Breaking Down Array Technologies: 18 Analysts Share Their Views

In the latest quarter, 18 analysts provided ratings for Array Technologies ARRY, showcasing a mix of bullish and bearish perspectives.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $13.86, a high estimate of $27.00, and a low estimate of $8.00. A decline of 28.81% from the prior average price target is evident in the current average.

Understanding Analyst Ratings: A Comprehensive Breakdown

The perception of Array Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Array Technologies. This information provides a snapshot of how analysts perceive 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: Analysts navigate through adjustments in price targets, providing estimates for Array Technologies's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Array Technologies's market standing. Stay informed and make data-driven decisions with our Ratings Table.

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Get to Know Array Technologies Better

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.

Breaking Down Array Technologies's Financial Performance

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Challenges: Array Technologies's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -49.63%. This indicates a decrease in 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: Array Technologies's net margin is impressive, surpassing industry averages. With a net margin of 4.67%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Array Technologies's ROE excels beyond industry benchmarks, reaching 5.54%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Array Technologies's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.73%, the company showcases efficient use of assets and strong financial health.

Debt Management: Array Technologies's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.4, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

How Are Analyst Ratings Determined?

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.