ARRY:NSD-Array Technologies, Inc (USD)

COMMON STOCK | Solar | NSD

Last Closing Price

USD 16.24

Change

+0.19 (+1.18)%

Market Cap

USD 2.04B

Volume

2.98M

Average Target Price

USD 28.45 (+75.21%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is based in Albuquerque, New Mexico.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-06-17 )

Largest Industry Peers for Solar

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
ENPH Enphase Energy, Inc

+9.97 (+6.56%)

USD20.63B 225.88 185.05
SEDG SolarEdge Technologies, Inc

+15.62 (+6.31%)

USD12.87B 103.32 66.33
RUN Sunrun Inc

+4.43 (+9.28%)

USD9.73B 894.00 699.27
FSLR First Solar, Inc

+1.13 (+1.46%)

USD8.23B 15.99 9.13
SPWR SunPower Corporation

+2.10 (+8.53%)

USD4.25B 10.89 6.71
CSIQ Canadian Solar Inc

+1.62 (+4.28%)

USD2.27B 39.14 29.62
BEEM Beam Global

-0.15 (-0.42%)

USD0.32B N/A N/A
SUNW Sunworks, Inc

+0.24 (+2.50%)

USD0.26B N/A N/A
SPI SPI Energy Co., Ltd

-0.44 (-6.08%)

USD0.17B N/A 82.52
VVPR VivoPower International PLC

+0.08 (+1.13%)

USD0.12B 8.30 779.31

ETFs Containing ARRY

Symbol Name Weight Mer Price(Change) Market Cap

N/A

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 -63.24% 9% F 1% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -63.24% 9% F 1% F
Trailing 12 Months  
Capital Gain -66.06% 10% F 2% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -66.06% 10% F 2% F
Trailing 5 Years  
Capital Gain 399.69% 67% D+ 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 399.69% 67% D+ 90% A-
Average Annual (5 Year Horizon)  
Capital Gain 73.30% 40% F 91% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 73.30% 40% F 91% A-
Risk Return Profile  
Volatility (Standard Deviation) 78.04% 80% B- 21% F
Risk Adjusted Return 93.93% 80% B- 92% A-
Market Capitalization 2.04B 45% F 73% C
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Solar)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 31.97 63% D 32% F
Price/Book Ratio 12.48 18% F 11% F
Price / Cash Flow Ratio -16.68 36% F 81% B-
EV/EBITDA 74.20 56% F 13% F
Management Effectiveness  
Return on Equity -9.98% 60% D- 41% F
Return on Invested Capital 27.44% 91% A- 94% A
Return on Assets 3.78% 73% C 76% C
Debt to Equity Ratio -524.07% 100% A+ 98% A+
Technical Ratios  
Short Ratio 0.58 91% A- 83% B
Short Percent 2.84% 82% B- 56% F
Beta 1.65 36% F 23% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

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 risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

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.

Positive free cash flow

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

Superior Revenue Growth

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

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

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 compared to book value

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

Negative cashflow

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

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.