Profile
Sector:
TechnologyIndustry:
SolarCountry:
United StatesIPO:
15 October 2020Website:
http://arraytechinc.comNext earnings report:
07 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Thu, 31 Oct 2024 23:28:46 GMTDividend
Analysts recommendations
Institutional Ownership
ARRY Latest News
Array Technologies is undervalued due to fears of potential tax-policy changes for the solar industry if Republicans sweep the 2024 election, alongside overly aggressive short-selling efforts. U.S. demand for renewable electricity sources is expected to grow due to increasing EV adoption and AI datacenter expansion, despite political uncertainties. A surprise Democratic win could boost solar stocks significantly, while a divided government result may maintain current green energy incentives, making solar equities attractive again.
Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short-term challenges, with the US solar capacity expected to grow significantly, with 737GW of new capacity expected to come on board through 2035. ARRY offers a more compelling FCF yield than close peer NXT, whilst its superior medium-term earnings growth trajectory makes its P/E multiple look very attractive.
NOC's airborne fire control radars are used in the U.S. Air Force's 5th generation fighter platforms, the F-22 Raptor and the F-35 Lightning II, apart from F-16 jets.
First Generation ‘MicroPearls Pro™'and "MicroPearls ProX™" Will Support Largest Mushroom Ingredient Categories LAS VEGAS, NV / ACCESSWIRE / September 30, 2024 / Hypha Labs, Inc. (OTCQB:FUNI), a pioneer in functional mushroom sciences and the creator of the MicroPearls™ suite of products, is pleased to announce the first Functional Mushroom ingredient array for its first generation products, the MicroPearls Pro™, designed for home use and The MicroPearls ProX™ which is being designed for large-scale commercial ingredient production and is expected to produce an identical array. Both devices rely on a ‘mushroom accelerator' which leverages the Company's proprietary methodology and solution to produce functional mushroom ingredients in an eight day cycle.
Solar stocks have seen quite a rebound this week following Tuesday's presidential debate in which democratic nominee Kamala Harris emphasized building out alternative energy assets.
In the latest trading session, Array Technologies, Inc. (ARRY) closed at $6.68, marking a +1.21% move from the previous day.
ALBUQUERQUE, N.M., Sept. 09, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, is proud to announce the development of 77-degree stow capabilities for its tracker systems, the steepest stow angle for protective hail stow on the planet.
ARRY, BSM and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on August 19, 2024.
Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.47 per share a year ago.
Second Quarter 2024 Highlights Revenue of $255.8 million Gross Margin of 33.6% Adjusted gross margin of 35.0%( 1) Net income to common shareholders of $12.0 million Adjusted EBITDA( 1) of $55.4 million Basic and diluted net income per share of $0.08 Adjusted diluted net income per share( 1) of $0.20 ALBUQUERQUE, N.M., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its second quarter ended June 30, 2024.
What type of business is Array Technologies?
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.
What sector is Array Technologies in?
Array Technologies is in the Technology sector
What industry is Array Technologies in?
Array Technologies is in the Solar industry
What country is Array Technologies from?
Array Technologies is headquartered in United States
When did Array Technologies go public?
Array Technologies initial public offering (IPO) was on 15 October 2020
What is Array Technologies website?
https://arraytechinc.com
Is Array Technologies in the S&P 500?
No, Array Technologies is not included in the S&P 500 index
Is Array Technologies in the NASDAQ 100?
No, Array Technologies is not included in the NASDAQ 100 index
Is Array Technologies in the Dow Jones?
No, Array Technologies is not included in the Dow Jones index
When was Array Technologies the previous earnings report?
No data
When does Array Technologies earnings report?
The next expected earnings date for Array Technologies is 07 November 2024