Array Technologies, Inc. ARRY

Technology  —  Solar
4.03 0.10 2.54% as of 25 Sep
Market cap
$613.0M
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.42%

Capital & Financial Ratios

Market Cap 612.95
Revenue 1,185.01
Net Income (85.90)
Free Cash Flow 134.73
Net Debt 350.45
Current Ratio 2.20
Debt/Equity (3.25)
P/E ratio 0.00
P/S ratio 0.52
P/B ratio 0.00
Past 5Y EPS Growth 11.68%
This Y EPS Growth 12.16%
Next Y EPS Growth 17.95%
Next 5Y EPS Growth 13.23%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 249 364 246 307
Receivables 332 276 272 323
Inventory 162 201 150 156
Other — — — —
832 999 869 892
2023 2024 2025 Q'26
Payables 119 172 144 161
ST’ Debt 21 31 10 —
Other 49 13 28 27
336 438 377 406
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 8.03% (7.78%)
Cash Flow — 0.00% (10.40%)
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 223 342 — — —
’25 302 362 393 226 1,284
’24 153 256 231 275 916
’23 377 508 350 342 1,577
’22 301 420 515 402 1,638
’21 248 197 189 220 853
’20 438 115 139 181 873
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (29) 121 — — —
’25 (13) 44 27 44 102
’24 48 4 45 58 154
’23 46 21 72 94 232
’22 (50) (11) 105 97 141
’21 (42) (92) (32) (97) (263)
’20 (201) (47) 21 104 (122)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (37) 114 — — —
’25 (15) 37 22 36 80
’24 45 2 44 56 147
’23 42 15 69 89 215
’22 (52) (12) 102 94 131
’21 (43) (93) (33) (98) (267)
’20 (201) (47) 21 104 (124)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.09) 0.05 — — —
’25 0.02 0.19 0.12 (1.06) (0.73)
’24 (0.07) 0.08 (1.02) (0.93) (1.95)
’23 0.09 0.34 0.07 0.04 0.56
’22 (0.23) (0.10) 0.19 (0.11) (0.29)
’21 0.04 (0.04) (0.24) (0.25) (0.51)
’20 0.61 0.02 (0.06) (0.08) 0.49
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
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
— — — — 50.99 54.78 24.24 26.64 17.76 10.47
High Price
— — — — 389 471 1,082 1,028 1,021 1,200
Employees
— — 0 0 2 2 2 2 1 1
Revenue/Emp
— — 291 648 873 853 1,638 1,577 916 1,284
Revenue
— — 3.97% 23.27% 23.24% 8.00% 12.99% 26.36% 32.50% 23.25%
Gross Margin
— — (81) 65 78 (61) (5) 177 (251) (29)
EBT
— — (27.75%) 9.97% 8.91% (7.16%) (0.30%) 11.24% (27.36%) (2.28%)
EBT Margin
— 0 (61) 40 59 (50) 4 137 (240) (52)
Net Income
— — 31 31 31 41 108 65 295 155
Depreciation
— — 2.42 5.40 7.18 6.56 10.93 10.44 6.03 8.42
Revenue/Sh
— — (0.51) 0.33 0.49 (0.51) (0.29) 0.57 (1.95) (0.73)
Earnings/Sh
— — (0.10) 3.22 (1.01) (2.02) 0.94 1.54 1.01 0.67
Cash Flow/Sh
— — (0.05) (0.01) (0.01) (0.03) (0.07) (0.11) (0.05) (0.14)
Capex/Sh
— — (0.15) 3.20 (1.02) (2.05) 0.87 1.43 0.97 0.52
Free CF/Sh
— — 0.00 2.54 (0.67) (0.53) 0.83 1.72 (0.78) (1.35)
Book Value/Sh
— — 120 120 121 130 150 151 152 153
Shares
— — 46.49 46.49 87.33 0.00 0.00 31.41 0.00 0.00
PE Ratio
— — 4.77 4.77 6.00 2.39 1.74 1.62 1.00 1.10
PS Ratio
— — 11.59 11.59 0.00 0.00 22.96 9.87 0.00 0.00
PB Ratio
— — 4.74 4.74 6.37 2.80 2.12 1.90 1.34 1.42
EV/Sales
— — 25.63 25.63 (45.00) (8.96) 26.58 13.91 8.38 22.92
EV/FCF
— — (12) 386 (122) (263) 141 232 154 102
Op' Cash Flow
— — (6) (2) (1) (3) (11) (17) (7) (22)
Capex
— — (18) 384 (124) (267) 131 215 147 80
FCF
— — 39 29 86 607 366 497 561 492
Working Cap'
— — 59 98 428 715 759 682 677 669
Total Debt
— — 18 (264) 320 348 625 433 313 423
Net Debt
— — 0 305 (81) (69) 124 259 (118) (206)
Sh' Equity
— — 0.00% 8.61% 7.48% (7.35%) (3.06%) 5.01% (18.90%) (7.79%)
ROA
— — (212.52%) 125.64% 24.90% (5.55%) (1.51%) 19.32% (72.74%) (8.36%)
ROIC
— — (21.36%) 13.97% 52.72% 88.10% (158.41%) 44.61% (419.50%) 69.06%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Array Technologies, Inc. peers in Solar

All 26 Solar stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Array Technologies, Inc. (ARRY) Latest News

News by impact score

Fine-tune

24 Sep

3

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

3

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

3

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

4

Array Technologies opens new Albuquerque plant amid volatile solar market. New plant opening expands production capacity and signals strategic growth for Array Technologies.

3

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

3

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

4

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

4

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.

3

Array Technologies new products gain traction per RBC. Analyst note on product traction signals moderate sales and sentiment effects.

20 Aug

3

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

3 transcript

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

3

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

4

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

3

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.

3

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.

3

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

4

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

4

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.

4

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

4

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.

3

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

3

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

4

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

4

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

4

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

4

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

4

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

3

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

4

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

3

Array Technologies updates OmniTrack® with greater terrain-following capability. Product enhancement strengthens solar tracker competitiveness without altering company trajectory.

stockrow.com/ARRY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com