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Why Array Technologies, Inc. (ARRY) Dipped More Than Broader Market Today
Array TechnologiesArray Technologies(US:ARRY) ZACKSยท2025-09-12 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]