How to buy Array Technologies stock

Array Technologies, Inc is a solar business based in the US. Array Technologies shares (ARRY) are listed on the NASDAQ and all prices are listed in US Dollars. Array Technologies employs 389 staff and has a trailing 12-month revenue of around 0.00.

Array Technologies share price

Use our graph to track the performance of ARRY stocks over time.

Array Technologies shares at a glance

• Key figures

Information last updated 2021-04-29.

52-week range	$25.71 - $54.78
50-day moving average	$29.79
200-day moving average	$38.51
Wall St. target price	$44.65
PE ratio	60.5761
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.49

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Is it a good time to buy Array Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Array Technologies, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Array Technologies under- or over-valued?

Valuing Array Technologies stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Array Technologies's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Array Technologies's P/E ratio

Array Technologies's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 61x. In other words, Array Technologies shares trade at around 61x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, Array Technologies's P/E ratio is best considered in relation to those of others within the solar industry or those of similar companies.

• First Solar (FSLR.US): 23.40
• Enphase Energy (ENPH.US): 212.13
• SolarEdge Technologies (SEDG.US): 104.79
• SunPower Corporation (SPWR.US): 11.69

Array Technologies's PEG ratio

Array Technologies's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.934. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Array Technologies's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

However, it's sensible to consider Array Technologies's PEG ratio in relation to those of similar companies.

• First Solar (FSLR.US): 6.81
• Enphase Energy (ENPH.US): 0.02
• SolarEdge Technologies (SEDG.US): 2.08
• SunPower Corporation (SPWR.US): 0.02

Array Technologies's EBITDA

Array Technologies's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $149.1 million.

The EBITDA is a measure of a Array Technologies's overall financial performance and is widely used to measure a its profitability.

To put Array Technologies's EBITDA into context you can compare it against that of similar companies.

• First Solar (FSLR.US): USD$588.9 million
• Enphase Energy (ENPH.US): USD$220.7 million
• SolarEdge Technologies (SEDG.US): USD$171 million
• SunPower Corporation (SPWR.US): USD$27.8 million

Array Technologies financials

Revenue TTM	$872.7 million
Operating margin TTM	13.94%
Gross profit TTM	$202.8 million
Return on assets TTM	9.63%
Return on equity TTM	52.68%
Profit margin	6.77%
Book value	$3.14
Market capitalisation	$3.7 billion

TTM: trailing 12 months

Shorting Array Technologies shares

There are currently 7.8 million Array Technologies shares held short by investors – that's known as Array Technologies's "short interest". This figure is 17.5% down from 9.5 million last month.

There are a few different ways that this level of interest in shorting Array Technologies shares can be evaluated.

Array Technologies's "short interest ratio" (SIR)

Array Technologies's "short interest ratio" (SIR) is the quantity of Array Technologies shares currently shorted divided by the average quantity of Array Technologies shares traded daily (recently around 4.0 million). Array Technologies's SIR currently stands at 1.98. In other words for every 100,000 Array Technologies shares traded daily on the market, roughly 1980 shares are currently held short.

To gain some more context, you can compare Array Technologies's short interest ratio against those of similar companies.

• First Solar (FSLR.US): 4.45
• Enphase Energy (ENPH.US): 1.53
• SolarEdge Technologies (SEDG.US): 2.36
• SunPower Corporation (SPWR.US): 3.77

However Array Technologies's short interest can also be evaluated against the total number of Array Technologies shares, or, against the total number of tradable Array Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Array Technologies's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 Array Technologies shares in existence, roughly 60 shares are currently held short) or 0.4907% of the tradable shares (for every 100,000 tradable Array Technologies shares, roughly 491 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Array Technologies.

Find out more about how you can short Array Technologies stock.

Array Technologies share dividends

We're not expecting Array Technologies to pay a dividend over the next 12 months.

Array Technologies overview

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers 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 the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is based in Albuquerque, New Mexico. .

Frequently asked questions

• What percentage of Array Technologies is owned by insiders or institutions?

  Currently 11.835% of Array Technologies shares are held by insiders and 79.134% by institutions.

• How many people work for Array Technologies?

  Latest data suggests 389 work at Array Technologies.

• When does the fiscal year end for Array Technologies?

  Array Technologies's fiscal year ends in December.

• Where is Array Technologies based?

  Array Technologies's address is: 3901 Midway Place NE, Albuquerque, NM, United States, 87109

• What is Array Technologies's ISIN number?

  Array Technologies's international securities identification number is: US04271T1007