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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 | 10.03% | 1.65% | 1.64% |
| 1-Month Return | -12.18% | -1.2% | -2.94% |
| 3-Month Return | -4.76% | 8.29% | 3.53% |
| 6-Month Return | -30.45% | 26.94% | 22.95% |
| 1-Year Return | -38.92% | 28.21% | 26.43% |
| 3-Year Return | -58.01% | 26.89% | 26.19% |
| 5-Year Return | -65.98% | 72.14% | 86.42% |
| 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 | 0.74 |
| Current Ratio | 2.48 |
| Quick Ratio | 2.00 |
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) | 7.95% |
| ROE (LTM) | 26.54% |
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. | 0.64 |
| Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.36 |
| Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. | 2.80 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
| ARRY | |
|---|---|
| Trailing PE | 21.32 |
| Forward PE | 11.98 |
| P/S (TTM) | 1.25 |
| P/B | 7.57 |
| Price/FCF | 20 |
| EV/R | 1.77 |
| EV/Ebitda | 10.12 |
| PEG | 0.07 |
Solar stocks might boom in 2024 as the Federal Reserve considers reducing rates three times after hiking them 11 times in a year and a half. Additionally, with inflation decreasing, markets are bullish, but solar equities are not. While the S&P 500 is up 6%, the Invesco Solar ETF (NYSEARCA: TAN ) is down 23% this year, bucking the dovish Fed’s market optimism. However, the solar sector is growing steadily. Global photovoltaic installations rose in 2023, with China adding 260 GWdc . Global installations should rise in 2024. In 2023, residential and utility-scale solar installations set a record in the U.S. The U.S. recorded module import and energy storage system installation. Solar technology component and module imports have increased due to duties exemptions. These adoption rates show solar companies are cheap. We will examine three cheap solar companies with double- to triple-digit potential. The upside might be significantly bigger as the market grows from $82 billion in 2023 to $260 billion in 2031.
Solar energy has been one of the fastest growing sectors over the past decades. For the past two years, the solar industry has been the top recipient of federal energy subsidies and incentives among other renewable energy industries. Furthermore, the solar power segment accounted for the largest market share of 30.95% in the renewable energy market. The below are the three stocks investors should look into as they keep their eyes on solar energy stocks . First Solar (FSLR) Source: IgorGolovniov / Shutterstock.com First Solar (NASDAQ: FSLR ) manufactures solar panels alongside utility-scale PV power plants and supporting services. Since 2017, First Solar has delivered consistent TTM sales with figures ranging from $2.4 and $3.6 billion. The company showcased fast-paced growth, with a net income of $349 million in Q4 2023. First Solar also hit an impressive revenue growth from $801 million to $1.16 billion during this time period. While scoring solid sales and meeting revenue goals, the company has aggressively invested in research and development.
The future is green. As the government and companies continue to prioritize renewable energy and its uses worldwide, so should investors. In addition to investing with morals, investing in renewable energy exposes investors to one of the most potent and high growing fields. With a CAGR of nearly 10% in the next nine years, investing in renewable energy is investing in one of the highest growing industries. Below are three of the most undervalued renewable energy stocks to buy in April. Array Technologies (ARRY) Source: Shutterstock Array Technologies (NASDAQ: ARRY ) is an American renewable energy company focusing primarily on solar tracking solutions. They are the world leader in solar tracking solutions and are present all over the U.S., Europe, Asia, Africa and Australia. Through their cutting-edge innovation, they help PV panels maximize energy output using their DuraTrack single-axis tracker technology. The company is rapidly growing and recently showed plans to invest $50 million into a second solar tracking facility in Albuquerque.
The solar industry will be a long-term beneficiary of the energy transition that’s happening throughout the world. Governments are flooding the sector with money and will need to continue investing in the sector. That’s one reason why it’s a good time to consider the best solar stocks to buy. According to data from the Solar Energy Industries Association, the U.S. solar market reported a 51% increase in gigawatts direct current (GWdc) of capacity. The 32.4 GWdc of capacity was the first time the industry exceeded 30 GWdc in a year. However, this growth wasn’t reflected in solar stocks, many of which had a terrible year in 2023. The good news is that profitable companies are trading at a discount as measured by their price-to-earnings (P/E) ratio. While this isn’t a perfect measurement, it gives you a solid reference point for deciding if a stock is appropriately valued. Solar stocks are growth stocks that generally carry a high P/E ratio. As of March 2024, the average P/E of 13 solar stocks tracked by Full Ratio was 41.67x.
In this article, we discuss the 5 most undervalued renewable energy stocks to buy according to analysts. To read the detailed analysis of the renewable energy industry, go directly to the 12 Most Undervalued Renewable Energy Stocks To Buy According To Analysts. 5. Array Technologies, Inc. (NASDAQ:ARRY) PE Ratio as of March 21: 25 Average […]
A green economy is fast approaching, and renewable energy companies are reaping the benefits. Indeed, a recent article from ClimateWire cites that renewables will take over coal as the global source of electricity by 2025 . Moreover, government grants and subsidies, as well as increasing liquidity and cash reserves, help renewable energy companies to expand. And with elections in November, the sector may be looking at promises of additional support, so many investors are looking for renewable energy stocks to buy. If any of the above comes to fruition, these catalysts could propel these three undervalued stocks into the stratosphere. Array Technologies (ARRY) Source: chuyuss / Shutterstock.com With the sun’s potential as an almost infinite energy source, solar is one of the most prominent champions of renewable energy. Array Technologies (NASDAQ: ARRY ) offers utility-scale solar tracker technology. Specifically, the company enables renewable energy companies to harness the sun’s power, with patented trackers that drive multiple rows of solar panels and track the sun’s rays for efficient energy generation throughout the day.
Array Technologies Inc CEO Kevin Hostetler Sells 8,176 Shares
Array Technologies Inc (ARRY) share price today is $12.4
Yes, Indians can buy shares of Array Technologies Inc (ARRY) on Vested. To buy Array Technologies Inc from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in ARRY stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.
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 22.04
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 $1.88B
The stock symbol (or ticker) of Array Technologies Inc is ARRY
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