Array Technologies Inc Ordinary Shares ARRY
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ARRY is a good fit for your portfolio.
News
Trading Information
- Previous Close Price
- $11.69
- Day Range
- $11.59–12.38
- 52-Week Range
- $10.82–26.64
- Bid/Ask
- $11.70 / $12.43
- Market Cap
- $1.81 Bil
- Volume/Avg
- 5.7 Mil / 5.9 Mil
Key Statistics
- Price/Earnings (Normalized)
- 10.61
- Price/Sales
- 1.15
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
- Sector
- Technology
- Industry
- Solar
- Stock Style Box
- Small Growth
- Total Number of Employees
- 1,028
- Website
- https://www.arraytechinc.com
Comparables
Valuation
|
Metric
|
ARRY
|
FTCI
|
NXT
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.61 | — | 30.67 |
Price/Book Value | 6.97 | 0.79 | — |
Price/Sales | 1.15 | 0.36 | 1.10 |
Price/Cash Flow | 8.09 | — | 6.87 |
Price/Earnings
ARRY
FTCI
NXT
Financial Strength
|
Metric
|
ARRY
|
FTCI
|
NXT
|
|---|---|---|---|
Quick Ratio | 1.73 | 1.66 | 1.43 |
Current Ratio | 2.48 | 1.98 | 1.87 |
Interest Coverage | 4.82 | −199.11 | — |
Quick Ratio
ARRY
FTCI
NXT
Profitability
|
Metric
|
ARRY
|
FTCI
|
NXT
|
|---|---|---|---|
Return on Assets (Normalized) | 9.69% | −25.50% | 21.56% |
Return on Equity (Normalized) | 74.02% | −48.75% | — |
Return on Invested Capital (Normalized) | 15.41% | −47.06% | 56.89% |
Return on Assets
ARRY
FTCI
NXT
Solar Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
FSLR
| First Solar Inc | Zvgdhgvq | Lqwfc | $18.7 Bil | |
ENPH
| Enphase Energy Inc | Kxbkgsnfdm | Ndzcc | $15.4 Bil | |
NXT
| NEXTracker Inc Ordinary Shares - Class A | Dyyvzfq | Lqtq | $6.1 Bil | |
XISHY
| Xinyi Solar Holdings Ltd ADR | — | Wblfzc | $6.0 Bil | |
XNYIF
| Xinyi Solar Holdings Ltd | — | Wvrhcls | $5.9 Bil | |
GCPEF
| GCL Technology Holdings Ltd | — | Vtmbt | $3.7 Bil | |
SEDG
| SolarEdge Technologies Inc | Xdrrxkd | Bxgl | $3.1 Bil | |
RUN
| Sunrun Inc | Jzhqrqsnt | Vnj | $2.2 Bil | |
SHLS
| Shoals Technologies Group Inc Ordinary Shares - Class A | Ccwbvjmyf | Kkld | $1.4 Bil | |
SPWR
| SunPower Corp | Kmkq | Qsn | $377.3 Mil |