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Array Technologies Inc

Technology US ARRY

6.79USD
-0.08(1.16%)

Last update at 2025-05-29T16:49:00Z

Day Range

6.757.05
LowHigh

52 Week Range

3.7614.69
LowHigh

Fundamentals

  • Previous Close 6.87
  • Market Cap1171.56M
  • Volume1185446
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA154.51M
  • Revenue TTM1064.77M
  • Revenue Per Share TTM7.01
  • Gross Profit TTM 319.02M
  • Diluted EPS TTM-1.86

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -250.57600M 177.16M -4.95200M -61.12100M 77.78M
Minority interest - - - - -
Net income -240.39400M 137.24M 4.43M -50.40300M 59.07M
Selling general administrative 160.57M 159.53M 150.78M 80.97M 55.63M
Selling and marketing expenses - - - - -
Gross profit 297.68M 415.55M 227.28M 82.86M 202.80M
Reconciled depreciation 52.78M 67.34M 101.06M 25.95M 27.47M
Ebit -215.75100M 221.39M -19.85100M -25.64600M 121.65M
Ebitda -162.97200M 276.21M 81.21M 0.30M 149.13M
Depreciation and amortization 52.78M 54.83M 101.06M 25.95M 27.47M
Non operating income net other - - 46.69M - -2.30500M
Operating income -227.00500M 214.12M -18.13300M -24.74100M 95.21M
Other operating expenses 1142.81M 1362.43M 1660.19M 875.36M 751.01M
Interest expense 34.83M 44.23M 33.51M 35.48M 15.13M
Tax provision -10.18200M 53.31M -9.38400M -10.71800M 18.70M
Interest income 16.78M 8.33M 3.18M 0.21M -
Net interest income -18.04800M -41.32000M -33.51300M -35.47500M -15.12900M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -10.18200M 39.92M -9.38400M -10.71800M 18.70M
Total revenue 915.81M 1576.55M 1637.55M 853.32M 872.66M
Total operating expenses 524.68M 201.43M 249.92M 104.90M 81.15M
Cost of revenue 618.13M 1161.00M 1410.27M 770.46M 669.86M
Total other income expense net -23.57100M -36.96700M 13.18M -36.38000M -17.43400M
Discontinued operations - - - - -
Net income from continuing ops -240.39400M 108.90M 4.43M -50.40300M 59.07M
Net income applicable to common shares - - -43.62200M -66.11800M 59.07M
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 1426.00M 1706.74M 1706.05M 1142.98M 656.02M
Intangible assets 181.41M 350.40M 386.36M 174.75M 198.26M
Earning assets - - - - -
Other current assets 159.08M 89.08M 39.43M 33.65M 12.42M
Total liab 1137.16M 1096.23M 1282.20M 974.72M 736.92M
Total stockholder equity 288.83M 610.51M 423.85M 168.26M -80.89900M
Deferred long term liab - - - - 13.11M
Other current liab 114.96M 122.49M 77.22M 43.52M 49.98M
Common stock - 0.15M 0.15M 0.14M 0.13M
Capital stock 407.08M 351.41M 299.72M 237.60M 0.13M
Retained earnings -370.62400M -130.23000M -267.47000M -271.90200M -221.49900M
Other liab - - - 13.00M 23.85M
Good will 160.19M 435.59M 416.18M 69.73M 69.73M
Other assets - - - 12.53M 3.09M
Cash 362.99M 249.08M 133.90M 367.67M 108.44M
Cash and equivalents - - - - -
Total current liabilities 437.81M 335.69M 465.26M 245.31M 289.10M
Current deferred revenue 119.78M 66.49M 178.92M 99.58M 149.82M
Net debt 329.58M 458.56M 625.14M 353.60M 319.84M
Short term debt 30.71M 27.22M 38.69M 10.21M 4.31M
Short long term debt 30.71M 21.47M 38.69M 4.30M 4.31M
Short long term debt total 692.58M 707.64M 759.04M 721.26M 428.28M
Other stockholder equity -118.09600M 344.52M 383.18M 202.56M 140.47M
Property plant equipment - - 23.17M 21.94M 9.77M
Total current assets 998.72M 832.28M 831.21M 852.03M 375.18M
Long term investments - - - - -
Net tangible assets - - 423.85M -313.68500M -348.88600M
Short term investments - - - - -
Net receivables 275.84M 332.15M 424.71M 245.06M 135.85M
Long term debt 646.57M 660.95M 720.35M 711.06M 423.97M
Inventory 200.82M 161.96M 233.16M 205.65M 118.46M
Accounts payable 172.37M 119.50M 170.43M 92.00M 84.99M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -45.40300M 44.81M 8.43M -9.01100M -
Additional paid in capital - - - - -
Common stock total equity - - 0.15M - 0.13M
Preferred stock total equity - - - - -
Retained earnings total equity - - -267.47000M - -221.49900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 41.70M 18.63M 32.66M 26.43M 3.09M
Deferred long term asset charges - - - - -
Non current assets total 427.27M 874.46M 874.84M 290.95M 280.85M
Capital lease obligations 15.29M 48.05M 10.55M 5.91M -
Long term debt total - - 720.35M - 423.97M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -9.57200M -15.54600M -384.43700M -15.33200M -1.33800M
Change to liabilities - - 12.94M -43.60400M -229.47900M
Total cashflows from investing activities - - -384.43700M -15.33200M -1.33800M
Net borrowings - - -18.04700M 280.10M 356.67M
Total cash from financing activities -11.84400M -101.76100M 8.44M 537.75M -129.27300M
Change to operating activities - - - -11.87200M -12.98600M
Net income -240.39400M 137.24M 4.43M -50.40300M 59.07M
Change in cash 115.06M 115.18M -233.76900M 259.23M -252.81600M
Begin period cash flow 249.08M 133.90M 367.67M 108.44M 361.26M
End period cash flow 364.14M 249.08M 133.90M 367.67M 108.44M
Total cash from operating activities 153.98M 231.96M 141.49M -263.18700M -122.20500M
Issuance of capital stock 0.00000M 0.00000M 48.98M 345.63M 145.53M
Depreciation 52.78M 54.83M 101.06M 25.95M 27.47M
Other cashflows from investing activities 0.03M 0.17M -373.81800M -11.97500M -
Dividends paid 0.00000M 0.00000M 18.67M 8.05M 589.00M
Change to inventory 2.92M 66.74M 20.87M -88.18400M 28.34M
Change to account receivables 37.31M 92.81M -76.98400M -116.84800M -23.03800M
Sale purchase of stock - - 15.88M 764.34M 589.00M
Other cashflows from financing activities -3.17900M -2.70900M 165.46M -79.92900M -42.47500M
Change to netincome - - -19.35000M 7.39M 34.70M
Capital expenditures 7.30M 16.99M 10.62M 3.36M 1.34M
Change receivables - - -76.98400M - -23.03800M
Cash flows other operating - - 91.67M - -219.38900M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - -234.50400M - -252.81600M
Change in working capital 26.64M 7.51M 42.06M -261.15600M -246.82300M
Stock based compensation 10.35M 14.54M 14.98M 13.76M 5.61M
Other non cash items 352.61M 26.70M 10.53M 18.77M 36.00M
Free cash flow 146.68M 214.97M 130.87M -266.54400M -123.54300M

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ARRY
Array Technologies Inc		 -0.08 1.16% 6.79 - 12.59 1.10 5.03 1.81 9.74
FSLR
First Solar Inc		 0.21 0.14% 156.66 16.61 9.35 5.36 2.72 5.21 11.40
ENPH
Enphase Energy Inc		 0.28 0.72% 39.24 136.61 18.32 6.79 9.24 6.51 53.17
NXT
Nextracker Inc. Class A Common Stock		 0.47 0.85% 56.08 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited		 0.10 1.78% 6.00 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

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Profile

Array Technologies, Inc. manufactures and sells solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. The company operates through two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.

Array Technologies Inc

3901 Midway Place NE, Albuquerque, NM, United States, 87109

Key Executives

Name Title Year Born
Mr. Nipul A. Patel Chief Financial Officer 1971
Mr. Tyson K. Hottinger Chief Legal Officer & Gen. Counsel NA
Mr. Kevin G. Hostetler CEO & Director 1968
Mr. Thierry Marin-Martinod Chief Technology Officer NA
Cody Mueller VP of Fin. & Investor Relations NA
Mr. Terrance L. Collins Chief HR Officer 1965
Ms. Erica Brinker Chief Commercial Officer and Head of Environmental, Social & Governance NA
Mr. Travis Rose Chief Revenue Officer NA
Mr. Kurt R. Wood Chief Financial Officer 1975
Mr. Neil Manning Chief Operating Officer 1971

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