ARRY:NSD-Array Technologies Inc (USD)

COMMON STOCK | Solar |

Last Closing

USD 6.83

Change

-0.38 (-5.27)%

Market Cap

USD 1.10B

Volume

5.10M

Analyst Target

USD 44.29
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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. Address: 3901 Midway Place NE, Albuquerque, NM, United States, 87109

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-18 )

Largest Industry Peers for Solar

Symbol Name Price(Change) Market Cap
FSLR First Solar Inc

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ENPH Enphase Energy Inc

+1.21 (+1.02%)

USD 14.88B
RUN Sunrun Inc

-0.01 (-0.05%)

USD 4.30B
SEDG SolarEdge Technologies Inc

-0.83 (-3.69%)

USD 1.13B
SHLS Shoals Technologies Group Inc

-0.18 (-2.79%)

USD 0.97B
CSIQ Canadian Solar Inc

+0.59 (+4.20%)

USD 0.93B
CSLR Complete Solaria, Inc. Common ..

+0.19 (+7.06%)

USD 0.15B
MAXN Maxeon Solar Technologies Ltd

N/A

USD 0.11B
TYGO Tigo Energy Inc.

-0.13 (-8.07%)

USD 0.10B
BEEM Beam Global

-0.11 (-2.03%)

USD 0.08B

ETFs Containing ARRY

ZERO:PA 3.92 % 0.00 %

N/A

N/A
SOLR:SW Invesco Solar Energy UCIT.. 3.20 % 0.00 %

N/A

N/A
PBD Invesco Global Clean Ener.. 0.00 % 0.75 %

-0.09 (0.00%)

N/A
TAN Invesco Solar ETF 0.00 % 0.65 %

-0.01 (0.00%)

N/A
CLMT:CA 0.00 % 0.00 %

N/A

N/A
RAYS Global X Solar ETF 0.00 % 0.00 %

-0.05 (0.00%)

USD 6.12M
GCED:LSE Invesco Markets II plc - .. 0.00 % 0.00 %

N/A

USD 1.32M
RAYG:LSE Global X Solar UCITS ETF .. 0.00 % 0.00 %

-0.06 (0.00%)

USD 3.04M
ZER0:XETRA 0.00 % 0.00 %

N/A

N/A
RA7Z:XETRA Global X Solar UCITS ETF .. 0.00 % 0.00 %

-0.05 (0.00%)

USD 3.23M
RAYZ:LSE Global X Solar UCITS ETF .. 0.00 % 0.00 %

-0.06 (0.00%)

N/A
TANN:AU BetaShares Solar ETF 0.00 % 0.00 %

+0.14 (+0.00%)

N/A
RAYZ:SW Global X Solar UCITS ETF .. 0.00 % 0.00 %

N/A

USD 3.03M

Market Performance

  Market Performance vs. Industry/Classification (Solar) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -59.35% 26% F 12% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -59.35% 26% F 12% F
Trailing 12 Months  
Capital Gain -72.82% 29% F 10% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -72.82% 29% F 10% F
Trailing 5 Years  
Capital Gain -85.73% 44% F 13% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -85.73% 44% F 13% F
Average Annual (5 Year Horizon)  
Capital Gain -12.16% 33% F 23% F
Dividend Return -12.16% 33% F 23% F
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 57.30% 61% D- 31% F
Risk Adjusted Return -21.22% 39% F 28% F
Market Capitalization 1.10B 78% C+ 72% C

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.