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Array Technologies Inc Ordinary Shares ARRY

Morningstar Rating
$11.12 +0.17 (1.55%)
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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.

Price vs Fair Value

ARRY is trading at a 452% premium.
Price
$11.04
Fair Value
$15.59
Uncertainty
Very High
1-Star Price
$38.18
5-Star Price
$5.55
Economic Moat
Sktp
Capital Allocation
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News

Trading Information

Previous Close Price
$10.95
Day Range
$10.7611.44
52-Week Range
$9.3426.64
Bid/Ask
$10.25 / $11.05
Market Cap
$1.69 Bil
Volume/Avg
215 / 5.5 Mil

Key Statistics

Price/Earnings (Normalized)
9.88
Price/Sales
1.25
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 Core
Total Number of Employees
975

Comparables

Valuation

Metric
ARRY
NXT
FLNC
Price/Earnings (Normalized)
9.8815.30
Price/Book Value
7.306.864.80
Price/Sales
1.252.760.85
Price/Cash Flow
8.9713.21
Price/Earnings
ARRY
NXT
FLNC

Financial Strength

Metric
ARRY
NXT
FLNC
Quick Ratio
1.821.410.73
Current Ratio
2.731.981.36
Interest Coverage
4.3044.99
Quick Ratio
ARRY
NXT
FLNC

Profitability

Metric
ARRY
NXT
FLNC
Return on Assets (Normalized)
8.16%23.21%−3.05%
Return on Equity (Normalized)
56.56%−12.37%
Return on Invested Capital (Normalized)
12.82%55.22%−9.84%
Return on Assets
ARRY
NXT
FLNC
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Solar Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
First Solar Inc
FSLR
CptbvhkbZfrt$23.7 Bil
Enphase Energy Inc
ENPH
XtmhjxqmScrx$15.8 Bil
NEXTracker Inc Ordinary Shares - Class A
NXT
KnhqshznlQtz$6.8 Bil
Xinyi Solar Holdings Ltd
XNYIF
Tkly$4.1 Bil
Xinyi Solar Holdings Ltd ADR
XISHY
Bsnq$4.1 Bil
Sunrun Inc
RUN
TfvzyqtlLtrw$3.8 Bil
GCL Technology Holdings Ltd
GCPEF
Fxvf$3.7 Bil
SolarEdge Technologies Inc
SEDG
FkvxpvfTtjdx$1.4 Bil
Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS
YhlxgmdsXyb$1.1 Bil

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