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ARRY
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ARRYArray Technologies, Inc.
$3.86$594M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ARRY logo

Array Technologies, Inc.

ARRY
NASDAQ · Solar
$3.86
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$594M
P/E-5.3x
52W High$12.23
Volume5.64M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Recovery Masks Negative Equity Leverage Risk

Array Technologies is emerging from a 2025Q4 trough, with gross margin rebounding to 29.1% in 2026Q2 from 8.6% and operating margin swinging to +10.2%, driven by steel cost pass-through and operating leverage. However, the balance sheet remains strained with n...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

ARRY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-124% Peers

P/E is 124% below peer median

03

Market leadership

RS 7 · Lag

Laggard (Underperforming 93% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ARRY-60.12%
S&P 500 (^GSPC)+12.39%
1-Year Return
ARRY-49.67%
S&P 500 (^GSPC)+15.77%
3-Year Return
ARRY-83.32%
S&P 500 (^GSPC)+77.20%
5-Year Return
ARRY-78.57%
S&P 500 (^GSPC)+71.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-5.3x
Forward P/E
5.1x
EV/EBITDA0th %ile
9.2x
FCF YieldCash Flow
13.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-5.3x
30.0x
0th· Low
EV/EBITDA
9.2x
15.9x
0th· Low
Price/FCF
7.4x
17.6x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$5.64-19.1%
Bull$2.76-28.5%
$0.00 Bear$5.64 Base$2.76 Bull
Current Market Price: $3.86
Trades at a 31.6% discount to Base DCF ($5.64)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.28B+40.2% YoY
Net income
-$52M+78.3% YoY
Free cash flow
$80M-45.6% YoY
Operating margin
5.7%+30.5 pts YoY
ROIC (TTM)7.9%
Avg ROIC 5Y-
ROE (TTM)-19%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.24+97.2%
vs $0.12
$342M+9.3%
vs $313M
Q2 2026
May 6, 2026
$0.06+200.0%
vs -$0.06
$223M+10.8%
vs $202M
Q1 2026
Feb 25, 2026
-$0.01-27.2%
vs -$0.01
$226M+6.9%
vs $211M
Q4 2025
Nov 5, 2025
$0.30+42.9%
vs $0.21
$393M+86.4%
vs $211M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·5d ago
Here's Why Array Technologies, Inc. (ARRY) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Zacks Investment Research·Sep 16, 2026
Why Array Technologies, Inc. (ARRY) Dipped More Than Broader Market Today

In the latest trading session, Array Technologies, Inc. (ARRY) closed at $4.2, marking a -4.11% move from the previous day.

Zacks Investment Research·Sep 10, 2026
Array Technologies, Inc. (ARRY) Advances While Market Declines: Some Information for Investors

In the most recent trading session, Array Technologies, Inc. (ARRY) closed at $4.55, indicating a +1.56% shift from the previous trading day.

GlobeNewsWire·Sep 9, 2026
ARRAY Opens New Albuquerque Manufacturing Facility with Ribbon Cutting Ceremony

ALBUQUERQUE, N.M., Sept. 09, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation and other balance-of-system solutions, software and services, today celebrated the opening of a new $50+ million manufacturing facility in Albuquerque, New Mexico.

Filtered for Array Technologies, Inc.More Headlines
04

Compare before deciding

Benchmark ARRY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Array Technologies, Inc. (ARRY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARRY logoARRYArray Technologies, Inc.Current
$3.86$593.77M-5.2940.22%-4.07%-19.02%—
SHLS logoSHLSShoals Technologies Group, Inc.
$7.71$1.29B38.5519.07%5.41%5.29%—
FTCI logoFTCIFTC Solar, Inc.
$2.54$40.65M-0.46110.51%-51.02%——
FSLR logoFSLRFirst Solar, Inc.
$191.97$20.63B13.5124.09%32.47%18.02%—
ENPH logoENPHEnphase Energy, Inc.
$33.07$4.37B25.6410.72%10.09%12.28%—
SEDG logoSEDGSolarEdge Technologies, Inc.
$33.35$2.03B-4.8331.39%-20.29%-62.5%—

Compare ARRY vs Peers

Array Technologies, Inc. (ARRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SHLS

Most directly comparable listed peer for ARRY.

Scale Benchmark

vs NEE

Larger-name benchmark to compare ARRY against a more recognizable public peer.

Peer Set

Compare Top 5

vs SHLS, FTCI, FSLR, ENPH

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ARRY SEC Filings & Documents

Array Technologies, Inc. (ARRY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jul 16, 2026·SEC

Material company update

May 20, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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ARRY Frequently Asked Questions

Array Technologies, Inc. (ARRY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Array Technologies, Inc.'s revenue?

Array Technologies, Inc. (ARRY) reported $1.19B in revenue for fiscal year 2025. This represents a 308% increase from $290.8M in 2018.

How fast is Array Technologies, Inc. growing?

Array Technologies, Inc. (ARRY) grew revenue by 40.2% over the past year. This is strong growth.

Is ARRY profitable?

Array Technologies, Inc. (ARRY) reported a net loss of $85.9M for fiscal year 2025.

Dividend & Returns
What is ARRY's return on equity?

Array Technologies, Inc. (ARRY) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.

What is Array Technologies, Inc.'s free cash flow?

Array Technologies, Inc. (ARRY) generated $134.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ARRY back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →