Stock ARRY ARRAY TECHNOLOGIES, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Array Technologies, Inc.

Equities

ARRY

US04271T1007

Renewable Energy Equipment & Services

Delayed Nasdaq
Other stock markets
 04:00:00 2024-05-24 pm EDT 		5-day change 1st Jan Change
13.59 USD +6.25% Intraday chart for Array Technologies, Inc. +24.00% -19.11%
May. 23 Morgan Stanley Adjusts Price Target on Array Technologies to $17 From $18, Maintains Equalweight Rating MT
May. 17 Wells Fargo Cuts Price Target on Array Technologies to $14 From $16, Maintains Equalweight Rating MT

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,479 2,119 2,909 2,540 2,063 - -
Enterprise Value (EV) 1 5,798 2,472 3,545 3,022 2,351 2,290 1,954
P/E ratio 88 x -30.8 x -66.7 x 30 x 21.2 x 14.1 x 16.9 x
Yield - - - - - - -
Capitalization / Revenue 6.28 x 2.48 x 1.78 x 1.61 x 1.53 x 1.26 x 1.15 x
EV / Revenue 6.64 x 2.9 x 2.16 x 1.92 x 1.75 x 1.39 x 1.09 x
EV / EBITDA 36.1 x 57.2 x 27.5 x 10.5 x 7.83 x 6.21 x 5.17 x
EV / FCF -46.9 x -9.27 x 27.1 x 14.1 x 18.2 x 11.1 x 8.95 x
FCF Yield -2.13% -10.8% 3.69% 7.11% 5.5% 8.99% 11.2%
Price to Book -67.7 x 12.1 x 23.3 x 9.8 x 4.2 x 3.27 x 2.58 x
Nbr of stocks (in thousands) 126,994 135,027 150,491 151,216 151,769 - -
Reference price 2 43.14 15.69 19.33 16.80 13.59 13.59 13.59
Announcement Date 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 647.9 872.7 853.3 1,638 1,577 1,345 1,642 1,787
EBITDA 1 - 160.5 43.22 128.7 288.1 300.1 368.6 377.8
EBIT 1 - 133.1 -24.74 -18.13 214.1 234.6 283 305.8
Operating Margin - 15.25% -2.9% -1.11% 13.58% 17.44% 17.23% 17.11%
Earnings before Tax (EBT) 1 - 77.78 -61.12 -4.952 177.2 196.2 250.9 262.8
Net income 1 39.74 59.07 -66.12 -43.62 85.55 104.2 151.8 127.8
Net margin 6.13% 6.77% -7.75% -2.66% 5.43% 7.74% 9.24% 7.15%
EPS 2 - 0.4900 -0.5100 -0.2900 0.5600 0.6406 0.9623 0.8044
Free Cash Flow 1 - -123.5 -266.5 130.9 215 129.2 205.9 218.4
FCF margin - -14.16% -31.24% 7.99% 13.64% 9.61% 12.54% 12.22%
FCF Conversion (EBITDA) - - - 101.66% 74.61% 43.06% 55.86% 57.81%
FCF Conversion (Net income) - - - - 251.28% 124.09% 135.66% 170.85%
Dividend per Share 2 - - - - - - - -
Announcement Date 10/8/20 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 219.9 300.6 424.9 515 402.1 376.8 507.7 350.4 341.6 153.4 233.2 424.3 509.3 300.1 397.7
EBITDA 1 0.453 0.737 25.94 55.42 51.7 66.97 115.6 57.39 48.18 26.25 42.05 101.3 129.8 58.71 87
EBIT 1 -20.01 -32.16 -6.844 18.52 16.35 47.46 96.24 40.2 30.22 8.414 24.27 84.54 112.7 35.62 62.07
Operating Margin -9.1% -10.7% -1.61% 3.6% 4.07% 12.6% 18.96% 11.47% 8.85% 5.48% 10.41% 19.93% 22.12% 11.87% 15.61%
Earnings before Tax (EBT) 1 -27.13 -34.5 -16.97 51.97 8.548 36.01 87.21 30.44 22.36 3.469 15.24 72.86 106.6 34.6 59.02
Net income 1 -32.14 -33.66 -14.96 28.56 -17.26 13.65 52.02 10.12 6.01 -11.34 2.977 44.31 67.18 19 31.79
Net margin -14.62% -11.2% -3.52% 5.55% -4.29% 3.62% 10.25% 2.89% 1.76% -7.39% 1.28% 10.44% 13.19% 6.33% 7.99%
EPS 2 -0.2500 -0.2300 -0.1000 0.1900 -0.1100 0.0900 0.3400 0.0700 0.0400 -0.0700 0.0119 0.2940 0.4307 0.0686 0.2024
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 4/5/22 5/10/22 8/9/22 11/8/22 3/21/23 5/9/23 8/8/23 11/7/23 2/27/24 5/9/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 320 354 636 481 289 228 -
Net Cash position 1 - - - - - - - 108
Leverage (Debt/EBITDA) - 1.992 x 8.182 x 4.938 x 1.671 x 0.9621 x 0.6174 x -
Free Cash Flow 1 - -124 -267 131 215 129 206 218
ROE (net income / shareholders' equity) - 100% 20% 208% 89.3% 39.3% 34.6% 36.1%
ROA (Net income/ Total Assets) - 14.2% 0.97% 4.02% 10% 6.22% 11.8% -
Assets 1 - 415.1 -6,812 -1,085 852.4 1,674 1,290 -
Book Value Per Share 2 - -0.6400 1.290 0.8300 1.710 3.240 4.160 5.280
Cash Flow per Share 2 - -1.010 -2.020 0.9400 1.530 1.170 1.930 1.330
Capex 1 - 1.34 3.36 10.6 17 23.7 27.4 27.3
Capex / Sales - 0.15% 0.39% 0.65% 1.08% 1.76% 1.67% 1.53%
Announcement Date 10/8/20 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Array Technologies, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
13.59 USD
Average target price
19.98 USD
Spread / Average Target
+47.03%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Renewable Energy Equipment & Services

1st Jan change Capi.
ARRAY TECHNOLOGIES, INC. Stock Array Technologies, Inc.
-19.11% 2.06B
SUNGROW POWER SUPPLY CO., LTD. Stock Sungrow Power Supply Co., Ltd.
+15.48% 20.51B
TRINA SOLAR CO., LTD. Stock Trina Solar Co., Ltd.
-25.59% 6.35B
MING YANG SMART ENERGY GROUP LIMITED Stock Ming Yang Smart Energy Group Limited
-17.15% 3.1B
GOODWE TECHNOLOGIES CO., LTD. Stock GoodWe Technologies Co., Ltd.
-22.45% 2.42B
NEL ASA Stock Nel ASA
+6.97% 1.1B
SHENZHEN HOPEWIND ELECTRIC CO., LTD. Stock Shenzhen Hopewind Electric Co., Ltd.
-28.36% 1.1B
SMART GÜNES ENERJISI TEKNOLOJILERI ARASTIRMA VE GELISTIRME ÜRETIM SANAYI VE TICARET Stock Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret
-1.63% 1.04B
AZAD ENGINEERING LIMITED Stock Azad Engineering Limited
+107.12% 1.02B
ENEFIT GREEN Stock Enefit Green
-14.57% 879M
Other Renewable Energy Equipment & Services
  1. Stock Market
  2. Equities
  3. ARRY Stock
  4. Financials Array Technologies, Inc.