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Why Array Technologies, Inc. (ARRY) Dipped More Than Broader Market Today
ZACKS· 2025-09-12 23:16
Company Performance - Array Technologies, Inc. (ARRY) closed at $7.67, reflecting a -2.29% change from the previous day, underperforming the S&P 500 which lost 0.05% [1] - Prior to the recent trading session, ARRY shares had increased by 29.11%, significantly outperforming the Oils-Energy sector's gain of 3.82% and the S&P 500's gain of 3.44% [1] Upcoming Earnings - The upcoming EPS for Array Technologies is projected at $0.22, indicating a 29.41% increase compared to the same quarter last year [2] - Revenue is expected to reach $315.49 million, representing a 36.33% growth year-over-year [2] Full Year Projections - For the full year, earnings are projected at $0.67 per share, reflecting an 11.67% increase from the previous year [3] - Revenue is estimated at $1.2 billion, which would signify a 31.17% growth compared to the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Array Technologies suggest a positive outlook on the company's business operations and profit generation capabilities [4] - Upward revisions in estimates typically indicate analysts' confidence in the company's near-term performance [4] Valuation Metrics - Array Technologies is currently trading at a Forward P/E ratio of 11.74, which is below the industry average Forward P/E of 16.6 [7] - The company's PEG ratio stands at 0.54, compared to the Solar industry's average PEG ratio of 0.65 [7] Industry Context - The Solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 49, placing it in the top 20% of over 250 industries [8] - Research indicates that industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [8]
This Solar Stock Gets Downgraded. Tariffs Are a Problem, Say Analysts.
Barrons· 2025-09-12 15:47
Core Viewpoint - Array Technologies' gross margin target is increasingly viewed as unrealistic by BofA Securities, indicating potential challenges in achieving financial goals [1] Company Summary - Array Technologies is facing scrutiny regarding its gross margin targets, which are now considered difficult to meet according to BofA Securities [1] - The company may need to reassess its financial strategies to align with market expectations and operational realities [1] Industry Summary - The solar industry, in which Array Technologies operates, is experiencing pressures that could impact profit margins, necessitating a closer examination of cost structures and pricing strategies [1] - Analysts are highlighting the need for companies in the sector to adapt to changing market conditions to maintain competitiveness and profitability [1]
This Applied Materials Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday - Applied Mat (NASDAQ:AMAT), Array Technologies (NASDAQ:ARRY)
Benzinga· 2025-09-12 12:44
Analyst Downgrades - Goldman Sachs analyst downgraded Novartis AG from Neutral to Sell, lowering the price target from $119 to $118, with shares closing at $127.70 [3] - Mizuho analyst downgraded Applied Materials, Inc. from Outperform to Neutral, reducing the price target from $200 to $175, with shares closing at $170.15 [3] - Barclays analyst downgraded Constellation Brands, Inc. from Overweight to Equal-Weight, slashing the price target from $202 to $150, with shares closing at $142.98 [3] - Telsey Advisory Group analyst downgraded RH from Outperform to Market Perform, cutting the price target from $255 to $220, with shares closing at $228.12 [3] - B of A Securities analyst downgraded Array Technologies, Inc. from Neutral to Underperform, lowering the price target from $8 to $7, with shares closing at $7.85 [3]
Futures Dip As Record-Breaking Rally Runs Out Of Steam
ZeroHedge· 2025-09-12 12:37
US equity futures are fractionally lower with small caps lagging as the record-breaking rally in stocks appeared to be running out of steam. At 8:15am ET, S&P 500 futures slid 0.1% after all major US indexes hit all-time highs on Thursday, however Nasdaq 100 futures are still in the green amid an relentless tech bid: Microsoft rose in premarket trading, leading the Mag 7 after it avoided a hefty antitrust penalty from the European Union. Europe’s Stoxx 600 eased as well. Incremental headlines after yesterda ...
Array Digital (AD) Loses 29.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-09-08 21:56
A downtrend has been apparent in Array Digital Infrastructure (AD) lately with too much selling pressure. The stock has declined 29.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stoc ...
ARRAY Technologies Confirms Compatibility with 2000-Volt Solar Projects
Globenewswire· 2025-09-03 13:00
Core Insights - ARRAY Technologies has achieved verification from Intertek for its DuraTrack® and OmniTrack™ systems, confirming compatibility with 2000-volt (2kV) module-wired systems, which enhances efficiency and cost savings in the solar industry [1][2] - The verification aligns with the industry's shift towards higher-voltage architectures, which are essential for improving electrical efficiency and reducing system costs [2][3] Company Overview - ARRAY Technologies is a leading global provider of solar tracking technology, offering solutions designed to maximize energy production and deliver value throughout the lifecycle of solar projects [5] - The company emphasizes its commitment to innovation and readiness to support the transition to next-generation solar technologies [2][4] Industry Impact - Increasing system voltage from 1,500V to 2,000V can lead to reduced electrical losses, lower material costs, and improved overall system performance, which is critical for solar project developers and EPCs [3] - ARRAY's long-row system architecture enhances efficiency, aiding in the optimization of system design and reduction of the Levelized Cost of Energy (LCoE) [3]
Why Solar Could Be the Next Big AI Winner
ZACKS· 2025-09-02 19:40
Group 1: Industry Overview - Artificial intelligence is creating significant energy demands, with US data centers projected to consume up to 25% of the nation's electricity capacity by 2030, up from 4% today [1][6] - The potential power demand from US data centers could reach 130 GW by 2030, necessitating substantial investments in energy infrastructure [6] Group 2: Solar Power as a Solution - Solar power is emerging as a key solution to meet the energy needs of hyperscale data centers, with costs for photovoltaic panels having fallen nearly 90% over the last decade [2][5] - Solar is now cheaper than coal or natural gas in many regions, and when combined with modern storage, it can provide reliable 24/7 power [5] Group 3: Investment Opportunities in Solar Stocks - The Invesco Solar ETF (TAN) has seen a 70% decline from its 2021 highs, but momentum is picking up, indicating potential buying opportunities in the sector [3] - Companies like Shoals Technology Group (SHLS), Array Technologies (ARRY), and Nextracker Inc. (NXT) are well-positioned to benefit from the shift towards solar energy [3][21] Group 4: Company-Specific Insights - Nextracker Inc. has seen its stock rise over 80% this year, trading at 16.6x forward earnings, and is forming a bullish technical pattern [9][10] - Array Technologies is projected to have earnings growth of 21.6% annually over the next three to five years, with a forward earnings multiple of 14.2x and a PEG ratio of 0.66 [12][13] - Shoals Technologies Group is noted for its high margins and recurring demand, with a Zacks Rank 2 (Buy) rating and a PEG ratio of 0.75, indicating strong fundamentals [15][16]
Array Digital Infrastructure And Telephone and Data Systems: Closure Of T-Mobile Deal Creates Opportunities With Bonds
Seeking Alpha· 2025-08-27 03:06
Core Insights - The significant decline in Array Digital Infrastructure's fixed-income securities following the sale of UScellular to T-Mobile is perceived as excessive, creating a new investment opportunity for holders of Telephone and Data Systems' preferred shares [1] Group 1: Market Dynamics - The equity market is characterized by daily price fluctuations that can lead to substantial wealth creation or destruction over the long term [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1] Group 2: Company Specifics - The sale of UScellular to T-Mobile is a pivotal event impacting Array Digital Infrastructure's securities [1] - Telephone and Data Systems' preferred shares are highlighted as a potential investment opportunity in the current market context [1]
Can Solar Power the AI Boom? Top Stocks to Watch
ZACKS· 2025-08-26 19:56
Core Viewpoint - The digital economy is facing an energy bottleneck due to the high power demands of artificial intelligence and hyperscale data centers, which may soon exceed the capacity of the existing US grid [1][2]. Energy Demand and Supply - The largest hyperscale data centers are nearing 1 gigawatt (GW) of demand, which is about 10% of New York City's peak summer electricity usage. Projections indicate that US data centers could consume 25% of the nation's electricity capacity by 2030, requiring significant grid expansion [2]. - Current data center power usage is approximately 55 GW, representing about 4% of total electricity output, and is expected to rise to 85 GW by 2027 and 300 GW by 2030 [2]. Solar Power Potential - Solar power is emerging as a viable solution to the energy challenges posed by AI and data centers, with several catalysts aligning to enhance its competitiveness [3][4]. - The solar industry has matured, with photovoltaic (PV) costs decreasing by roughly 90% over the past decade, making solar energy cheaper than coal or natural gas in many regions [6][9]. - Battery technology is also advancing, with lithium-ion battery pack costs dropping 20% in the past year to $115 per kWh, making solar-plus-storage increasingly viable [8]. Investment Opportunities - Despite the favorable economics, solar stocks remain undervalued after years of underperformance, presenting attractive investment opportunities as the sector approaches a significant growth phase [9][24]. - Key solar stocks identified include SolarEdge Technologies (SEDG), Nextracker Inc. (NXT), Sunrun (RUN), Array Technologies (ARRY), and Shoals Technologies Group (SHLS), all of which are well-positioned for growth [4][14]. Growth Projections - To meet the projected demand of 130 GW for US data centers by 2030, the solar industry would need to expand its capacity significantly, requiring an investment of hundreds of billions, potentially exceeding $1 trillion when including storage [12][13]. - The current US solar fleet stands at about 235 GWdc, indicating a need to triple or quadruple capacity in a short timeframe [12]. Company-Specific Insights - SolarEdge Technologies (SEDG) is positioned for recovery with rising earnings estimates and strong demand for utility-scale inverters [15][16]. - Nextracker Inc. has seen significant stock appreciation and benefits from the shift to utility-scale solar projects [18]. - Sunrun is expected to recover as financing conditions improve and consumer adoption of solar-plus-storage increases [19]. - Array Technologies is projected to grow earnings by 21.6% annually over the next three to five years, offering a compelling risk-reward opportunity [20]. - Shoals Technologies Group specializes in essential components for solar farms and has a strong demand base, making it a stable investment choice [21][22]. Regulatory Challenges - The primary challenges for solar and storage projects are regulatory and permitting delays, which can hinder the adoption of renewable energy solutions compared to fossil fuel infrastructure [23]. Conclusion - The solar sector is poised for significant growth driven by the demand from AI data centers, with strong economic fundamentals and currently depressed valuations making it an attractive investment opportunity [24].
Down 23.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Array Digital (AD)
ZACKS· 2025-08-21 14:36
Group 1 - The stock of Array Digital Infrastructure (AD) has experienced a significant decline of 23.9% over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential for a turnaround [1] - The Relative Strength Index (RSI) for AD is currently at 19.66, suggesting that the heavy selling may be exhausting itself, which could lead to a price rebound as the stock seeks to return to its previous equilibrium of supply and demand [5] - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for AD, with a notable 72.1% rise in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation in the near term [7] Group 2 - AD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on trends in earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8]