Array Technologies, Inc. (ARRY) Stock Price Quote, News &…

Summary

Array Technologies, Inc. (ARRY) develops, manufactures, and provides solar tracking solutions and complementary products for customers both within the United States and internationally. A key offering is the DuraTrack HZ v3, a system designed for single-axis solar panel tracking. Additionally, the company offers SmarTrack, an intelligent software powered by machine learning that continuously determines the optimal alignment for solar arrays in real time to maximize energy output. This enterprise was established in 1989 and its corporate headquarters are situated in Albuquerque, New Mexico.

Website

arraytechinc.com

Location

Albuquerque, NM, US

Phone505 881 7567

Employees1,200

CEOKevin G. Hostetler

Sector

Information Technology

Industry

Technology Hardware, Storage & Peripherals

IPO DateOct 15, 2020

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… ing of the ARRAY Merger (as defined below) pursuant to the Agreement and Plan of Merger and Reorganization, dated November 4, 2026 (as may be amended from time to time, the “ARRAY Merger Agreement”), by and among Array Technologies, Inc., a Delaware corporation (“ARRAY”), Pensacola Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of ARRAY (“Merger Sub”), and the Company; whether Company shareholder approval, ARRAY st …
Shoals Technologies Group, Inc.Array Technologies, Inc.·10-Q - Quarterly report Q3·Q3 26·07:18AM
… that may arise in the future. Webcast and Conference Call Information In a separate press release issued today, the Company announced it had entered into an Agreement and Plan of Merger and Reorganization with ARRAY Technologies, Inc. Additional information is available in the transaction press release. In light of the transaction announcement, the Company’s previously scheduled third quarter 2026 earnings call will instead be conducted as a j …
Shoals Technologies Group, Inc.Array Technologies, Inc.·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·07:10AM
… previously served as the General Counsel and Corporate Secretary of Quanergy Systems, Inc. from August 2021 to March 2023. Prior to joining Quanergy Systems, Inc., Mr. Allison served as Deputy General Counsel of Array Technologies, Inc. from January 2021 to June 2021. From 1998 to 2019, Mr. Allison held multiple roles of increasing responsibility at Amkor Technology, Inc., serving most recently as Senior Vice President, Assistant General Counsel …
ZincFive, Inc.Array Technologies, Inc.·S-4/A - Registration statement (business combination, amendment)·Q4 26·21 Oct
… ystems and other products and services that compete or will compete directly with our products and services in the utility-scale solar energy market. Competitors in the solar tracker market include, among others, Array Technologies, Inc., GameChange Solar, Nextpow t er Inc. and PVH. In addition, there are numerous private company competitors, both domestically and internationally. We expect competition to continue to intensify a f s new competito …
FTC Solar, Inc.Array Technologies, Inc.·ARS - Annual report to security holders·FY25·19 Oct
… previously served as the General Counsel and Corporate Secretary of Quanergy Systems, Inc. from August 2021 to March 2023. Prior to joining Quanergy Systems, Inc., Mr. Allison served as Deputy General Counsel of Array Technologies, Inc. from January 2021 to June 2021. From 1998 to 2019, Mr. Allison held multiple roles of increasing responsibility at Amkor Technology, Inc., serving most recently as Senior Vice President, Assistant General Counsel …
ZincFive, Inc.Array Technologies, Inc.·S-4 - Registration statement (business combination)·Q3 26·30 Sep
… rge Projects Group where the firm developed, owned and operated large infrastructure assets in North America. Mr. Jonna previously served on the board of directors of nine companies, including five public companies: Array Technologies (NASDAQ: ARRY), Fidelity Building Services Group, Infrastructure & Energy Alternatives (NASDAQ: IEA), Montrose Environmental Group (NYSE: MEG), Renewable Energy Infrastructure Group, Shoals Technologies Group (NASDA …
Forgent Power Solutions, Inc.Array Technologies, Inc.·10-K - Annual report FY 2026·FY26·15 Sep

Key Stats

Trading

Px/Chg 1D$4.08 / +4.88%

Prev Close$4.60

% of 52Wk H38.43%

Avg Volume5.96M

Beta2.60

Mkt Cap627.61M

FD Mkt Cap722.98M

Float

Shrs Out/Float153.83M / 139.88M

Short Float0.21%

Days to Cover4.69

Stock Repurchased$0.00

Current Valuation

EV1.67B

EV/EBITDA56.56

EV/Sales1.39

P/B2.34

P/S0.52

FCF Yield-5.88%

ROE0.75%

ROA0.14%

Current Ratio2.25

Estimates

P/E-9.37

Est P/E0.00

Est EPS-0.06

Est PEG0.00

Valuation

Metric	5Yr Avg	May '23	May '24	May '25	May '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	190.36	649.71	13.76	-3.11	-8.57	300.03
Price / Sales	2.40	1.76	1.20	0.82	5.53	2.68
Price / Book Value	3.90	6.79	3.09	2.59	4.80	2.24
Price / Free Cash Flow	10.84	22.00	8.78	5.10	34.55	-16.22
ENTERPRISE VALUE METRICS
Enterprise Value	2,377.9	3,824.6	2,698.1	1,484.7	2,238.0	1,643.9
Enterprise Value / Sales	4.59	2.34	1.71	1.62	9.90	7.36
Enterprise Value / EBITDA	15.62	28.80	9.77	-9.11	-17.00	65.62
Enterprise Value / EBIT	56.06	120.49	12.19	-6.88	-15.19	169.69

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	10.8%	853.3	1,637.5	1,576.6	915.8	1,284.1
Gross Income	44.6%	68.3	212.7	415.6	297.7	298.6
EBITDA	207.3%	0.5	132.8	276.2	-163.0	45.4
EBIT	-47.8%	-25.4	31.7	221.4	-215.8	-1.9
Net Income	89.7%	-50.4	4.4	137.2	-240.4	-52.2
EPS (Diluted)	9.4%	-0.51	-0.29	0.56	-1.95	-0.73
BALANCE SHEET
Cash & ST Inv	-9.7%	367.7	133.9	249.1	363.0	244.4
Total Assets	6.2%	1,143.0	1,706.1	1,706.7	1,426.0	1,451.8
Total Liabilities	5.1%	974.7	1,282.2	1,096.2	1,137.2	1,191.4
Total Shareholder Equity	11.5%	168.3	423.9	610.5	288.8	260.4
CASH FLOW
Net Operating Cash Flow	—	-263.2	141.5	232.0	154.0	101.8
Cap Ex	59.9%	-3.4	-10.6	-17.0	-7.3	-22.0
Free Cash Flow	—	-266.5	130.9	215.0	146.7	79.8

Enterprise Value Bridge

Millions USD		23 Oct '26
Price (As of 23 Oct '26)		3.23
Basic Shares		153.83
Market Cap		496.1
Diluted Shares		152.96
Fully Diluted Shares Outstanding		152.96
Fully Diluted Market Cap		493.3
+Consolidated Debt		763.2
−In-the-Money Convertible Debt		—
+Capital Leases		96.8
+Operating Leases		—
−Cash & Equivalents		-200.7
−Short-term Investments		-
+Total Preferred		482.3
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		1,540.9

Segment data

Revenue

by Geography

United States82%
Spain11%
Brazil5%
Australia2%

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