Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its 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.
Financial Headwinds | Array Technologies faces a 40% revenue decline and reduced FY24 expectations, yet maintains a strong 17% free cash flow yield, signaling potential for recovery. |
Market Share Concerns | Explore Array's competitive challenges, including potential market share loss to rivals like NXT, and its efforts to maintain its position in the clean energy sector. |
Operational Hurdles | Delve into Array's project delays, particularly in Brazil, and backlog fulfillment issues, highlighting the company's exposure to international market complexities. |
Future Growth Prospects | Analysts project a return to growth in 2025, with price targets ranging from $4.50 to $22.00, reflecting varied perspectives on Array's potential in the evolving market. |
Metrics to compare | ARRY | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipARRYPeersSector | |
---|---|---|---|---|
P/E Ratio | −3.7x | −0.6x | 12.5x | |
PEG Ratio | 0.01 | −0.03 | 0.03 | |
Price/Book | −10.8x | 1.6x | 1.4x | |
Price / LTM Sales | 1.0x | 1.1x | 1.2x | |
Upside (Analyst Target) | 32.4% | 33.9% | 14.0% | |
Fair Value Upside | Unlock | 37.6% | 5.5% | Unlock |