Array Technologies, Inc. ARRY
- Market cap
- $613.0M
- P/E
- 0.0×
Follow ARRY
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | 29.05 | 12.72 | 5.45 | 13.34 | 5.15 | 3.76 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | — | — | — | 50.99 | 54.78 | 24.24 | 26.64 | 17.76 | 10.47 |
High Price
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| — | — | — | — | 389 | 471 | 1,082 | 1,028 | 1,021 | 1,200 |
Employees
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| — | — | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 1 |
Revenue/Emp
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| — | — | 291 | 648 | 873 | 853 | 1,638 | 1,577 | 916 | 1,284 |
Revenue
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| — | — | 3.97% | 23.27% | 23.24% | 8.00% | 12.99% | 26.36% | 32.50% | 23.25% |
Gross Margin
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| — | — | (81) | 65 | 78 | (61) | (5) | 177 | (251) | (29) |
EBT
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| — | — | (27.75%) | 9.97% | 8.91% | (7.16%) | (0.30%) | 11.24% | (27.36%) | (2.28%) |
EBT Margin
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| — | 0 | (61) | 40 | 59 | (50) | 4 | 137 | (240) | (52) |
Net Income
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| — | — | 31 | 31 | 31 | 41 | 108 | 65 | 295 | 155 |
Depreciation
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| — | — | 2.42 | 5.40 | 7.18 | 6.56 | 10.93 | 10.44 | 6.03 | 8.42 |
Revenue/Sh
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| — | — | (0.51) | 0.33 | 0.49 | (0.51) | (0.29) | 0.57 | (1.95) | (0.73) |
Earnings/Sh
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| — | — | (0.10) | 3.22 | (1.01) | (2.02) | 0.94 | 1.54 | 1.01 | 0.67 |
Cash Flow/Sh
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| — | — | (0.05) | (0.01) | (0.01) | (0.03) | (0.07) | (0.11) | (0.05) | (0.14) |
Capex/Sh
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| — | — | (0.15) | 3.20 | (1.02) | (2.05) | 0.87 | 1.43 | 0.97 | 0.52 |
Free CF/Sh
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| — | — | 0.00 | 2.54 | (0.67) | (0.53) | 0.83 | 1.72 | (0.78) | (1.35) |
Book Value/Sh
|
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| — | — | 120 | 120 | 121 | 130 | 150 | 151 | 152 | 153 |
Shares
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| — | — | 46.49 | 46.49 | 87.33 | 0.00 | 0.00 | 31.41 | 0.00 | 0.00 |
PE Ratio
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| — | — | 4.77 | 4.77 | 6.00 | 2.39 | 1.74 | 1.62 | 1.00 | 1.10 |
PS Ratio
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| — | — | 11.59 | 11.59 | 0.00 | 0.00 | 22.96 | 9.87 | 0.00 | 0.00 |
PB Ratio
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| — | — | 4.74 | 4.74 | 6.37 | 2.80 | 2.12 | 1.90 | 1.34 | 1.42 |
EV/Sales
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| — | — | 25.63 | 25.63 | (45.00) | (8.96) | 26.58 | 13.91 | 8.38 | 22.92 |
EV/FCF
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| — | — | (12) | 386 | (122) | (263) | 141 | 232 | 154 | 102 |
Op' Cash Flow
|
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| — | — | (6) | (2) | (1) | (3) | (11) | (17) | (7) | (22) |
Capex
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| — | — | (18) | 384 | (124) | (267) | 131 | 215 | 147 | 80 |
FCF
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| — | — | 39 | 29 | 86 | 607 | 366 | 497 | 561 | 492 |
Working Cap'
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| — | — | 59 | 98 | 428 | 715 | 759 | 682 | 677 | 669 |
Total Debt
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| — | — | 18 | (264) | 320 | 348 | 625 | 433 | 313 | 423 |
Net Debt
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| — | — | 0 | 305 | (81) | (69) | 124 | 259 | (118) | (206) |
Sh' Equity
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| — | — | 0.00% | 8.61% | 7.48% | (7.35%) | (3.06%) | 5.01% | (18.90%) | (7.79%) |
ROA
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| — | — | (212.52%) | 125.64% | 24.90% | (5.55%) | (1.51%) | 19.32% | (72.74%) | (8.36%) |
ROIC
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| — | — | (21.36%) | 13.97% | 52.72% | 88.10% | (158.41%) | 44.61% | (419.50%) | 69.06% |
ROE
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Array Technologies, Inc. peers in Solar
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| JKS JinkoSolar Holding Company Limited | $486.0M | 0.0× | Compare |
| DQ DAQO New Energy Corp. | $774.8M | 0.0× | Compare |
| SHLS Shoals Technologies Group, Inc. | $1.3B | 39.7× | Compare |
| RUN Sunrun Inc. | $1.9B | 4.7× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SEDG SolarEdge Technologies, Inc. | $2.0B | 0.0× | Compare |
| TOYO TOYO Co., Ltd. | $188.0M | 3.8× | Compare |
| SPWR CSLM Acquisition Corp. | $99.3M | 0.0× | Compare |
| ENPH Enphase Energy, Inc. | $4.4B | 31.8× | Compare |
Array Technologies, Inc. (ARRY) key facts
- Array Technologies, Inc. (ARRY) is a Solar company in the Technology sector, listed on Nasdaq.
- Array Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 40.2% from fiscal 2024.
- As of September 25, 2026, ARRY traded at $4.03, a market capitalization of $613.0 million.
- Return on equity was 69.1% and debt-to-equity -3.25.
Array Technologies, Inc. (ARRY) Latest News
24 Sep
Array Technologies' fair value is trimmed from about $9.86 to $8.60 per share, roughly a 13% cut, as analysts converge on a neutral stance with a wider spread of price targets amid mixed views on bookings, acquisitions and cash flow. Bulls highlight double-digit growth signals, with Piper Sandler noting bookings nearly doubled year over year and market share gains in U.S. utility solar; Goldman Sachs raised its target to $11 with a Buy rating; Roth Capital praises the Affordable Wire Management acquisition as high-margin and capital-light, capable of deepening wallet share in utility-scale projects. Bears cite renewed policy risk and backlog conversion lag, with UBS lowering to Neutral and others trimming targets. The fair-value revision reflects higher growth assumptions, a longer-term risk backdrop, and a higher discount rate, even as margin and revenue projections move higher. Valuation cut and sentiment mixed, signaling a balanced but uncertain near- to mid-term outlook.
22 Sep
Array Technologies closed at $3.96, down 2.7% as the Dow fell and the Nasdaq rose. The stock has slid about 10.9% in the last month, underperforming the Oils-Energy sector and the S&P 500. Investors will scrutinize upcoming results, with consensus Q2 EPS of $0.11 (down ~63% year over year) on about $320.9 million in revenue (down ~18%). For the full year, Zacks Consensus calls for $0.74 per share on $1.43 billion in revenue, roughly up 10% and 11% respectively. The name trades at a forward P/E of 5.52 and a PEG of 0.5, vs. industry norms of 11.24 and 0.67. Zacks rates ARRY #3 (Hold) with the Solar group ranking near the bottom of the Oils-Energy sector. The article emphasizes that estimate revisions can drive near-term price moves and promotes Zacks stock-research tools. Near-term earnings risk with a cheap valuation suggests a moderate impact on sentiment and pricing.
18 Sep
Array (ARRY) shares plunge sharply today on negative market reaction to company developments. Plunging share price reflects short-term negative sentiment with potential limited long-term operational effects.
9 Sep
Array Technologies opens new Albuquerque plant amid volatile solar market. New plant opening expands production capacity and signals strategic growth for Array Technologies.
Array Technologies opened a new manufacturing facility in Albuquerque with a ribbon cutting ceremony. New Albuquerque facility expands production capacity and supports operational growth.
4 Sep
Array (ARRY) states its AWM acquisition will deliver high-single-digit accretion, with the final amount tied to cross-selling results. Acquisition adds measurable earnings accretion but remains incremental rather than transformative for ARRY.
31 Aug
Array Technologies completes acquisition of Affordable Wire Management, expanding its balance-of-system strategy. Acquisition represents major strategic move that strengthens competitive positioning and long-term growth trajectory.
21 Aug
Array Technologies expands integrated solar platform as orderbook hits record $2.5 billion. Record orderbook and platform expansion represent major strategic growth and strengthened market position.
Array Technologies new products gain traction per RBC. Analyst note on product traction signals moderate sales and sentiment effects.
20 Aug
Array Technologies will present its balance-of-system strategy and APA long-term growth opportunities at the APA Investor Technology Showcase today. Strategy and growth presentation at investor showcase may moderately influence market sentiment without altering core trajectory.
12 Aug
Array Technologies held Q2 2026 earnings call covering financial results, operational updates and forward guidance. Quarterly earnings release and outlook statements can move near-term stock price and analyst views but rarely shift long-term company trajectory.
7 Aug
Array Technologies beat Q2 CY2026 sales expectations while missing quarterly revenue guidance. Mixed sales beat and guidance miss point to noticeable but limited effects on financial performance.
6 Aug
Array Technologies, Inc. held its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward guidance for its solar tracking systems business. Q2 2026 earnings and guidance directly shape near-term revenue expectations and investor positioning for ARRY.
5 Aug
Array Technologies, Inc. (ARRY) reported second-quarter earnings and revenues that exceeded analyst estimates. Quarterly earnings and revenue beats signal stronger financial performance without indicating major strategic or competitive shifts.
Array Technologies beat Q2 CY2026 sales expectations yet missed quarterly revenue guidance forecasts. Mixed earnings results with a sales beat offset by a guidance miss typically produce moderate near-term effects on stock performance and investor views.
Array Technologies, Inc. reported its financial results for the second quarter of 2026. Quarterly earnings release provides performance metrics that can shift near-term investor views and valuation.
1 Aug
Array Technologies launches Atlas Foundation-to-Tracker platform, advancing solar tracking systems and potentially boosting competitive position and shareholder value through improved technology offerings. New platform launch represents major strategic product development likely to alter market positioning and investor outlook for Array Technologies.
30 Jul
Array Technologies launches Atlas, refocusing attention on its undervalued market position. Atlas launch marks a key product introduction with potential to shift competitive dynamics for Array Technologies.
Array Technologies launches Atlas Suite to boost solar project efficiency and performance. Atlas Suite launch drives major gains in Array Technologies solar market position.
29 Jul
Array Technologies launches Atlas, a suite of foundation-to-tracker solutions expanding its product portfolio to optimize solar system performance from the ground up. Atlas product suite launch represents major strategic expansion in solar tracking technology with potential to significantly strengthen competitive position.
Array Technologies, Inc. (ARRY) Q2 earnings are expected to decline. Expected Q2 earnings decline may pressure ARRY stock price and near-term investor sentiment.
22 Jul
Array Technologies announced a 60-degree solar tracker alternative to improve extreme weather resilience and project economics. New tracker variant strengthens product range for weather-exposed solar installations.
16 Jul
Array Technologies (ARRY) acquires Affordable Wire Management (AWM) to create a new growth platform in balance-of-system solutions. Acquisition expands ARRY into balance-of-system solutions and opens new growth avenues.
27 Jun
Array Technologies expands its solar tracker platform to international markets beyond the United States. International expansion of core product line enhances growth opportunities and competitive positioning for Array Technologies.
16 Jun
Array Technologies launches DuraTrack D2S Tracker, extending its DuraTrack system features to dual-row format for international markets. International dual-row product launch expands core tracker offerings and supports revenue growth.
12 Jun
Array Technologies reaches 100 GW milestone as solar demand surges. 100 GW milestone with surging demand signals major growth and strengthened market position for Array Technologies.
11 Jun
Array Technologies surpasses 100 GW milestone, marking a major achievement driven by global execution. Surpassing 100 GW milestone signals expanded market reach and operational strength that can lift future revenue and investor confidence.
3 Jun
Array Technologies (ARRY) releases Q1 earnings, leading to buy, sell, or hold recommendations for investors. Q1 earnings and resulting buy/sell/hold views can moderately sway near-term ARRY stock sentiment without transforming company trajectory.
2 Jun
Array Technologies launches an advanced solar tracker optimized for efficient operation on difficult terrains, expanding viable sites for solar energy projects. New terrain-capable tracker expands Array Technologies addressable market and competitive edge in solar infrastructure.
1 Jun
Array Technologies updates OmniTrack® with greater terrain-following capability. Product enhancement strengthens solar tracker competitiveness without altering company trajectory.