Streetbeat News

ARRY

Array Technologies, Inc.

Industry

Solar

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

Open

5.96

Mkt cap

942M

Volume

19M

High

6.37

P/E Ratio

62.00

52-wk high

20.15

Low

5.95

Div yield

N/A

52-wk low

5.56

U.S. stocks rose on Wednesday, with notable gains from Arcadium Lithium, MicroCloud Hologram, Helen of Troy, Astera Labs, and others. Arcadium Lithium surged 30.5% after announcing its acquisition by Rio Tinto. Norwegian Cruise Line and GitLab also saw significant gains following analyst upgrades.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 2:38 pm

Guggenheim analyst Joseph Osha maintains a Buy rating on Array Technologies but lowers the price target from $14 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:09 pm

Array Technologies (NASDAQ: ARRY) has been evaluated by 18 analysts over the past three months, with a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 28.1% to $13.64. Analysts have lowered their ratings and price targets, reflecting concerns over the company's recent financial performance, including a significant revenue decline. Despite challenges, Array Technologies shows strong net margin, ROE, and ROA, but faces high debt management risks.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 4:00 pm

Barclays analyst Christine Cho maintains an Overweight rating on Array Technologies but lowers the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:24 pm

Solar stocks surged following Vice President Kamala Harris's strong debate performance against Donald Trump, signaling potential stability for clean energy policies. The Invesco Solar ETF (TAN) rose 3.7%, with top gainers including First Solar, Shoals Technologies, and Canadian Solar.

Portfolio Pulse from Piero Cingari

September 11, 2024 | 3:37 pm

Solar stocks are experiencing a rise in share prices following the Trump-Harris debate, where VP Harris expressed support for diverse energy sources.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 3:21 pm

Several stocks saw significant gains on Wednesday despite a general market downturn. Petco Health and Wellness (WOOF) rose 8.4% despite reporting larger-than-expected losses. PureCycle Technologies (PCT) jumped 20% following a financing announcement. Sigma Lithium (SGML), Lithium Americas (LAAC), and Albemarle (ALB) gained due to a rise in lithium prices. Hyliion Holdings (HYLN) rose after securing a Navy contract. Dave & Buster’s (PLAY) increased after better-than-expected earnings. AppLovin (APP) gained following a price target increase by B of A Securities.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 2:19 pm

Array Technologies has introduced a new reusable packaging solution aimed at replacing traditional cardboard boxes. This innovation is designed to enhance sustainability and supply chain efficiency by reducing waste, requiring fewer trucks for transportation, and offering a 15-year lifespan.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 8:18 pm

Array Technologies (NASDAQ:ARRY) has received mixed analyst ratings, with a decline in average price targets. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Despite revenue challenges, Array Technologies shows strong profitability and financial management.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 1:00 pm

U.S. stocks saw gains on Monday, with notable increases in Galapagos NV, COMPASS Pathways, MoneyLion, and XPeng. Galapagos rose 10% after Ecor1 Capital's stake announcement, while XPeng's CEO's share acquisition boosted its stock by 6.1%.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 1:59 pm

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