09/2025: ARRY (1-star) is currently NOT-A-BUY. Pass it for now.

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 $9.14

1 Year Target Price $9.14

Analysts Price Target For last 52 week
$9.14 Target price
52w Low $3.76
Current$7.7
52w High $12.06

Analysis of Past Performance

Type Stock
Historic Profit -46.9%
Avg. Invested days 19
Today’s Advisory PASS
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 07/09/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.12B USD
Price to earnings Ratio -
1Y Target Price 9.14
Price to earnings Ratio -
1Y Target Price 9.14
Volume (30-day avg) 24
Beta 1.78
52 Weeks Range 3.76 - 12.06
Updated Date 07/9/2025
52 Weeks Range 3.76 - 12.06
Updated Date 07/9/2025
Dividends yield (FY) -
Basic EPS (TTM) -1.86

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -21.21%
Operating Margin (TTM) 8.97%

Management Effectiveness

Return on Assets (TTM) 4.93%
Return on Equity (TTM) -49.11%

Valuation

Trailing PE -
Forward PE 12.06
Enterprise Value 1874788199
Price to Sales(TTM) 1.05
Enterprise Value 1874788199
Price to Sales(TTM) 1.05
Enterprise Value to Revenue 1.76
Enterprise Value to EBITDA 9.74
Shares Outstanding 152547008
Shares Floating 137574546
Shares Outstanding 152547008
Shares Floating 137574546
Percent Insiders 0.53
Percent Institutions 115.26

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 initially focused on manufacturing racking solutions for various industries before shifting its focus entirely to solar energy solutions in the early 2000s. Array went public in October 2020.

business area logo Core Business Areas

  • Solar Tracking Solutions: Array Technologies designs, manufactures, and supplies solar tracking systems, which allow solar panels to follow the sun's movement throughout the day, maximizing energy production.

leadership logo Leadership and Structure

Kevin Hostetler is the CEO. The company operates with a functional organizational structure, with departments like Engineering, Manufacturing, Sales, and Finance.

Top Products and Market Share

overview logo Key Offerings

  • DuraTrack HZ v3: DuraTrack HZ v3 is Array Technologies' flagship product. It is a single-axis tracker designed for utility-scale solar projects. They reported leading market share position in the US tracking market. Competitors include Nextracker, PV Hardware, and Arctech Solar.

Market Dynamics

industry overview logo Industry Overview

The solar energy industry is experiencing rapid growth, driven by increasing demand for renewable energy sources and declining costs of solar technology.

Positioning

Array Technologies is a leading provider of solar tracking solutions, holding a significant market share, particularly in the utility-scale segment. Their focus on reliability and performance provides them with a competitive advantage.

Total Addressable Market (TAM)

The global solar tracker market is expected to reach tens of billions of dollars by 2030. Array Technologies is well-positioned to capture a significant portion of this TAM, especially in utility-scale projects.

Upturn SWOT Analysis

Strengths

  • Strong market position in the US
  • Proven track record of product reliability
  • Established relationships with major solar developers
  • Focus on innovation and product development

Weaknesses

  • Reliance on the solar energy market (cyclical)
  • Exposure to raw material price fluctuations
  • High debt levels
  • Supply Chain issues

Opportunities

  • Expanding into international markets
  • Developing new tracking solutions for different applications (e.g., bifacial panels)
  • Benefiting from government incentives for renewable energy
  • Technological Advancement (Improved Tracking Precision, Monitoring Systems)

Threats

  • Increased competition from lower-cost providers
  • Changes in government policies affecting solar energy
  • Economic downturn impacting project financing
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • NXT
  • PVH
  • ASHSY

Competitive Landscape

Array Technologies competes primarily on product performance, reliability, and customer service. The company's established relationships with major solar developers provide a competitive advantage.

Growth Trajectory and Initiatives

Historical Growth: Array Technologies has experienced significant growth in revenue over the past few years, driven by the increasing demand for solar energy.

Future Projections: Analysts project continued revenue growth for Array Technologies, driven by the expansion of the solar energy market and the company's strong market position.

Recent Initiatives: Recent strategic initiatives include expanding manufacturing capacity, investing in research and development, and pursuing international expansion.

Summary

Array Technologies is a key player in the solar tracking market, with a strong position in the US. While the company faces challenges related to competition and cyclical market conditions, its focus on innovation and international expansion presents opportunities for future growth. High debt remains an area of concern, while increased focus on operations would benefit the company. Growth in solar energy should continue to drive demand.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Analyst Reports
  • Industry Publications

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are subject to change.

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.