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

7.72

Mkt cap

Volume

7.5M

High

7.75

P/E Ratio

-6.99

52-wk high

20.15

Low

6.84

Div yield

N/A

52-wk low

5.56

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

The article highlights three industrial stocks, Hyzon Motors, Velo3D, and Array Technologies, that are currently oversold with RSI values below 30, indicating potential buying opportunities. Hyzon Motors reported poor Q2 results, Velo3D showed improved EPS but saw a stock decline, and Array Technologies beat earnings estimates but lowered its fiscal outlook.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 12:58 pm

Guggenheim analyst Joseph Osha maintains a Buy rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $18 to $14.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 5:05 pm

Scotiabank analyst Tristan Richardson maintains a Sector Outperform rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $17 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 4:52 pm

Truist Securities analyst Jordan Levy maintains a Buy rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $23 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:53 pm

Barclays analyst Christine Cho maintains an Overweight rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $18 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:15 pm

JP Morgan analyst Paul Coster maintains an Overweight rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $27 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:16 pm

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