With the price of oil creeping over $80 a barrel, investors thinking about investing in energy stocks are looking at the oil and gas sectors. This comes after a year in which all energy stocks were weighed down by high interest rates and concerns about a recession that never materialized. But you don’t have to be a contrarian to consider some of Wall Street’s favorite renewable energy stocks.In 2023, renewable energy stocks had a rough year. The momentum in the solar sector has stalled. The infrastructure f ...

The renewable energy sector is one of the most promising industries with a market size valued at $1.09 trillion in 2023 and expected to reach $2.45 trillion by 2032. As the global consciousness for climate change has increased over the last decade, the industry has been continuously growing with major subsidies from the government. The growth has led to the creation undervalued clean energy stocks.In the U.S., the federal incentives to support renewable energy were almost 5 times higher than those for fossi ...

[ 研Ta 究bl 报e_ 告Titl Re] e search Report 28 Feb 2024 阵列技术 Array Technologies (ARRY US) 盈利超预期，但 2024 财年指引远低于共识，项目延迟 Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [热Ta点bl速e_评yemFleais1h] Analysis [本Ta报ble告_su为mm 2a月ry] 28 日发布的英文报告的翻译版。 事件 我们预计 Array 的 4Q23 业绩将被市场负面看待，尽管该公司报告的 GAAP 净收入高于市场预期，这是由好于预期 的收入推动的。该公司的 24 财年指引远低于市场预期，但重申了扣除 IRA 收益后的中高利润率(包括 IRA 在内的 30%)。该公司还表示，由于项目持续推迟，收入将加权至 2024 年至 2025 年。尽管该公司给出了 2024 财年的指 引，但它让我们相信，它已经建立了良好的利润率和高质量的库存，因此，我们将把任何股价下跌都视为买入机 会。 点评 2024 财年指引远低于 ...

Investment Rating - The report maintains an "OUTPERFORM" rating for Array Technologies (ARRY US) with a target price of $22.00 per share, indicating a potential upside of nearly 60% from the current price of $14.14 [3][4]. Core Insights - Array Technologies is positioned as a differentiated player in the solar energy value chain, with strong demand prospects despite recent project delays. The company has reset its growth expectations and is projected to achieve a 24% earnings growth from FY24 to FY26 [4][5]. - The FY24 revenue guidance is set between $1.25 billion and $1.4 billion, which is significantly below the consensus estimate of $1.89 billion. The adjusted EBITDA guidance is also lower than expected, reflecting ongoing project delays and supply chain challenges [4][7]. - The company anticipates a gross margin of around 30%, acknowledging a decrease in average selling prices (ASP) due to lower commodity input costs. The revenue split is expected to be 75% from the U.S. and 25% internationally, with a stronger performance anticipated in the second half of 2024 [4][5]. Financial Summary - Revenue projections for FY24 are adjusted down to $1.34 billion, with net income estimates reflecting a decrease of 15% to $122 million. For FY25 and FY26, revenues are expected to rise to $1.74 billion and $2.18 billion, respectively, with net income projected to increase significantly [7][11]. - The report highlights a decrease in earnings per share (EPS) estimates for FY24 to $1.12, with a gradual increase to $2.08 by FY26. The price-to-earnings (P/E) ratio is noted at 12.6x for FY24, indicating that the stock is undervalued compared to global peers [4][8][11].

February 27, 2024 Array Technologies 4Q 2023 Earnings Call Disclaimer Forward-LookingStatementsandOtherInformation Thisprese ...

Array Technologies, Inc. (NASDAQ:ARRY) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Corporate Participants Cody Mueller - Investor Relations Kevin Hostetler - Chief Executive Officer Kurt Wood - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Juan Gutierrez - Barclays Brian Lee - Goldman Sachs David Benjamin - Mizuho Donovan Schafer - Northland Capital Markets Joseph Osha - Guggenheim Partners Colin Rusch - Oppenheimer Kashy Harrison - Piper Sandler Andrew Perco ...

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 90.91%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.21, delivering a surprise of 90.91%.Over the last four quarters, the ...

Fourth Quarter 2023 Financial Highlights Revenue of $341.6 millionNet income to common stockholders of $6.0 millionAdjusted EBITDA(1) of $48.2 millionBasic and diluted net income per share of $0.04Adjusted diluted net income per share(1) of $0.21$49.9 million of 45X benefit earned for 2023 torque tube deliveries; $9.3 million recognized during 2023 in the statement of operations Full Year 2023 Financial Highlights Revenue(2) of $1,576.6 millionNet income to common stockholders of $85.5 millionAdjusted EBIT ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39613 ARRAY TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | |---------------- ...

February 27, 2024 Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million Fourth Quarter 2023 Financial Highlights • Revenue of $341.6 million • Net income to common stockholders of $6.0 million • Adjusted EBITDA of $48.2 million • Basic and diluted net income per share of $0.04 • Adjusted diluted net income per share of $0.21 • $49.9 million of 45X benefit earned for 2023 torque ...