Core Insights - Array Technologies, Inc. (ARRY) has a strong history of beating earnings estimates, with an average surprise of 90.91% over the last two quarters [1][2] - The company reported earnings of $0.21 per share for the most recent quarter, exceeding the expected $0.11 per share, indicating a significant positive surprise [1] - Recent estimates for Array Technologies have been revised upwards, contributing to a positive Earnings ESP of +16.67%, suggesting bullish sentiment among analysts [2][3] Earnings Performance - Array Technologies has consistently surpassed earnings estimates, achieving a 90.91% surprise in both the most recent and previous quarters [1] - The Zacks Earnings ESP indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2] Analyst Sentiment - The positive Earnings ESP reflects recent bullish revisions by analysts regarding Array Technologies' earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong potential for another earnings beat in the upcoming report [3] Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as it compares the Most Accurate Estimate to the Zacks Consensus Estimate [3] - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces predictive power [3][4]

The future is green. As the government and companies continue to prioritize renewable energy and its uses worldwide, so should investors. In addition to investing with morals, investing in renewable energy exposes investors to one of the most potent and high growing fields. With a CAGR of nearly 10% in the next nine years, investing in renewable energy is investing in one of the highest growing industries. Below are three of the most undervalued renewable energy stocks to buy in April.Array Technologies (AR ...

The solar industry will be a long-term beneficiary of the energy transition that’s happening throughout the world. Governments are flooding the sector with money and will need to continue investing in the sector. That’s one reason why it’s a good time to consider the best solar stocks to buy.  According to data from the Solar Energy Industries Association, the U.S. solar market reported a 51% increase in gigawatts direct current (GWdc) of capacity. The 32.4 GWdc of capacity was the first time the industry e ...

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].

Financial Performance Highlights - Full year 2023 revenue was $1576.6 million, a decrease of $60.9 million compared to $1637.5 million in 2022[8,15] - Full year 2023 gross margin was 26.4%, an increase of 1340 bps from 13.0% in 2022[8,15] - Full year 2023 adjusted gross margin was 27.3%, an increase of 1300 bps from 14.3% in 2022[8,15] - Full year 2023 adjusted EBITDA was $288.1 million, an increase of $159.4 million compared to $128.7 million in 2022[8,15] - Full year 2023 free cash flow increased to $215.0 million, a 64% increase year-over-year[8] - Q4 2023 revenue was $341.6 million, a decrease of $60.5 million compared to $402.1 million in Q4 2022[8,14] - Q4 2023 gross margin was 24.7%, an increase of 560 bps from 19.1% in Q4 2022[8,14] - Q4 2023 adjusted gross margin increased to 25.7% from 20.5%[14] - Q4 2023 adjusted EBITDA was $48.2 million, compared to $51.7 million in the prior year period[14] Guidance - The company expects full year 2024 revenue to be between $1.25 billion and $1.40 billion[16] - The company expects full year 2024 adjusted EBITDA to be between $285 million and $315 million[16] - The company expects full year 2024 adjusted net income per common share to be between $1.00 and $1.15[16]

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 ...