Overview
Array Technologies, Inc., based in the United States, operates primarily within the renewable energy sector, specializing in solar tracking technology. The company designs and manufactures tracking systems that enhance the efficiency of solar energy projects by optimizing the orientation of solar panels relative to the sun's position. Key to Array Technologies' offerings is their innovative use of technology to increase the energy production of solar installations while reducing costs related to maintenance and operations. Among their notable projects, Array Technologies has been pivotal in supplying large-scale solar farms across various markets globally, significantly contributing to the transition toward sustainable energy sources. Their adept approach in combining mechanical engineering with software analytics positions them as a leader in solar tracking solutions.
Basic Stats
The share price of Array Technologies, Inc. as of September 5, 2025 is $8.98 / share. This is a decrease of -0.39% from the prior week. The market cap (or net worth) of Array Technologies, Inc. as of September 5, 2025 is $1,370.13 MM.
The Factor Analysis chart (below right) shows a view of Array Technologies, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 1,370.13 MM |
| EV | 2,122.87 MM |
| Shares Out. | 152.66 MM |
| Earnings Date | |
| EPS (TTM) | -1.36 |
| Dividend Yield | |
| Ex-Dividend Date | |
| Borrow Rate | 0.37 |
| Short Shares Avail. | 1.50 MM |
| Short Interest | 38.28 MM |
| Short Float | 27.79 % |
| Days to Cover | 6.75 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 37.02 % |
| Volatility (1 yr) | 0.91 |
| Beta | 1.13 |
| Sharpe Ratio (1 yr) | 0.36 |
| Sortino Ratio (1 yr) | 0.68 |
| PE Ratio | -6.58 |
| Price/Book | 3.75 |
| Price/TBV | -3.28 |
| Book/Market | 0.27 |
| EBIT/EV | -0.10 |
| EBIT(3yr avg)/EV | 0.01 |
| ROA | -0.13 |
| ROE | -0.36 |
| ROIC | -0.19 |
| CROIC | 0.09 |
| OCROIC | 0.12 |
| Implied Volatility | 77.94 % |
| Put/Call OI Ratio | 0.43 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Array Technologies, Inc. is $9.16. The forecasts range from a low of $6.06 to a high of $13.65. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Array Technologies, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-12-23 | Cantor Fitzgerald | Overweight | Initiate | |
| 2022-12-06 | Wells Fargo | Overweight | Initiate | |
| 2022-11-02 | Morgan Stanley | Underweight | Maintains | |
| 2022-10-20 | JP Morgan | Overweight | Maintains | |
| 2022-10-18 | Truist Securities | Hold | Maintains | |
| 2022-09-19 | Piper Sandler | Neutral | Overweight | Upgrade |
| 2022-09-08 | Goldman Sachs | Buy | Maintains | |
| 2022-09-06 | Guggenheim | Buy | Maintains | |
| 2022-08-18 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| 2022-08-11 | Credit Suisse | Outperform | Maintains | |
| 2022-08-10 | Truist Securities | Hold | Maintains | |
| 2022-08-10 | Goldman Sachs | Buy | Maintains | |
| 2022-08-10 | Barclays | Overweight | Maintains | |
| 2022-08-08 | JP Morgan | Overweight | Maintains | |
| 2022-08-05 | Barclays | Overweight | Initiate | |
| 2022-07-25 | Credit Suisse | Outperform | Maintains | |
| 2022-07-20 | JP Morgan | Overweight | Maintains | |
| 2022-07-19 | Piper Sandler | Neutral | Maintains | |
| 2022-07-14 | Truist Securities | Hold | Maintains | |
| 2022-06-29 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-06-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-05-23 | Northland Capital Markets | Outperform | Initiate | |
| 2022-05-16 | Credit Suisse | Outperform | Maintains | |
| 2022-05-11 | Roth Capital | Buy | Neutral | Downgrade |
| 2022-05-11 | Goldman Sachs | Buy | Maintains | |
| 2022-05-10 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-04-19 | JP Morgan | Overweight | Maintains | |
| 2022-04-07 | Guggenheim | Neutral | Buy | Upgrade |
| 2022-04-06 | Guggenheim | Neutral | Buy | Upgrade |
| 2022-01-24 | Truist Securities | Hold | Maintains | |
| 2022-01-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-01-10 | Goldman Sachs | Buy | Maintains | |
| 2021-12-02 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-10-20 | Guggenheim | Buy | Neutral | Downgrade |
| 2021-10-20 | Barclays | Equal-Weight | Underweight | Downgrade |
| 2021-10-15 | Truist Securities | Hold | Initiate | |
| 2021-09-08 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-08-10 | Roth Capital | Neutral | Buy | Upgrade |
| 2021-07-20 | Barclays | Underweight | Equal-Weight | Upgrade |
| 2021-05-24 | Barclays | Underweight | Maintains | |
| 2021-05-14 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-05-13 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2021-05-12 | Roth Capital | Buy | Neutral | Downgrade |
| 2021-05-12 | Piper Sandler | Overweight | Neutral | Downgrade |
| 2021-05-12 | Barclays | Overweight | Underweight | Downgrade |
| 2021-04-22 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2021-04-16 | UBS | Neutral | Buy | Upgrade |
| 2021-03-29 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| 2021-03-10 | Morgan Stanley | Underweight | Maintains | |
| 2021-01-20 | Credit Suisse | Neutral | Maintains | |
| 2021-01-08 | Piper Sandler | Overweight | Initiate | |
| 2020-12-09 | JP Morgan | Neutral | Overweight | Upgrade |
| 2020-11-09 | Morgan Stanley | Underweight | Initiate | |
| 2020-11-09 | JP Morgan | Neutral | Initiate | |
| 2020-11-09 | Credit Suisse | Neutral | Initiate | |
| 2020-11-09 | Cowen & Co. | Market Perform | Initiate | |
| 2020-11-09 | Barclays | Equal-Weight | Initiate | |
| 2023-02-28 | Truist Securities | Hold | Maintains | |
| 2023-03-02 | Scotiabank | Sector Outperform | Initiate | |
| 2023-03-07 | Piper Sandler | Overweight | Maintains | |
| 2023-03-10 | Citigroup | Neutral | Initiate | |
| 2023-03-22 | Guggenheim | Buy | Maintains | |
| 2023-03-28 | Truist Securities | Hold | Buy | Upgrade |
| 2023-04-03 | Morgan Stanley | Underweight | Maintains | |
| 2023-04-11 | Wolfe Research | Outperform | Initiate | |
| 2023-05-22 | Piper Sandler | Overweight | Overweight | Maintains |
| 2023-05-10 | Truist Securities | Buy | Buy | Maintains |
| 2023-05-10 | Piper Sandler | Overweight | Overweight | Maintains |
| 2023-05-10 | Cantor Fitzgerald | Overweight | Maintains | |
| 2023-05-10 | Barclays | Overweight | Maintains | |
| 2023-05-18 | Seaport Global | Buy | Initiate | |
| 2023-06-28 | Janney Montgomery Scott | Buy | Initiate | |
| 2023-12-08 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2023-07-25 | Truist Securities | Buy | Buy | Maintains |
| 2023-09-12 | Truist Securities | Buy | Buy | Maintains |
| 2023-07-17 | Morgan Stanley | Underweight | Underweight | Maintains |
| 2023-11-09 | Truist Securities | Buy | Buy | Maintains |
| 2023-09-06 | Morgan Stanley | Underweight | Underweight | Maintains |
| 2023-08-10 | Goldman Sachs | Buy | Buy | Maintains |
| 2023-08-09 | JP Morgan | Overweight | Overweight | Maintains |
| 2023-10-20 | Exane BNP Paribas | Neutral | Initiate | |
| 2023-10-19 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-01-03 | Mizuho | Neutral | Neutral | Maintains |
| 2023-11-08 | Guggenheim | Buy | Buy | Maintains |
| 2023-11-08 | JP Morgan | Overweight | Overweight | Maintains |
| 2023-11-08 | Goldman Sachs | Buy | Buy | Maintains |
| 2023-11-07 | Goldman Sachs | Buy | Buy | Maintains |
| 2023-09-28 | Barclays | Overweight | Overweight | Maintains |
| 2023-10-17 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| 2023-11-09 | Goldman Sachs | Buy | Buy | Maintains |
| 2023-08-11 | Wells Fargo | Overweight | Overweight | Maintains |
| 2024-01-23 | Truist Securities | Buy | Buy | Maintains |
| 2024-03-22 | BMO Capital | Market Perform | Initiate | |
| 2023-11-21 | Mizuho | Neutral | Initiate | |
| 2023-12-15 | Jefferies | Hold | Initiate | |
| 2023-12-19 | Piper Sandler | Overweight | Neutral | Downgrade |
| 2024-02-29 | Goldman Sachs | Buy | Buy | Maintains |
| 2024-02-29 | Truist Securities | Buy | Buy | Maintains |
| 2024-05-10 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-05-10 | Oppenheimer | Perform | Outperform | Upgrade |
| 2024-01-22 | Barclays | Overweight | Equal-Weight | Downgrade |
| 2024-05-09 | Roth MKM | Buy | Buy | Maintains |
| 2024-04-11 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-04-02 | Barclays | Equal-Weight | Overweight | Upgrade |
| 2024-05-17 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2024-04-19 | Mizuho | Neutral | Neutral | Maintains |
| 2024-04-29 | Scotiabank | Sector Outperform | Sector Outperform | Maintains |
| 2024-03-05 | Keybanc | Sector Weight | Initiate | |
| 2024-01-08 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
| 2024-02-28 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-02-28 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-02-28 | Cantor Fitzgerald | Overweight | Overweight | Maintains |
| 2024-02-28 | Mizuho | Neutral | Neutral | Reiterate |
| 2024-02-28 | Exane BNP Paribas | Neutral | Underperform | Downgrade |
| 2024-05-23 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2024-04-05 | Guggenheim | Buy | Buy | Maintains |
| 2024-07-08 | Scotiabank | Sector Outperform | Sector Outperform | Maintains |
| 2024-07-12 | Citigroup | Neutral | Buy | Upgrade |
| 2024-06-28 | Susquehanna | Positive | Initiate | |
| 2024-07-16 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-08-09 | Roth MKM | Buy | Neutral | Downgrade |
| 2024-08-09 | Piper Sandler | Neutral | Neutral | Reiterate |
| 2024-08-09 | BMO Capital | Market Perform | Market Perform | Maintains |
| 2024-11-12 | Susquehanna | Positive | Positive | Maintains |
| 2024-11-08 | Oppenheimer | Outperform | Outperform | Maintains |
| 2024-11-08 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-11-08 | Roth MKM | Neutral | Neutral | Maintains |
| 2024-11-08 | UBS | Buy | Buy | Maintains |
| 2025-02-06 | Exane BNP Paribas | Underperform | Neutral | Upgrade |
| 2024-08-09 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-08-09 | UBS | Buy | Buy | Maintains |
| 2024-08-09 | Oppenheimer | Outperform | Outperform | Maintains |
| 2024-08-09 | Goldman Sachs | Buy | Buy | Maintains |
| 2024-08-09 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2024-08-09 | TD Cowen | Hold | Hold | Maintains |
| 2024-10-16 | Susquehanna | Positive | Positive | Maintains |
| 2024-10-16 | Truist Securities | Buy | Buy | Maintains |
| 2024-10-03 | Barclays | Overweight | Overweight | Maintains |
| 2025-05-16 | Guggenheim | Buy | Buy | Maintains |
| 2024-08-16 | Scotiabank | Sector Outperform | Sector Outperform | Maintains |
| 2024-08-16 | Guggenheim | Buy | Buy | Maintains |
| 2024-11-07 | Guggenheim | Buy | Neutral | Downgrade |
| 2024-10-22 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-09-04 | Jefferies | Hold | Buy | Upgrade |
| 2024-10-17 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-10-04 | Guggenheim | Buy | Buy | Maintains |
| 2025-01-10 | Susquehanna | Positive | Neutral | Downgrade |
| 2025-02-28 | Seaport Global | Buy | Neutral | Downgrade |
| 2025-02-28 | Mizuho | Neutral | Neutral | Maintains |
| 2025-02-28 | Oppenheimer | Outperform | Outperform | Maintains |
| 2024-08-12 | Truist Securities | Buy | Buy | Maintains |
| 2024-08-12 | Barclays | Overweight | Overweight | Maintains |
| 2024-10-14 | BMO Capital | Market Perform | Market Perform | Maintains |
| 2025-03-06 | Barclays | Overweight | Overweight | Maintains |
| 2025-03-17 | RBC Capital | Sector Perform | Initiate | |
| 2025-03-03 | Truist Securities | Buy | Buy | Reiterate |
| 2025-03-03 | Susquehanna | Neutral | Neutral | Maintains |
| 2025-06-27 | Mizuho | Neutral | Neutral | Reiterate |
| 2024-12-17 | Goldman Sachs | Buy | Buy | Maintains |
| 2025-01-08 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-04 | UBS | Buy | Buy | Maintains |
| 2025-06-20 | Mizuho | Neutral | Neutral | Maintains |
| 2025-06-20 | JP Morgan | Overweight | Overweight | Maintains |
| 2025-06-20 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2025-04-17 | Truist Securities | Buy | Buy | Reiterate |
| 2025-05-19 | Goldman Sachs | Buy | Buy | Maintains |
| 2025-05-02 | Roth MKM | Neutral | Neutral | Maintains |
| 2025-05-08 | UBS | Buy | Buy | Maintains |
| 2025-05-20 | Jefferies | Buy | Buy | Maintains |
| 2025-07-21 | Susquehanna | Neutral | Neutral | Maintains |
| 2025-08-11 | UBS | Buy | Buy | Maintains |
