Analyst Scoreboard: 11 Ratings For Array Technologies

Ratings for Array Technologies ARRY were provided by 11 analysts in the past three months, 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.

Analysts have recently evaluated Array Technologies and provided 12-month price targets. The average target is $16.91, accompanied by a high estimate of $22.00 and a low estimate of $13.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 6.06%.

Diving into Analyst Ratings: An In-Depth Exploration

In examining recent analyst actions, we gain insights into how financial experts perceive Array Technologies. The following summary outlines 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: 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 gauge the dynamics of price targets, providing estimates for the future value of Array Technologies's stock. This comparison reveals trends in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Array Technologies's market position. Stay informed and make well-judged decisions with the assistance of 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.

Array Technologies: A Financial Overview

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Negative Revenue Trend: Examining Array Technologies's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -59.28% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Array Technologies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -7.39%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Array Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.62%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Array Technologies's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.68%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Array Technologies's debt-to-equity ratio stands notably higher than the industry average, reaching 2.94. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

Analyst Ratings: Simplified

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.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

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