Based on the Array Technologies Inc stock forecast from 16 analysts, the average analyst target price for Array Technologies Inc is USD 26.30 over the next 12 months. Array Technologies Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Array Technologies Inc is Slightly Bearish, which is based on 6 positive signals and 8 negative signals. At the last closing, Array Technologies Inc’s stock price was USD 22.17. Array Technologies Inc’s stock price has changed by -6.34% over the past week, +12.14% over the past month and +100.09% over the last year.
No recent analyst target price found for Array Technologies Inc
No recent average analyst rating found for Array Technologies Inc
Company Overview
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 include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver 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 its energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Address: 3901 Midway Place NE, Albuquerque, NM, United States, 87109 Read Less
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 inclu...Read More
Based on ratings from 16 analysts Array Technologies Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 13 buy, 1 sell and 2 hold ratings.
Unfortunately we do not have enough data on ARRY's stock to indicate if its a good dividend stock.
Based on targets from 16 analysts, the average taret price for ARRY is USD 26.30 over the next 12 months. The maximum analyst target price is USD 35 while the minimum anlayst target price is USD 17.
ARRY stock's Price/Earning ratio is 444.80.
Our analysis grades ARRY stock's Price / Earning ratio at F. This means that ARRY stock's Price/Earning ratio is above 78% of the stocks in the Solar sector in the NSD exchange.
Based on this ARRY may be a overvalued for its sector.
The last closing price of ARRY's stock was USD 22.17.
The most recent market capitalization for ARRY is USD 3.35B.
Based on targets from 16 analysts, the average taret price for ARRY is projected at USD 26.30 over the next 12 months.
This means that ARRY's stock price may go up by +18.63% over the next 12 months.
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Stock Target Advisor's Analysis
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
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 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 Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
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.
What not to like
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.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
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.
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.
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 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.
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