3 Reasons Why Growth Investors Shouldn't Overlook Array Technologies (ARRY)

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]