Expert Ratings For Array Technologies

Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Array Technologies ARRY in the last three months.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $20.18, a high estimate of $29.00, and a low estimate of $12.00. This current average has decreased by 18.63% from the previous average price target of $24.80.

Investigating Analyst Ratings: An Elaborate Study

The analysis of recent analyst actions sheds light on the perception of Array Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Array Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Array Technologies compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Array Technologies's stock. This comparison reveals trends 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.

Stay up to date on Array Technologies analyst ratings.

Unveiling the Story Behind 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.

Understanding the Numbers: Array Technologies's Finances

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.

Decline in Revenue: Over the 3 months period, Array Technologies faced challenges, resulting in a decline of approximately -15.04% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.86%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Array Technologies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.63%, the company showcases efficient use of equity capital and strong financial health.

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 surpasses industry norms, standing at 2.82. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Significance of Analyst Ratings Explained

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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