Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.
Future Prospects | Delve into Array's potential for leveraging strong bookings and rising steel prices to drive growth, with analyst price targets ranging from $7 to $11 |
Competitive Positioning | Explore Array's strategies to maintain market share against rivals expanding product offerings and increasing R&D investments in the solar tracking secto |
Financial Outlook | Despite recent setbacks, analysts project a return to growth for Array in 2025, with revenue forecasts of 20% and improving gross margins |
Solar Market Dynamics | Array Technologies navigates a complex landscape in the solar industry, facing revenue declines amid fierce competition and operational challenges |

Metrics to compare | ARRY | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipARRYPeersSector | |
|---|---|---|---|---|
P/E Ratio | −14.7x | −1.2x | 12.1x | |
PEG Ratio | −0.36 | 0.01 | 0.03 | |
Price / Book | −28.9x | 1.4x | 1.4x | |
Price / LTM Sales | 1.0x | 1.0x | 1.2x | |
Upside (Analyst Target) | 22.0% | 111.8% | 20.8% | |
Fair Value Upside | Unlock | 20.0% | 6.7% | Unlock |