ARRAY Embarks on Its Commitment to Provide 100% Domestic Content DuraTrack ⁽ᴿ⁾ and OmniTrack™ Offerings for Customers ALBUQUERQUE, N.M., Aug. 05, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software and services, today announced it will supply trackers for a 200 megawatt (MWac) solar project that meet 100% of the domestic content Assigned Cost Percentage (ACP) under the U.S. Treasury Department's late ...

Company Overview - Array Digital Infrastructure, Inc., formerly known as United States Cellular Corporation, has declared a special cash dividend of $23.00 per Common Share and Series A Common Share, payable on August 19, 2025, to shareholders of record on August 11, 2025 [1] - The company has recently completed the sale of its wireless operations to T-Mobile and has changed its name to Array Digital Infrastructure, Inc. [4] - Array is a leading owner and operator of shared wireless communications infrastructure in the United States, with over 4,400 cell towers facilitating the deployment of 5G and other wireless technologies [5] Dividend Details - The special dividend represents more than 25% of the current stock price, leading the NYSE to implement "due bills" for shares traded until the payment date [2] - The ex-dividend date is set for August 20, 2025, meaning stockholders who sell their shares on or before the payment date will not receive the special dividend [2] - Due bills are settled between brokers, and Array has no obligations regarding the amount or processing of the due bill [3] Ownership Structure - Array is approximately 81% owned by Telephone and Data Systems, Inc. [6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Array Technologies, Inc. (ARRY) Analysis - Array Technologies, Inc. (ARRY) has shown a four-week price change of 7.3%, indicating growing investor interest [4] - Over the past 12 weeks, ARRY's stock has gained 37.7%, with a beta of 1.74, suggesting it moves 74% more than the market [5] - ARRY has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - ARRY has received a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.99, suggesting it is undervalued at 99 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides ARRY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Points - United States Cellular Corporation (UScellular) announced the appointment of Doug Chambers as interim President and CEO of the post-closing entity, Array Digital Infrastructure, Inc. [1][2][7] - The sale of UScellular's wireless operations to T-Mobile US, Inc. is expected to close on August 1, 2025, subject to closing conditions [1][2] - The company will change its ticker symbol on the NYSE to "AD" from "USM" following the name change [3] - A special cash dividend in the range of $22.50 - $23.75 per Common Share and Series A Common Share is expected to be approved by the board after the sale closes [4] Company Developments - Doug Chambers has been with the TDS family of companies since 2007 and has served as Executive Vice President, CFO, and Treasurer of UScellular for the past six years [2] - The new company, Array Digital Infrastructure, Inc., will focus on overseeing operations related to its portfolio of 4,400 owned towers and retained wireless spectrum [1][2] - The headquarters of Array Digital Infrastructure, Inc. will remain in Chicago, IL [3] Financial Information - UScellular had approximately 4.4 million retail connections across 21 states as of March 31, 2025 [5] - Telephone and Data Systems, Inc. owned about 83 percent of UScellular at the end of the first quarter of 2025 [5]

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Array Technologies, Inc. (ARRY) is currently recommended as a cutting-edge growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for outperformance [10] Group 2: Earnings Growth - Array Technologies has a historical EPS growth rate of 80.4%, with projected EPS growth of 9.3% for the current year, surpassing the industry average of 7% [4] - Double-digit earnings growth is preferred by growth investors as it signals strong future prospects [3] Group 3: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 56%, significantly higher than the industry average of -31.9% [5] - Over the past 3-5 years, Array Technologies has maintained an annualized cash flow growth rate of 43.4%, compared to the industry average of 12.6% [6] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Array Technologies, with the Zacks Consensus Estimate increasing by 3.7% over the past month [8] - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating favorable conditions for the company [7]

Group 1: Company Overview - Array Technologies, Inc. (ARRY) is part of the Oils-Energy group, which consists of 240 companies and currently ranks 16 within the Zacks Sector Rank [2] - The Zacks Rank system identifies stocks with characteristics likely to outperform the market in the next one to three months, with ARRY holding a Zacks Rank of 2 (Buy) [3] Group 2: Performance Metrics - Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has increased by 10.9%, indicating improved analyst sentiment [4] - Year-to-date, ARRY has gained approximately 15.1%, significantly outperforming the average gain of 2.4% in the Oils-Energy group [4] Group 3: Industry Context - Array Technologies, Inc. operates within the Solar industry, which includes 15 stocks and currently ranks 161 in the Zacks Industry Rank, with an average year-to-date gain of 0% [6] - In contrast, Brookfield Renewable Corporation, another outperforming stock in the Oils-Energy sector, belongs to the Alternative Energy - Other industry, which has gained 29.9% this year and ranks 170 [7]

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions [2] - Array Technologies (ARRY) is highlighted as a stock with strong value characteristics, currently holding a Zacks Rank 2 (Buy) and a Value grade of A [4][7] Company Metrics - ARRY has a current P/E ratio of 8.99, significantly lower than the industry average of 16.14 [4] - The stock's Forward P/E has fluctuated between a high of 12.17 and a low of 5.23 over the past 52 weeks, with a median of 7.84 [4] - ARRY's PEG ratio stands at 0.41, compared to the industry's average PEG of 0.72, indicating strong growth potential relative to its valuation [5] - The stock's PEG has ranged from a high of 1.22 to a low of 0.28 in the past year, with a median of 0.67 [5] - ARRY's P/S ratio is 1, which is lower than the industry average P/S of 1.23, suggesting it may be undervalued [6] Investment Outlook - The combination of ARRY's strong earnings outlook and favorable valuation metrics positions it as an attractive value stock in the current market [7]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, aiding investors in selecting stocks with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - Focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Evaluates a company's financial health and future outlook through projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks with upward or downward price trends, utilizing one-week price changes and monthly earnings estimate changes to identify optimal buying times [5] VGM Score - Combines the three Style Scores to highlight stocks with attractive value, strong growth forecasts, and promising momentum, serving as a key indicator alongside the Zacks Rank [6] Zacks Rank Integration - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +23.62% since 1988, significantly outperforming the S&P 500 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [9] Company Spotlight: Array Technologies, Inc. (ARRY) - Array Technologies is a biopharmaceutical company focused on targeted small molecule drugs for cancer treatment, with a marketed therapy for melanoma [11] - ARRY holds a Zacks Rank of 2 (Buy) and a VGM Score of A, with a Momentum Style Score of B, reflecting a 10.8% increase in shares over the past four weeks [12] - Recent upward revisions in earnings estimates and a Zacks Consensus Estimate increase of $0.03 to $0.66 per share highlight ARRY's strong performance potential [12][13]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [3] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [4] - Value Score focuses on identifying undervalued stocks using financial ratios [4] - Growth Score evaluates a company's financial health and future growth potential [5] - Momentum Score identifies optimal times to invest based on price trends and earnings estimates [6] - VGM Score combines all three styles, providing a comprehensive rating for stocks [7] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks achieving an average annual return of +23.62% since 1988 [8] - There are over 800 top-rated stocks available, making it essential to use Style Scores to narrow down choices [9] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for optimal returns [10] Company Spotlight: Array Technologies, Inc. - Array Technologies, Inc. is a biopharmaceutical company focused on targeted small molecule drugs for cancer treatment [12] - The company has a marketed therapy, Braftovi plus Mektovi, approved for specific melanoma cases [12] - Array Technologies holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong investment potential [13] - The company has a forward P/E ratio of 10.83, appealing to value investors [13] - Recent upward revisions in earnings estimates suggest positive momentum, with a consensus estimate of $0.66 per share for fiscal 2025 [13] - With solid rankings and scores, Array Technologies is recommended for investors [14]

Company Performance - Array Technologies, Inc. closed at $6.89, reflecting a -2.13% change from the previous day, underperforming the S&P 500 which gained 0.54% [1] - Over the past month, shares of Array Technologies have decreased by 6.63%, compared to a loss of 1.43% in the Oils-Energy sector and a gain of 4.2% in the S&P 500 [1] Earnings Estimates - The upcoming earnings release is expected to show an EPS of $0.19, indicating a 5% decline year-over-year, with revenue anticipated at $285.71 million, representing an 11.7% increase from the same quarter last year [2] - For the annual period, earnings are projected at $0.64 per share and revenue at $1.1 billion, reflecting increases of +6.67% and +20.39% respectively from the previous year [3] Analyst Sentiment - Recent changes in analyst estimates for Array Technologies are crucial as they often reflect short-term business dynamics, with positive revisions indicating confidence in business performance [3] - The Zacks Consensus EPS estimate has increased by 0.68% over the past month, and Array Technologies currently holds a Zacks Rank of 2 (Buy) [5] Valuation Metrics - Array Technologies is trading at a Forward P/E ratio of 11.09, which is lower than the industry average Forward P/E of 15.91 [6] - The company has a PEG ratio of 0.51, compared to the Solar industry's average PEG ratio of 0.6 [6] Industry Context - The Solar industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]