YOLFTbeta
Array Technologies Inc

Array Technologies Inc

ARRY · NASDAQ · Technology / Solar

4.84USD+0.04 (+0.83%)

Price History

Full chart

Market Stats

Previous Close4.80
Open4.75
Day Range4.63 – 4.92
52-Week Range3.76 – 12.23
Volume8.64M
Market Cap604.54M
P/E (TTM)0.00
Forward P/E4.83
EPS-0.98
Dividend Yield0.00%
Beta1.77
50-Day Avg4.97
200-Day Avg7.65

About

Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. It operates through two segments, Array Legacy Operations and STI Operations. The company's products portfolio includes DuraTrack HZ V3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.

Company Details

  • SectorTechnology
  • IndustrySolar
  • CEOMr. Kevin G. Hostetler
  • Employees1.20K
  • Headquarters3901 Midway Place NE, Albuquerque, NM, United States, 87109, USA
  • Websitehttps://arraytechinc.com

Leadership

  • Mr. Kevin G. HostetlerCEO & Director · b. 1968
  • Mr. Neil ManningCOO & President · b. 1971
  • Mr. H. Keith Jennings B.Com., C.A., M.B.A.Chief Financial Officer · b. 1970
  • Ms. Gina K. Gunning J.D.Chief Legal Officer & Corporate Secretary · b. 1957
  • Mr. Terrance L. CollinsChief Human Resources Officer · b. 1965
  • Mr. James ZhuChief Accounting Officer · b. 1962
  • Mr. Aaron GabelnickChief Strategy & Technology Officer
  • Sarah SheppardHead of Investor Relations
  • Ms. Jessica Lawrence-VacaChief Commercial Officer
  • Mr. Darin GreenGlobal Chief Revenue Officer

Financials

Income Statement

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue35.13B35.13B34.83B45.51B45.00B36.97M28.81M24.98M53.88M71.90M85.14M69.58M42.08M51.91M137.88M150.85M290.78M647.90M872.66M853.32M1.64B1.58B915.81M1.28B
Growth (%)-0.00%-0.84%+30.65%-1.10%-99.92%-22.08%-13.28%+115.68%+33.45%+18.41%-18.27%-39.53%+23.36%+165.62%+9.41%+92.76%+122.81%+34.69%-2.22%+91.90%-3.72%-41.91%+40.22%
Cost of Revenue26.77B26.77B23.94B38.05B39.61B24.94M21.36M19.86M28.32M28.92M24.26M30.08M45.97M44.39M23.17M35.40M279.23M497.14M669.86M785.02M1.42B1.16B618.13M985.59M
Gross Profit8.35B8.35B10.89B7.46B5.39B12.03M7.44M5.13M25.56M42.98M60.87M39.50M-3.89M7.52M114.71M115.46M11.55M150.76M202.80M68.30M212.72M415.55M297.68M298.55M
Gross Margin23.78%23.78%31.28%16.39%11.98%32.55%25.84%20.52%47.44%59.78%71.50%56.77%-9.24%14.48%83.20%76.54%3.97%23.27%23.24%8.00%12.99%26.36%32.50%23.25%
Operating Expense28.22B28.22B36.78B30.70B44.34B66.50M101.75M122.92M87.44M83.80M72.83M90.19M71.65M-12.10M196.68M219.92M72.76M67.35M107.59M93.04M230.85M201.43M524.68M224.81M
Operating Income-19.86B-19.86B-25.88B-23.24B-38.94B-54.46M-94.30M-117.79M-61.88M-40.82M-11.96M-50.68M-75.54M19.62M-81.97M-104.47M-61.21M83.41M95.21M-24.74M-18.13M214.12M-227.00M73.74M
Operating Margin-56.54%-56.54%-74.32%-51.08%-86.54%-147.32%-327.35%-471.50%-114.85%-56.77%-14.04%-72.84%-179.53%37.79%-59.45%-69.25%-21.05%12.87%10.91%-2.90%-1.11%13.58%-24.79%5.74%
EBITDA-12.68B-12.68B-17.51B-15.22B-29.91B-48.08M-88.20M-111.18M-55.54M-33.20M-6.88M-41.86M-65.78M29.12M-74.06M-94.94M-33.24M110.69M149.13M509.00K132.80M276.21M-162.97M45.40M
EBITDA Margin-36.11%-36.11%-50.26%-33.44%-66.47%-130.06%-306.16%-445.03%-103.09%-46.18%-8.08%-60.16%-156.32%56.09%-53.72%-62.93%-11.43%17.08%17.09%0.06%8.11%17.52%-17.80%3.54%
Net Income-19.57B-19.57B-25.50B-23.24B-40.28B-56.42M-98.27M-138.13M-93.38M-71.83M-35.20M-73.20M-94.97M-878.00K-103.71M-129.13M-60.76M39.74M59.07M-50.40M4.43M137.24M-240.39M-52.23M
Net Income Margin-55.73%-55.73%-73.22%-51.08%-89.51%-152.61%-341.13%-552.91%-173.31%-99.90%-41.35%-105.20%-225.71%-1.69%-75.22%-85.60%-20.90%6.13%6.77%-5.91%0.27%8.71%-26.25%-4.07%
R&D20.22B20.22B596.84M22.87B33.38B57.46M90.35M89.56M-56.72M56.72M59.42M49.82M54.44M160.66M178.20M185.82M---26.36M--18.70M
R&D as % of Total Revenue57.55%57.55%1.71%50.26%74.18%155.43%313.62%358.50%-78.88%66.62%85.40%118.41%104.88%116.52%118.13%63.90%---1.61%--1.46%
Interest Expense0000669.68M979.00K1.99M10.02M15.75M15.51M11.62M11.26M9.72M10.25M10.87M12.33M19.04M18.80M15.13M35.68M36.69M44.23M34.83M27.33M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%1.49%2.65%6.89%40.12%29.23%21.57%13.65%16.18%23.09%19.74%7.89%8.18%6.55%2.90%1.73%4.18%2.24%2.81%3.80%2.13%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets107.91B107.91B83.83B77.76B127.95B102.17B174.97M62.32M50.14M41.88M18.81M108.07M135.99M139.05M198.21M168.90M279.14M509.86M923.58M656.02M1.14B1.71B1.71B1.43B1.45B
Total Liabilities107.91B107.91B83.83B77.76B12.41B33.53B67.27M90.64M118.46M197.93M150.42M193.88M157.90M164.77M155.55M206.83M267.42M245.39M618.43M736.92M974.72M1.28B1.10B1.14B1.19B
Total Equity0000115.55B68.64B107.70M-28.32M-68.32M-156.04M-131.61M-85.81M-21.91M-25.72M42.65M-37.93M11.73M264.47M305.15M-80.90M168.26M423.85M610.51M288.83M260.39M
Cash35.39B35.39B23.07B7.75B12.43B15.57B10.67M56.45M33.20M32.85M48.10M55.80M60.74M68.59M55.69M56.60M125.93M40.83M310.26M108.44M367.67M133.90M249.08M362.99M244.39M
Total Debt---10.00B10.00B14.15B15.00M35.35M83.17M112.83M91.54M92.26M99.02M103.95M107.28M113.66M133.91M155.03M97.75M428.28M726.62M769.60M730.47M698.01M766.19M
Net Debt-35.39B-35.39B-23.07B-7.75B-2.43B-1.42B4.33M-21.09M49.97M79.98M43.44M36.46M38.28M35.36M51.59M57.06M7.97M114.20M-212.51M319.84M358.95M635.70M481.39M335.02M521.80M

Cash Flow

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-17.59B-17.59B5.50B-17.18B-24.30B-44.52M-45.74M-92.94M17.56M-65.94M-33.55M-87.07M-71.68M-5.79M-70.09M-39.40M-11.73M386.07M-122.20M-263.19M141.49M231.96M153.98M101.78M
Investing Cash Flow-----------------6.43M-1.70M-1.34M-15.33M-384.44M-16.82M-9.57M-187.89M
Financing Cash Flow1.52B1.52B1.61B78.15B6.82B90.29M40.79M40.69M51.15M7.12M59.97M108.37M77.06M50.94M4.97M166.81M50.86M-63.95M-129.27M537.75M8.44M-101.76M-11.84M-38.05M
Capital Expenditure9.57B9.57B3.63B5.68B5.18B7.15M168.00K001.44M1.44M2.34M2.61M2.51M3.16M3.52M6.43M1.70M1.34M3.36M10.62M16.99M7.30M21.97M
Free Cash Flow-27.15B-27.15B1.87B-22.86B-29.48B-51.67M-45.57M-92.94M17.56M-65.94M-34.98M-89.41M-74.30M-8.30M-73.25M-42.92M-18.16M384.38M-123.54M-266.54M130.87M214.97M146.68M79.81M
Dividends Paid----------------8.05M8.05M589.00M8.05M18.67M00-
FCF to OCF154.42%154.42%34.04%133.08%121.32%116.05%99.63%100.00%100.00%100.00%104.28%102.69%103.65%143.28%104.51%108.93%154.83%99.56%101.09%101.28%92.50%92.68%95.26%78.41%
Dividend Paid to FCF-----------------44.34%2.09%-476.76%-3.02%14.27%0.00%0.00%-

Earnings

Report DateSep 30, 2019Sep 2, 2020Nov 5, 2020Mar 9, 2021May 11, 2021Aug 11, 2021Nov 11, 2021Dec 31, 2021Apr 5, 2022Aug 9, 2022Nov 8, 2022Mar 21, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 27, 2024May 9, 2024Aug 8, 2024Nov 7, 2024Feb 27, 2025May 21, 2025Aug 7, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.000.000.070.060.200.03-0.05-0.03-0.030.020.100.080.040.180.130.11-0.030.110.140.170.090.190.190.00-0.050.070.08
EPS Actual0.150.010.070.080.190.07-0.07-0.06-0.060.090.180.100.250.470.210.210.060.200.170.160.020.230.27-0.010.060.22-
Surprise---1.13%33.33%-5.00%133.33%-40.00%-100.00%-100.00%350.00%80.00%25.00%525.00%161.11%61.54%90.91%300.00%81.82%21.43%-5.88%-82.72%21.05%42.11%-869.23%220.00%214.29%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap604.54M
Enterprise Value1.54B
Trailing P/E0.00
Forward P/E4.83
PEG Ratio0.40
Price / Sales0.51
Price / Book5.03
EPS-0.98
Book Value-1.31
Revenue (TTM)1.19B
Gross Profit (TTM)317.12M
EBITDA119.36M
Profit Margin-7.25%
Operating Margin10.88%
Return on Equity-25.98%
Return on Assets3.33%
Shares Outstanding153.83M
Shares Float140.06M
Beta1.77
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 24 analystsTarget 8.60
  • Strong Buy
    10
  • Buy
    3
  • Hold
    11

Ownership Breakdown

Institutions
147.85%
Insiders
0.66%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    29.19M18.95%
  • Hill City Capital, LP
    12.89M8.37%
  • Grantham, Mayo, Van Otterloo & Co., LLC
    10.95M7.11%
  • First Trust Advisors L.P.
    10.34M6.71%
  • BNP Paribas Investment Partners SA
    9.61M6.24%
  • Vanguard Portfolio Management, LLC
    8.10M5.26%
  • UBS Group AG
    7.80M5.07%
  • Amvescap Plc.
    7.43M4.82%
  • Morgan Stanley - Brokerage Accounts
    6.99M4.54%
  • Vanguard Capital Management, LLC
    6.68M4.34%
  • State Street Corp
    4.82M3.13%
  • Schroder Investment Management Group
    4.34M2.82%
  • Geode Capital Management, LLC
    3.97M2.58%
  • Amundi
    3.86M2.51%

Top Fund Holders

  • BGF Sustainable Energy A2
    11.10M7.21%
  • BNP Clean Energy Solutions C D
    9.22M5.99%
  • First Trust RBA Amer Indl RenaisTM ETF
    9.21M5.98%
  • iShares Global Clean Engy Trns ETF $Dist
    5.08M3.30%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.87M3.16%
  • Invesco Solar ETF
    3.91M2.54%