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Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico. more
Time Frame | ARRY | Sector | S&P500 |
---|---|---|---|
1-Week Return | -5.75% | 0.62% | 1.19% |
1-Month Return | 3.95% | 2.54% | 3.76% |
3-Month Return | -15.98% | 6.49% | 5.3% |
6-Month Return | -17.52% | 20.53% | 17.55% |
1-Year Return | -46.18% | 28.56% | 28.69% |
3-Year Return | -11.31% | 25.35% | 31.54% |
5-Year Return | -65.38% | 82.11% | 100.74% |
Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | 5YR TREND | |
---|---|---|---|---|---|---|
Total Revenue | 647.90M | 872.66M | 853.32M | 1.64B | 1.58B | [{"date":"2019-12-31","value":39.57,"profit":true},{"date":"2020-12-31","value":53.29,"profit":true},{"date":"2021-12-31","value":52.11,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":96.28,"profit":true}] |
Cost of Revenue | 497.14M | 669.86M | 770.46M | 1.41B | 1.20B | [{"date":"2019-12-31","value":35.25,"profit":true},{"date":"2020-12-31","value":47.5,"profit":true},{"date":"2021-12-31","value":54.63,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":85.08,"profit":true}] |
Gross Profit | 150.76M | 202.80M | 82.86M | 227.28M | 376.62M | [{"date":"2019-12-31","value":40.03,"profit":true},{"date":"2020-12-31","value":53.85,"profit":true},{"date":"2021-12-31","value":22,"profit":true},{"date":"2022-12-31","value":60.35,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Gross Margin | 23.27% | 23.24% | 9.71% | 13.88% | 23.89% | [{"date":"2019-12-31","value":97.41,"profit":true},{"date":"2020-12-31","value":97.28,"profit":true},{"date":"2021-12-31","value":40.65,"profit":true},{"date":"2022-12-31","value":58.1,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Operating Expenses | 66.71M | 81.15M | 104.90M | 249.92M | 159.53M | [{"date":"2019-12-31","value":26.69,"profit":true},{"date":"2020-12-31","value":32.47,"profit":true},{"date":"2021-12-31","value":41.98,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":63.84,"profit":true}] |
Operating Income | 83.41M | 95.21M | (24.74M) | (18.13M) | 217.09M | [{"date":"2019-12-31","value":38.42,"profit":true},{"date":"2020-12-31","value":43.86,"profit":true},{"date":"2021-12-31","value":-11.4,"profit":false},{"date":"2022-12-31","value":-8.35,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
Total Non-Operating Income/Expense | (19.47M) | (43.88M) | (39.08M) | 17.69M | (81.25M) | [{"date":"2019-12-31","value":-110.07,"profit":false},{"date":"2020-12-31","value":-248.05,"profit":false},{"date":"2021-12-31","value":-220.92,"profit":false},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":-459.36,"profit":false}] |
Pre-Tax Income | 64.58M | 77.78M | (61.12M) | (4.95M) | 177.16M | [{"date":"2019-12-31","value":36.45,"profit":true},{"date":"2020-12-31","value":43.9,"profit":true},{"date":"2021-12-31","value":-34.5,"profit":false},{"date":"2022-12-31","value":-2.8,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
Income Taxes | 24.83M | 18.70M | (10.72M) | (9.38M) | 39.92M | [{"date":"2019-12-31","value":62.21,"profit":true},{"date":"2020-12-31","value":46.86,"profit":true},{"date":"2021-12-31","value":-26.85,"profit":false},{"date":"2022-12-31","value":-23.51,"profit":false},{"date":"2023-12-31","value":100,"profit":true}] |
Income After Taxes | 39.74M | 59.07M | (50.40M) | 4.43M | 137.24M | [{"date":"2019-12-31","value":28.96,"profit":true},{"date":"2020-12-31","value":43.04,"profit":true},{"date":"2021-12-31","value":-36.73,"profit":false},{"date":"2022-12-31","value":3.23,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Income From Continuous Operations | 39.74M | 59.07M | (50.40M) | 4.43M | 108.90M | [{"date":"2019-12-31","value":36.5,"profit":true},{"date":"2020-12-31","value":54.24,"profit":true},{"date":"2021-12-31","value":-46.28,"profit":false},{"date":"2022-12-31","value":4.07,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Income From Discontinued Operations | - | - | - | - | - | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}] |
Net Income | 39.74M | 59.07M | (50.40M) | 4.43M | 137.24M | [{"date":"2019-12-31","value":28.96,"profit":true},{"date":"2020-12-31","value":43.04,"profit":true},{"date":"2021-12-31","value":-36.73,"profit":false},{"date":"2022-12-31","value":3.23,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
EPS (Diluted) | - | 0.31 | 0.13 | 0.35 | 1.14 | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":27.32,"profit":true},{"date":"2021-12-31","value":11.4,"profit":true},{"date":"2022-12-31","value":30.7,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
ARRY | |
---|---|
Cash Ratio | 1.01 |
Current Ratio | 2.73 |
Quick Ratio | 2.10 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
ARRY | |
---|---|
ROA (LTM) | 6.43% |
ROE (LTM) | 19.68% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
ARRY | |
---|---|
Debt Ratio Lower is generally better. Negative is bad. | 0.63 |
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.37 |
Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. | 2.73 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
ARRY | |
---|---|
Trailing PE | 33.21 |
Forward PE | 11.98 |
P/S (TTM) | 1.25 |
P/B | 7.57 |
Price/FCF | 43 |
EV/R | 1.77 |
EV/Ebitda | 10.12 |
PEG | 0.02 |
Array Technologies (NASDAQ: ARRY ) just reported results for the first quarter of 2024. Array Technologies reported earnings per share of 6 cents. This was above the analyst estimate for EPS of -3 cents. The company reported revenue of $153.40 million. This was 9.49% better than the analyst estimate for revenue of $140.11 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I.
2023 was not a good year for solar stocks . As the S&P 500 gained over 25%, solar ETFs like the Invesco Solar ETF are down nearly 40%. As solar stocks to buy become cheaper and macroeconomic conditions change, they are progressively becoming better investments. With slightly negative inflation data and economic growth in 2024 uncertain, solar stocks will likely outperform the overall market. It may finally be time to invest in solar stocks at a very cheap price. Below are the best three solar stocks to buy when prices plunge. First Solar (FSLR) Source: T. Schneider / Shutterstock.com First Solar (NASDAQ: FSLR ) is one of the largest solar companies and is currently an attractive investment. It is one of the most innovative solar companies, constantly cutting costs and producing energy more efficiently. Its solar panel’s power the world, have a strong presence outside the United States and reach five continents. In addition to spending $1.5 billion on R&D for its PV technology, it also recently invested an enormous $1.1 billion to build the fifth U.S. panel factory.
Array Technologies Inc (ARRY) share price today is $12.635
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Yes, you can purchase fractional shares of Array Technologies Inc (ARRY) via the Vested app. You can start investing in Array Technologies Inc (ARRY) with a minimum investment of $1.
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The 52-week high price of Array Technologies Inc (ARRY) is $26.64. The 52-week low price of Array Technologies Inc (ARRY) is $10.82.
The price-to-earnings (P/E) ratio of Array Technologies Inc (ARRY) is 31.69
The price-to-book (P/B) ratio of Array Technologies Inc (ARRY) is 7.57
The dividend yield of Array Technologies Inc (ARRY) is 0.00%
The market capitalization of Array Technologies Inc (ARRY) is $1.92B
The stock symbol (or ticker) of Array Technologies Inc is ARRY