Deep Dive Into Array Technologies Stock: Analyst Perspectives (7 Ratings)

Analysts' ratings for Array Technologies ARRY over the last quarter vary from bullish to bearish, as provided by 7 analysts.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for Array Technologies, presenting an average target of $19.71, a high estimate of $25.00, and a low estimate of $15.00. A 16.73% drop is evident in the current average compared to the previous average price target of $23.67.

Investigating Analyst Ratings: An Elaborate Study

A comprehensive examination of how financial experts perceive Array Technologies is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Array Technologies. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Array Technologies compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Array Technologies's stock. This analysis reveals shifts in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Array Technologies's market position. Stay informed and make well-informed decisions with our Ratings Table.

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About Array Technologies

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.

Financial Insights: Array Technologies

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Negative Revenue Trend: Examining Array Technologies's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -31.96% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Array Technologies's net margin is impressive, surpassing industry averages. With a net margin of 2.89%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Array Technologies's ROE stands out, surpassing industry averages. With an impressive ROE of 3.58%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Array Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 0.56%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Array Technologies's debt-to-equity ratio stands notably higher than the industry average, reaching 2.51. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.