ARRY:NSD-Array Technologies Inc (USD)

COMMON STOCK | Solar | NSD

Last Closing Price

USD 9.22

Change

-0.19 (-2.02)%

Market Cap

USD 1.41B

Volume

4.02M

Avg Analyst Target

USD 19.00 (+106.07%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

Array Technologies Inc (ARRY) Stock Analysis:
Based on the Array Technologies Inc stock forecasts from 7 analysts, the average analyst target price for Array Technologies Inc is USD 19.00 over the next 12 months. Array Technologies Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Array Technologies Inc is Bearish, which is based on 2 positive signals and 8 negative signals. At the last closing, Array Technologies Inc’s stock price was USD 9.22. Array Technologies Inc’s stock price has changed by +16.56% over the past week, +31.34% over the past month and -40.75% over the last year.

About

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products 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 ...Read More

Company Website : https://arraytechinc.com

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

Employees : 1,348

Fiscal Year End : December

Currency: USD

Country : USA

Technical Indicators

Beta : 1.65

52 Week High : 27.67

Short Ratio : 2.84

52 Week Low : 5.45

Shorted Shares : 15,257,021

200 Day Moving Average : 14.73

Shorted Shares Previous Month : 15,635,639

50 Day Moving Average : 9.53

Shares Held By Insiders : 1.17%

Short Percentage : 10.20%

Shares Held by Institutions : 107.30%

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-05-24 )

Largest Industry Peers for Solar

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

-7.04 (-4.15%)

 USD22.72B 143.31 87.24
SEDG SolarEdge Technologies Inc

-7.40 (-2.89%)

 USD14.22B 82.55 52.70
FSLR First Solar Inc

-1.47 (-2.23%)

 USD7.08B 32.99 11.02
RUN Sunrun Inc

-1.06 (-4.55%)

 USD4.85B 894.00 699.27
SPWR SunPower Corporation

-0.63 (-3.80%)

 USD2.89B 8.28 64.88
CSIQ Canadian Solar Inc

+1.48 (+5.08%)

 USD1.89B 20.13 8.83
BEEM Beam Global

-0.80 (-5.93%)

 USD0.14B N/A N/A
PECK iSun, Inc

N/A

 USD0.11B 30.58 47.27
EVSI Beam Global

N/A

 USD0.08B N/A N/A
SUNW Sunworks Inc

-0.16 (-8.42%)

 USD0.06B N/A N/A

ETFs Containing ARRY

Symbol Name Weight Mer Price(Change) Market Cap
TAN Invesco Exchange-Traded F.. 0.00 % 0.66 %

-1.46 (-2.15%)

 USD2.04B
CNRG SPDR Kensho Clean Power E.. 0.00 % 0.45 %

-0.92 (-1.16%)

 USD0.24B

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 -41.24% 36% F 32% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -41.24% 36% F 32% F
Trailing 12 Months  
Capital Gain -39.74% 55% F 39% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -39.74% 55% F 38% F
Trailing 5 Years  
Capital Gain 11.49% 30% F 54% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 11.49% 30% F 48% F
Average Annual (5 Year Horizon)  
Capital Gain 37.47% 36% F 85% B
Dividend Return N/A N/A N/A N/A N/A
Total Return 37.47% 36% F 84% B
Risk Return Profile  
Volatility (Standard Deviation) 92.85% 64% D 15% F
Risk Adjusted Return 40.36% 27% F 69% D+
Market Capitalization 1.41B 45% F 76% 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 28% F
Price/Book Ratio 12.56 18% F 6% F
Price / Cash Flow Ratio -5.37 73% C 71% C-
EV/EBITDA 5,073.78 11% F 0% N/A
Management Effectiveness  
Return on Equity -48.13% 18% F 24% F
Return on Invested Capital -1.90% 64% D 45% F
Return on Assets -3.69% 45% F 37% F
Debt to Equity Ratio 171.93% 22% F 12% F
Technical Ratios  
Dividend Yield N/A N/A N/A N/A N/A
Short Ratio 2.84 45% F 53% F
Short Percent 10.20% 36% F 17% F
Beta 1.65 45% F 20% 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 Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

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User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

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:
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.

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.

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.

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.

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.

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.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector