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Buy Day today: Good (62) Broad market participation · no major macro event
ARRY

Array Technologies Inc

Technology · Solar · listed since 2020

4.20$ +1.0% vs. previous close Closing price · As of: Sep 17, 2026
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Price history

Chart

Interactive price chart (TradingView).

52-week range: 4.20 $ to 12.00 $ · Last price: 4.20 $ (As of: September 17, 2026)

Key figures

Key figures at a glance

Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.

Basics

Market Cap ?The value of the entire company on the market: share price times total shares outstanding. 0.7$B
Shares Outstanding ?Total number of shares issued. Price times share count gives market cap. 154m
Float ?Share of stock freely tradable on the market — not locked up in the hands of founders, insiders, or major shareholders. 91.1%
Beta ?Volatility versus the overall market: 1 = moves like the market, 2 = twice as much, under 1 = calmer than the market. 1.8

Performance

Perf. 1M ?Price performance over the last month. -21.80%
Perf. 3M ?Price performance over the last 3 months. -1.20%
Perf. 6M ?Price performance over the last 6 months. -28.90%
YTD Performance (%) ?Price performance since the start of the year (Year to Date). -14.30%
52-Week-High Distance ?How far the price sits below its highest point over the last 52 weeks. 0% means the stock is at its year high. -37.1%
Perf. 1Y ?Price performance over the last 12 months. -45.78%
Perf. 3Y ?Price performance over the last 3 years. -83.15%
Perf. 5Y ?Price performance over the last 5 years. -77.08%
Perf. Since Inception ?Price performance since the first available trading day (10/15/2020) — with a complete history, that is since the IPO. -88.37%

Technical Indicators

MA 38 Days ?Moving average of the last 38 trading days: the smoothed price path. A price above it signals short-term strength. 4.90$
MA 50 Days ?Moving average of the last 50 trading days — the most widely watched medium-term trend line. 5.20$
MA 200 Days ?Moving average of the last 200 trading days — the dividing line between a long-term uptrend and downtrend. 7.70$
RSI (14) ?Relative Strength Index over 14 days, scale 0 to 100: above 70 counts as overbought, below 30 as oversold. A hint on timing, not a verdict on the company. 35.2
Volatility 30 Days ?Price swings over the last 30 trading days, annualized. The higher the value, the more the price fluctuates. 48.0%
Volatility 250 Days ?Price swings over the last 250 trading days (roughly one market year), annualized. 81.2%

Calculated from the price history · as of 09/18/2026

Valuation

P/E ?Price-to-earnings ratio: how many years of profit does the stock cost? The lower, the cheaper the valuation. No earnings means no P/E. –
Forward P/E ?P/E based on expected earnings for the next 12 months instead of past earnings — analysts' bet on the future. 5.5
PEG ?P/E divided by expected earnings growth: puts valuation in relation to growth. Around 1 is considered fair, well above that is pricey. 0.5
P/B ?Price-to-book ratio: market value relative to book equity. 2.7
P/S ?Price-to-sales ratio: market value divided by annual sales. Important for companies that aren't (yet) profitable. 0.6
EV/EBITDA ?Enterprise value including debt (EV) relative to operating profit before depreciation and amortization (EBITDA) — more comparable than P/E because debt counts too. Extreme values arise when EBITDA is near zero. 223.2
Price/FCF ?Market value divided by free cash flow: how many years of freely available cash does the stock cost? More honest than P/E because cash flow is harder to dress up. 5.2

Profitability

Gross Margin ?Gross margin: what's left of sales after only direct production costs are deducted — the product's pricing power. 26.8%
EBIT Margin ?EBIT margin: operating profit as a percentage of sales — the earning power of the core business before interest and taxes. 2.0%
Net Margin ?Net margin: what's left of sales as profit after ALL costs, interest, and taxes. -7.2%
Return on Equity ?Return on equity: how much profit does the company generate per year on shareholders' equity? -22.7%
Return on Assets ?Return on assets: how much profit the company generates from its total assets (equity and debt combined). 3.3%

Balance Sheet & Safety

Equity Ratio ?Equity ratio: equity as a share of total assets. The higher, the more resilient the balance sheet. 18.2%
Debt/Equity ?Leverage ratio: financial debt divided by equity. Under 1 is generally seen as solid; negative values mean negative equity. 2.8
Altman Z″ ?Edward Altman's bankruptcy early-warning score. We use the Z″ variant, built from four balance-sheet ratios — it is designed for service companies and non-manufacturers and uses book value instead of market value. On that scale: below 1.1 = danger zone, 2.6 and up = safe zone, in between a grey area. Because the classic Altman Z is calculated differently, the two numbers are not directly comparable. The formula does not fit banks, insurers, or real-estate stocks. 4.62
Piotroski ?Balance-sheet health check by Joseph Piotroski: 9 yes/no criteria on profit, cash flow, leverage, and efficiency. 7+ is very solid, under 3 is a red flag. weak 1 out of 9

Growth

Sales Growth Last Quarter ?Sales growth in the most recently reported quarter versus the same quarter a year ago (YoY). -26.10%
EPS Growth Last Quarter ?Growth in earnings per share in the most recently reported quarter versus the same quarter a year ago (YoY). 137.10%
Sales Growth (Year) ?Sales growth in the last fiscal year versus the year before. 40.22%
Forward Sales Growth ?Sales growth analysts expect over the next 12 months — an estimate, not a guarantee. 9.75%
Forward EPS Growth ?Earnings-per-share growth analysts expect over the next 12 months — an estimate, not a guarantee. 23.90%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage ?Weinstein phases 1 through 4: 1 = basing, 2 = uptrend (the only buy phase), 3 = topping, 4 = downtrend. Measured against the 30-week line. 4
RS Rating ?Relative strength from 1 to 99: an RS of 95 means the stock has outperformed 95% of all stocks. 41
EPS Rating ?Earnings growth rating from 1 to 99 versus all stocks — high values mean above-average earnings growth. 88
Fundamental Rating ?Our own Fundamental Rating: 0 to 100 points with an A+ to F grade. 50 points is the average across the universe, 100 the best possible score. It scores growth, earnings surprises, analyst estimates, margins, cash flow, and balance-sheet safety — every stock percentile-ranked against all others. Grades: A+ from 95, A from 75, B from 55, C from 45, D from 25, E from 5, F below. D (44 out of 100)

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Comparison

Industry comparison

The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.

Industry: Solar

Industry comparison
Company Market cap ($B) P/E EV/EBITDA Gross Margin % EBIT Margin % Sales Growth (Year) % Perf. 1Y %
Array Technologies Inc ARRY 0.7 – 223.2 26.8 2.0 40.2 -45.8
First Solar Inc FSLR 22.8 12.2 8.5 44.0 33.1 24.1 -6.9
Nextpower Inc. NXT 13.6 20.0 15.8 23.0 18.2 20.3 21.3
Enphase Energy Inc ENPH 5.3 35.1 18.1 30.0 -9.1 10.7 -7.0
SolarEdge Technologies Inc SEDG 2.2 – 52.7 21.3 -2.7 31.4 4.7
Sunrun Inc RUN 2.2 4.1 18.8 35.3 -6.0 45.1 -45.2
Shoals Technologies Group Inc SHLS 1.4 – 19.5 32.1 8.1 19.1 5.8
Canadian Solar Inc CSIQ 0.8 – 308.4 17.6 6.8 -6.7 -7.1
JinkoSolar Holding Company Limited JKS 0.6 – 176.7 4.8 -4.8 -29.0 -57.0
Median of companies shown 2.2 16.1 19.5 26.8 2.0 20.3 -7.0

Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →

Fiscal years

Annual Figures

Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.

Revenue, operating income and net income per fiscal year $M

Revenue Operating income Net income

2016 · Revenue: 138 $M 2016 · Operating income: -82 $M 2016 · Net income: -104 $M 2017 · Revenue: 151 $M 2017 · Operating income: -104 $M 2017 · Net income: -129 $M 2018 · Revenue: 291 $M 2018 · Operating income: -61 $M 2018 · Net income: -61 $M 2019 · Revenue: 648 $M 2019 · Operating income: 83 $M 2019 · Net income: 40 $M 2020 · Revenue: 873 $M 2020 · Operating income: 95 $M 2020 · Net income: 59 $M 2021 · Revenue: 853 $M 2021 · Operating income: -25 $M 2021 · Net income: -50 $M 2022 · Revenue: 1,638 $M 2022 · Operating income: -18 $M 2022 · Net income: 4 $M 2023 · Revenue: 1,577 $M 2023 · Operating income: 214 $M 2023 · Net income: 137 $M 2024 · Revenue: 916 $M 2024 · Operating income: -227 $M 2024 · Net income: -240 $M 2025 · Revenue: 1,284 $M 2025 · Operating income: 74 $M 2025 · Net income: -52 $M
2016201720182019202020212022202320242025
Annual Figures
Fiscal Year Revenue ($M) EBIT ($M) Net Income ($M) EPS ($) Operating Cash Flow ($M) Equity ($M) Total Assets ($M)
2016 138 -82 -104 -0.73 -70 -38 169
2017 151 -104 -129 -0.79 -39 12 279
2018 291 -61 -61 -0.48 -12 264 510
2019 648 83 40 0.31 386 305 924
2020 873 95 59 0.47 -122 -81 656
2021 853 -25 -50 -0.39 -263 168 1,143
2022 1,638 -18 4 0.03 141 424 1,706
2023 1,577 214 137 0.90 232 611 1,707
2024 916 -227 -240 -1.58 154 289 1,426
2025 1,284 74 -52 -0.34 102 260 1,452

Quarters

Quarterly Figures

Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.

These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.

The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 275.2 $M Q4 2025: Q1 · 302.4 $M Q1 2025: Q2 · 362.2 $M Q2 2025: Q3 · 393.5 $M Q3 2025: Q4 · 226.0 $M Q4 2026: Q1 · 223.4 $M Q1 2026: Q2 · 342.1 $M Q2

Source: fundamental data

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 -0.93 -2,425.00 275 -19.40 -46.10 58 45
2025: Q1 0.02 128.60 302 97.10 5.50 -13 -15
2025: Q2 0.19 137.50 362 41.60 11.90 44 37
2025: Q3 0.12 – 394 70.00 8.50 27 22
2025: Q4 -0.95 – 226 -17.90 -64.50 44 36
2026: Q1 -0.09 -550.00 223 -26.10 0.90 -29 -37
2026: Q2 0.05 -73.70 342 -5.50 7.10 121 114

What Do These Terms Mean?

EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

Compare with other stocks →

Screening

Appears in These Scanners

This stock currently matches 4 of our scanner strategies — each hit links to the scanner.

Quality & Balance Sheet

Risk & Weakness

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners

Outlook

Analysts & Price Target

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Consensus Sell 1 = Strong buy … 5 = Strong sell
Analyst Ratings 24
Price Target (average) 8.92$
Distance to price 112.4% The price target sits 112.4% above the current price.

Distribution of Recommendations

Strong Buy 10
Buy 3
Hold 11
Sell 0
Strong Sell 0

Estimates by Fiscal Year

Estimates by Fiscal Year
Fiscal Year EPS Estimate ($) EPS Range ($) Revenue Estimate ($M) Expected Growth Analysts
12/31/2026 0.75 0.69 – 0.87 1,441 11.2% 18
12/31/2027 0.90 0.67 – 1.15 1,614 20.3% 18

Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.

Valuation

What is priced in?

Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.

Today’s market value implies roughly -11.5% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).

What is priced in?
Free cash flow (last twelve months) $134.7M
Market cap $699.0M
Free cash flow in year ten $39.5M
Terminal value as a share of market value 29.8%

It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.

A simplified model calculation — not a forecast and not a recommendation.

AI classification

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available.

How the Rating Is Built

Growth

Growth Score

Ten checks against the annual reports — each one passed counts a point.

4 of 10 Weak growth
  • Revenue grows by more than 15% a year over three years -7.8%
  • More than 10% revenue growth is expected for the coming year 9.8%
  • Share count grows by less than 3% a year 0.6%
  • Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 46.4%
  • Gross margin at 40% or higher and without meaningful erosion 23.3%
  • Goodwill from acquisitions does not grow faster than revenue 9.3%
  • Net debt below twice EBITDA 11.5 x EBITDA
  • Operating cash flow covers the profits of the last three years 643 m
  • Return on capital at 15% or higher, or up versus two years ago 6.9%
  • Insiders hold at least 10% or are net buyers 0.7%

A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail

Quality check

AAQS

4/10

The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).

  • Sales growth 10Y > 5% 28.1%
  • Exp. sales growth 3Y > 5% 12.1%
  • EBIT growth 10Y > 5% –
  • Exp. EBIT growth 3Y > 5% 12.1%
  • Net debt < 4x EBIT 7.1x
  • EBIT positive, 10Y straight 4
  • Max. EBIT decline < 50% 100.0%
  • Return on equity > 15% –
  • ROCE > 15% 6.9%
  • Expected return > 10% 24.9%

View stocks with the full AAQS score · Read the methodology at AlleAktien

Source: fundamental data

The company

About the Company

Array Technologies, Inc. beschäftigt sich mit der Herstellung und dem Verkauf von Solar-Nachführtechnologie in den USA, Spanien, Brasilien, Australien und international.

Employees
1,200
Headquarters
Albuquerque, NM
Address
3901 Midway Place NE, 87109 Albuquerque, United States
Phone
505 881 7567
IPO Date
10/15/2020
ISIN
US04271T1007

Management

Management
Name Title Birth Year
Kevin G. Hostetler CEO & Director 1968
Neil Manning COO & President 1971
H. Keith Jennings B.Com., C.A., M.B.A. Chief Financial Officer 1970
Gina K. Gunning J.D. Chief Legal Officer & Corporate Secretary 1957
Terrance L. Collins Chief Human Resources Officer 1965
James Zhu Chief Accounting Officer 1962
Aaron Gabelnick Chief Strategy & Technology Officer –
Sarah Sheppard Head of Investor Relations –
Jessica Lawrence-Vaca Chief Commercial Officer –
Darin Green Global Chief Revenue Officer –

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Filings

Company Filings (8-K)

An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).

  • 08/31/2026 Array Technologies, Inc. (ARRY): Regulation FD Disclosure; Other Events; Financial Statements and Exhibits SEC ↗
  • 08/20/2026 Array Technologies, Inc. (ARRY): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
  • 08/05/2026 Array Technologies, Inc. (ARRY): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
  • 07/16/2026 Array Technologies, Inc. (ARRY): Entry into a Material Definitive Agreement; Unregistered Sales of Equity Securities; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗

Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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