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Array Technologies Inc Ordinary Shares ARRY

Morningstar Rating
$9.63 −0.01 (0.10%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

ARRY is trading at a 643% premium.
Price
$9.60
Fair Value
$23.72
Uncertainty
Very High
1-Star Price
$15.81
5-Star Price
$5.81
Economic Moat
Qzqj
Capital Allocation
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News

Trading Information

Previous Close Price
$9.64
Day Range
$9.639.89
52-Week Range
$9.3626.64
Bid/Ask
$9.60 / $9.64
Market Cap
$1.47 Bil
Volume/Avg
3,862 / 5.6 Mil

Key Statistics

Price/Earnings (Normalized)
8.55
Price/Sales
1.08
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's product is an integrated system of steel supports, electric motors, gearboxes and electronic controllers referred to as a single-axis tracker that move solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Its operations are in the United States, Australia, Spain, Brazil and Rest of the World with the United States deriving the majority of the revenue.
Sector
Technology
Industry
Solar
Stock Style Box
Small Core
Total Number of Employees
975

Comparables

Valuation

Metric
ARRY
SHLS
NXT
Price/Earnings (Normalized)
8.559.8114.82
Price/Book Value
6.321.856.64
Price/Sales
1.082.152.67
Price/Cash Flow
7.777.4112.79
Price/Earnings
ARRY
SHLS
NXT

Financial Strength

Metric
ARRY
SHLS
NXT
Quick Ratio
1.821.781.41
Current Ratio
2.732.621.98
Interest Coverage
4.302.8744.99
Quick Ratio
ARRY
SHLS
NXT

Profitability

Metric
ARRY
SHLS
NXT
Return on Assets (Normalized)
8.16%11.03%23.21%
Return on Equity (Normalized)
56.56%17.17%
Return on Invested Capital (Normalized)
12.82%14.75%55.22%
Return on Assets
ARRY
SHLS
NXT
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Solar Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
First Solar Inc
FSLR
TzdxmwdmYpsq$23.2 Bil
Enphase Energy Inc
ENPH
YhfrkfywqZcmry$13.0 Bil
NEXTracker Inc Ordinary Shares - Class A
NXT
XfwzgfhYmnvr$6.6 Bil
Xinyi Solar Holdings Ltd
XNYIF
Ssp$4.2 Bil
Xinyi Solar Holdings Ltd ADR
XISHY
Fxc$4.2 Bil
GCL Technology Holdings Ltd
GCPEF
Xmdn$3.8 Bil
Sunrun Inc
RUN
KqnhgfsjSzqrk$2.4 Bil
SolarEdge Technologies Inc
SEDG
DrcvzdnjLblj$1.4 Bil
Shoals Technologies Group Inc Ordinary Shares - Class A
SHLS
PbhnnlhTnqb$1.0 Bil

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