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

Analysts have provided mixed ratings for Array Technologies (NASDAQ:ARRY) over the past three months, with a recent decrease in the average 12-month price target by 6.06%. The company's financials show a significant decline in revenue growth and challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 3:00 pm

Susquehanna analyst Biju Perincheril has initiated coverage on Array Technologies (NASDAQ:ARRY) with a Positive rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 11:19 am

A cooler-than-expected U.S. inflation report has led to a rally in small caps, real estate, and regional banks, with traders anticipating potential Fed rate cuts. The iShares Russell 2000 ETF (IWM) saw a significant rise, along with sector-specific ETFs like VNQ, XLB, XHB, TAN, KRE, and XBI. Top-performing stocks included Sunrun Inc. (RUN), Array Technologies Inc. (ARRY), and Opendoor Technologies Inc. (OPEN).

Portfolio Pulse from Piero Cingari

June 12, 2024 | 2:09 pm

Shares of Contango Ore, Inc. (NYSE:CTGO) fell sharply by 18.4% after the company announced a $15 million underwritten public offering. Other notable stock movements include Trio Petroleum Corp. (NYSE:TPET) jumping 88.2% after completing its first two exploratory wells, and Airship AI Holdings, Inc. (NASDAQ:AISP) climbing 32.5% following a contract award from the Department of Justice.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 5:54 pm

Array Technologies shares are trading lower following the announcement of a CFO transition at the end of Q2.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 5:20 pm

The article highlights the performance of various industrial stocks during Monday's after-market session. Notable gainers include Northann (NCL), Multi Ways Holdings (MWG), and Knightscope (KSCP), while significant losers include Skillsoft (SKIL), Array Technologies (ARRY), and Nuvve Holding (NVVE).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 8:31 pm

Array Technologies CFO Kurt Woods will resign at the end of Q2.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 8:03 pm

The US is moving closer to imposing tariffs on Asian solar panels following a recent agency vote. This decision could impact several US-listed companies involved in the solar industry.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:04 pm

Array Technologies has appointed Neil Manning as President and COO. Manning has been serving as the Chief Operations Officer since January 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:02 pm

Lawmakers are pushing for an investigation into Chinese solar companies, which could impact the solar industry and related stocks.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:07 pm

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