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Upturn AI SWOT - About
ARRY 
Array Technologies Inc (ARRY)
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Upturn Advisory Summary
04/01/2025: ARRY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -65.98% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 738.79M USD | Price to earnings Ratio - | 1Y Target Price 8.6 |
Price to earnings Ratio - | 1Y Target Price 8.6 | ||
Volume (30-day avg) 5484367 | Beta 1.69 | 52 Weeks Range 4.61 - 14.95 | Updated Date 04/2/2025 |
52 Weeks Range 4.61 - 14.95 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.95 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -26.25% | Operating Margin (TTM) 8.7% |
Management Effectiveness
Return on Assets (TTM) 3.87% | Return on Equity (TTM) -53.46% |
Valuation
Trailing PE - | Forward PE 8.39 | Enterprise Value 1476060986 | Price to Sales(TTM) 0.81 |
Enterprise Value 1476060986 | Price to Sales(TTM) 0.81 | ||
Enterprise Value to Revenue 1.61 | Enterprise Value to EBITDA 9.74 | Shares Outstanding 152014000 | Shares Floating 137262353 |
Shares Outstanding 152014000 | Shares Floating 137262353 | ||
Percent Insiders 0.34 | Percent Institutions 124.27 |
Analyst Ratings
Rating 3.89 | Target Price 10.14 | Buy 3 | Strong Buy 11 |
Buy 3 | Strong Buy 11 | ||
Hold 12 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Array Technologies Inc
Company Overview
History and Background
Array Technologies, Inc. was founded in 1989. Initially focused on heliostat technology, it pivoted to solar tracking systems and has grown to become a leading provider in the utility-scale solar market. It went public in October 2020.
Core Business Areas
- Solar Tracking Solutions: Array Technologies designs, manufactures, and supplies solar tracking systems that allow solar panels to follow the sun's movement throughout the day, maximizing energy production. These trackers are primarily used in utility-scale solar projects.
Leadership and Structure
Kevin Hostetler is the Chief Executive Officer. The company has a standard corporate structure with departments focused on sales, engineering, manufacturing, and finance.
Top Products and Market Share
Key Offerings
- DuraTrack HZ v3: DuraTrack HZ v3 is Array Technologies' flagship product, a single-axis tracker designed for utility-scale solar power plants. While exact market share fluctuates, Array Technologies is a major player. Competitors include Nextracker (NXT), PV Hardware, and Arctech Solar. Revenues are not broken down by product. Exact users are difficult to track as projects vary constantly.
Market Dynamics
Industry Overview
The solar energy industry is experiencing rapid growth due to increasing demand for renewable energy and decreasing costs of solar technology. The industry is competitive and subject to fluctuations in commodity prices and government policies.
Positioning
Array Technologies is a leading provider of solar tracking solutions for utility-scale projects. Its competitive advantages include its established market presence, technology, and experience.
Total Addressable Market (TAM)
The TAM for solar tracking solutions is estimated to be in the billions of dollars annually. Array Technologies is well-positioned to capture a significant portion of this market, benefiting from the increasing adoption of solar energy.
Upturn SWOT Analysis
Strengths
- Leading market position
- Strong technology and engineering capabilities
- Established relationships with key customers
- Scalable manufacturing capacity
Weaknesses
- Reliance on a single product category
- Exposure to commodity price fluctuations (steel)
- Dependence on large utility-scale projects
- History of supply chain disruptions
Opportunities
- Expanding into new geographic markets
- Developing new products and services (e.g., software)
- Acquiring complementary businesses
- Benefiting from government incentives for renewable energy
Threats
- Increased competition from existing and new players
- Changes in government policies regarding renewable energy
- Economic downturns affecting utility-scale projects
- Supply chain disruptions affecting component availability
Competitors and Market Share
Key Competitors
- NXT
- SPWR
- SEDG
Competitive Landscape
Array Technologies competes on price, technology, and customer service. It must differentiate itself through innovation and efficient operations to maintain its market position.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historically, growth has been tied to the expansion of the solar energy market and the company's ability to secure large projects.
Future Projections: Future growth is projected to be driven by continued demand for solar energy, geographic expansion, and potential product diversification. Analyst estimates vary.
Recent Initiatives: Recent initiatives have focused on streamlining operations, managing supply chains, and expanding into new markets.
Summary
Array Technologies is a key player in the solar tracking market, benefiting from the increasing demand for renewable energy. Its strengths include its technology and market position, but it faces challenges related to competition and commodity prices. Careful management of supply chains and cost structures is critical for future success, and diversifying revenue streams is advisable.
Similar Companies
ENPH
Enphase Energy Inc
ENPH
Enphase Energy Inc
NXT
Nextracker Inc. Class A Common Stock
NXT
Nextracker Inc. Class A Common Stock
SEDG
SolarEdge Technologies Inc
SEDG
SolarEdge Technologies Inc
SPWR
SunPower Corporation
SPWR
SunPower Corporation
Sources and Disclaimers
Data Sources:
- Company Filings (10K, 10Q), Investor Presentations, Industry Reports, Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data and estimates are subject to change. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Array Technologies Inc
Exchange NASDAQ | Headquaters Albuquerque, NM, United States | ||
IPO Launch date 2020-10-15 | CEO & Director Mr. Kevin G. Hostetler | ||
Sector Technology | Industry Solar | Full time employees 1021 | Website https://arraytechinc.com |
Full time employees 1021 | Website https://arraytechinc.com | ||
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.
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