ARRY Share Price | Array Technologies, Inc. Stock Analysis & Recommendation

Q: Is Array Technologies, Inc. technically bullish or bearish?

As of 3 October 2025, the technical trend for Array Technologies, Inc. has changed from mildly bullish to bullish. The weekly MACD is bullish, supported by bullish daily moving averages and a mildly bullish Bollinger Bands indicator on the monthly timeframe. However, the monthly Dow Theory indicates a mildly bearish stance. The stock has shown strong performance with a year-to-date return of 47.85%, significantly outperforming the S&P 500's return of 14.18% over the same period. Overall, the current technical stance is bullish, with moderate strength driven by the MACD and moving averages.

Q: Is Array Technologies, Inc. overvalued or undervalued?

As of 7 November 2024, the valuation grade for Array Technologies, Inc. has moved from expensive to risky, indicating a shift in perception regarding its market value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 11, an EV to EBITDA of 8.91, and a Price to Book Value of 3.54. In comparison, peers such as Fabrinet have a significantly higher P/E ratio of 41.84, while MACOM Technology Solutions Holdings, Inc. shows a risky valuation with a P/E of 73.15.Despite a strong year-to-date return of 33.28% compared to the S&P 500's 12.22%, the longer-term performance reveals a concerning trend, with a three-year return of -54.83% against the S&P's 70.41%. This suggests that while Array Technologies has had a brief resurgence, its overall valuation remains precarious in the context of its peers and historical performance.

Q: What does Array Technologies, Inc. do?

Overview:Array Technologies, Inc. is a manufacturer of ground-mounting systems used in solar energy projects, operating within the Other Electrical Equipment industry and classified as a small-cap company.Financial Snapshot:Most recent Net Sales: 302 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 17 Million (Quarterly Results - Mar 2025) Market-cap: USD 1,133.42 Million (Small Cap)Key Metrics:P/E: 11.00 Dividend Yield: 0.00% Debt Equity: 1.02 Return on Equity: 31.74% Price to Book: 3.50Contact Details:Address: 3901 Midway Place Ne, ALBUQUERQUE NM: 87109 Tel: 1 505 8817567 Fax: 1 505 8817572 Website: https://arraytechinc.com/

Q: Should I buy, sell or hold Array Technologies, Inc.?

Based on the current analysis of Array Technologies, Inc., it would be advisable to consider selling your shares. The company is showing weak long-term fundamental strength, with a 34.49% CAGR growth in operating profits over the last five years, which may seem positive at first glance. However, the high Debt to EBITDA ratio of 3.33 indicates a low ability to service its debt, which is a significant concern.Additionally, the latest results show flat performance, with operating cash flow at its lowest point of USD 93.43 million and a negative return on capital employed (ROCE) of -49.11%. The increase in raw material costs by 21.4% year-over-year further complicates the financial outlook.The stock is also trading at risky levels compared to its historical valuations, and despite generating a return of 0% over the past year, profits have declined by 6.4%. Given these factors, selling may be the most prudent option at this time.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.74 M

Shareholding (Jun 2026)

FII

59.58%

Held by 187 FIIs

DII

48.93%

Held by 79 DIIs

Promoter

1.17%

Is Array Technologies, Inc. technically bullish or bearish?

07-Oct-2025

As of October 3, 2025, Array Technologies, Inc. has a bullish technical trend, supported by a bullish MACD and moving averages, despite a mildly bearish monthly Dow Theory, and has outperformed the S&P 500 with a year-to-date return of 47.85%.

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Is Array Technologies, Inc. overvalued or undervalued?

20-Sep-2025

As of November 7, 2024, Array Technologies, Inc. is considered risky and overvalued with a P/E ratio of 11, despite a strong year-to-date return of 33.28%, as its long-term performance shows a decline of -54.83% over three years compared to the S&P 500's 70.41%.

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How big is Array Technologies, Inc.?

22-Jun-2025

As of Jun 18, Array Technologies, Inc. has a market capitalization of 1,133.42 million and net sales of 1,064.77 million, with a net profit of -225.80 million for the latest four quarters. Shareholder's funds are 288.83 million and total assets are 1,426.00 million as of Dec 24.

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What does Array Technologies, Inc. do?

22-Jun-2025

Array Technologies, Inc. manufactures ground-mounting systems for solar energy projects and is classified as a small-cap company with a market cap of approximately $1.13 billion. As of March 2025, it reported net sales of $302 million and a net profit of $17 million.

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Should I buy, sell or hold Array Technologies, Inc.?

22-Jun-2025

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Weak Long Term Fundamental Strength with a -9.23% CAGR growth in Operating Profits over the last 5 years

Low ability to service debt as the company has a high Debt to EBITDA ratio of 5.81 times

Flat results in Jun 26

Risky -

Below par performance in long term as well as near term

Mojo Parameters

Stock DNA

Industry

Other Electrical Equipment

Market cap

USD 1,120 Million (Small Cap)

P/E

28.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

1.65

Return on Equity

15.62%

Price to Book

4.30

Revenue and Profits:

Net Sales:

342 Million

(Quarterly Results - Jun 2026)

Net Profit:

24 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-51.14%

6 Months

-42.81%

1 Year

-49.67%

2 Years

-39.4%

3 Years

-83.65%

4 Years

-76.91%

5 Years

-78.57%

Array Technologies, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

8.03%

EBIT Growth (5y)

-9.23%

EBIT to Interest (avg)

1.86

Debt to EBITDA (avg)

3.33

Net Debt to Equity (avg)

1.02

Sales to Capital Employed (avg)

1.10

Tax Ratio

2.15%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

100.00%

ROCE (avg)

10.88%

ROE (avg)

13.69%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

4.30

EV to EBIT

20.68

EV to EBITDA

13.31

EV to Capital Employed

2.25

EV to Sales

1.21

PEG Ratio

Dividend Yield

ROCE (Latest)

10.86%

ROE (Latest)

15.62%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

Mildly Bullish

RSI

Bullish

No Signal

Bollinger Bands

Mildly Bearish

Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Bearish

Bullish

Dow Theory

Mildly Bullish

Mildly Bearish

OBV

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Jun 2026

Shareholding Compare (%holding)

Majority shareholders

Foreign Institutions

Domestic Funds

Held in 71 Schemes (48.88%)

Foreign Institutions

Held by 187 Foreign Institutions (59.58%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val1": "5.80",
          "val2": "5.60",
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        "Dec'25",
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          "val2": "153.80",
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          "chgp": "-21.55%",
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          "val1": "-99.10",
          "val2": "-328.00",
          "chgp": "69.79%",
          "chgp_class": "positive"
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          "chgp": "78.29%",
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Quarterly Results Snapshot (Consolidated) - Jun'26 - QoQ

Jun'26

Mar'26

Change(%)

Net Sales

342.10

223.40

53.13%

Operating Profit (PBDIT) excl Other Income

52.90

19.90

165.83%

Interest

5.80

5.60

3.57%

Exceptional Items

-2.40

2.60

-192.31%

Consolidate Net Profit

24.30

2.00

1,115.00%

Operating Profit Margin (Excl OI)

108.80%

20.20%

8.86%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Jun 2026 is 53.13% vs -1.15% in Mar 2026

Consolidated Net Profit

QoQ Growth in quarter ended Jun 2026 is 1,115.00% vs 101.37% in Mar 2026

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1,284.10

915.80

40.22%

Operating Profit (PBDIT) excl Other Income

131.60

153.80

-14.43%

Interest

27.30

34.80

-21.55%

Exceptional Items

-99.10

-328.00

69.79%

Consolidate Net Profit

-52.20

-240.40

78.29%

Operating Profit Margin (Excl OI)

65.70%

110.30%

-4.46%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 40.22% vs -41.91% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 78.29% vs -275.22% in Dec 2024

All Annual Results

Company CV

About Array Technologies, Inc.

Array Technologies, Inc.

Other Electrical Equipment

Array Technologies, Inc. is a manufacturer of ground-mounting systems used in solar energy projects. The Company’s principal product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers. It sells its products to engineering, procurement and construction firms (EPCs) that build solar energy projects and to solar developers, independent power producers and utilities, often under master supply agreements or multi-year procurement contracts. The Company’s DuraTrack HZ v3 is single axis tracker and incorporates features, such as a single bolt per module mounting system. SmarTrack uses site-specific historical weather and energy production data, in combination with machine learning algorithms, to identify the position for a solar array in real time.

Company Coordinates

Company Details

3901 Midway Place Ne , ALBUQUERQUE NM : 87109

Tel: 1 505 8817567

https://arraytechinc.com/

Registrar Details

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