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Home CompaniesArray Technologies Inc

Array Technologies Inc

Technology Solar
PortfolioPortfolio WatchlistWatchlist
Company price
5.855 USD 0.56 ( 10.47%)
Last update at 2026-11-06T21:25:00Z
VOLUME
13836906
Market Cap
1172.32M

Momentum Score

…

Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. It operates through two segments, Array Legacy Operations and STI Operations. The company's 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.

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

Day Price Range
5.32
Low
5.98
High
52 Week Price Range
4.32
Low
12.23
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Array Technologies manufactures single-axis solar trackers and racking systems for ground-mounted utility-scale photovoltaic projects. Long-term growth may be supported by accelerating utility-scale solar installations and a need for cost-efficient, reliable trackers; investors may find the company attractive because it appears positioned to benefit from large renewable build-outs and product specialization.
Principal risks include intense competition from larger suppliers, project-timing and pricing pressure in a cyclical utility-scale market, exposure to policy or tariff changes, and supply-chain or execution issues that could compress margins or delay deliveries.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.30
Dividend Yield
-
Revenue TTM
1284.14M
Revenue Per Share
8.42
Gross Profit TTM
328.07M
Debt / Equity
2.94
ROE
-19.02%
Net Debt
521.80M
ROCE
-0.18%
Diluted EPS TTM
-0.73

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -29.22M -250.58M 177.16M -4.95M -61.12M
Net income -52.23M -240.39M 137.24M 4.43M -50.40M
Selling general administrative 198.61M 160.57M 159.53M 150.78M 80.97M
Gross profit 272.35M 297.68M 415.55M 227.28M 82.86M
Reconciled depreciation 47.29M 52.78M 67.34M 101.06M 25.95M
Ebit -1.89M -215.75M 221.39M -19.85M -25.65M
Ebitda 45.40M -162.97M 276.21M 81.21M 0.30M
Depreciation and amortization 47.29M 52.78M 54.83M 101.06M 25.95M
Non operating income net other - - - 46.69M -
Operating income 84.34M -227.00M 214.12M -18.13M -24.74M
Other operating expenses 1199.80M 1142.81M 1362.43M 1660.19M 875.36M
Interest expense 27.33M 34.83M 44.23M 33.51M 35.48M
Tax provision 23.02M -10.18M 53.31M -9.38M -10.72M
Interest income 11.85M 16.78M 8.33M 3.18M 0.21M
Net interest income -15.48M -18.05M -41.32M -33.51M -35.48M
Income tax expense 23.02M -10.18M 39.92M -9.38M -10.72M
Total revenue 1284.14M 915.81M 1576.55M 1637.55M 853.32M
Total operating expenses 188.01M 524.68M 201.43M 249.92M 104.90M
Cost of revenue 1011.79M 618.13M 1161.00M 1410.27M 770.46M
Total other income expense net -113.56M -23.57M -36.97M 13.18M -36.38M
Net income from continuing ops -52.23M -240.39M 108.90M 4.43M -50.40M
Net income applicable to common shares - - - -43.62M -66.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1451.79M 1426.00M 1706.74M 1706.05M 1142.98M
Intangible assets 238.58M 181.41M 350.40M 386.36M 174.75M
Other current assets 202.70M 159.08M 89.08M 39.43M 33.65M
Total liab 1191.40M 1137.16M 1096.23M 1282.20M 974.72M
Total stockholder equity 260.39M 288.83M 610.51M 423.85M 168.26M
Other current liab 81.92M 114.96M 122.49M 77.22M 43.52M
Common stock 0.15M - 0.15M 0.15M 0.14M
Capital stock 466.88M 407.08M 351.41M 299.72M 237.60M
Retained earnings -422.86M -370.62M -130.23M -267.47M -271.90M
Other liab - - - - 13.00M
Good will 135.17M 160.19M 435.59M 416.18M 69.73M
Other assets - - - - 12.53M
Cash 244.39M 362.99M 249.08M 133.90M 367.67M
Total current liabilities 377.01M 437.81M 335.69M 465.26M 245.31M
Current deferred revenue 128.43M 119.78M 66.49M 178.92M 99.58M
Net debt 521.80M 329.58M 458.56M 625.14M 353.60M
Short term debt 17.98M 30.71M 27.22M 38.69M 10.21M
Short long term debt 10.31M 30.71M 21.47M 38.69M 4.30M
Short long term debt total 766.19M 692.58M 707.64M 759.04M 721.26M
Other stockholder equity 226.85M -118.10M 344.52M 383.18M 202.56M
Property plant equipment - - - 23.17M 21.94M
Total current assets 869.04M 998.72M 832.28M 831.21M 852.03M
Net tangible assets - - - 423.85M -313.69M
Short term investments 1.00M - - - -
Net receivables 271.58M 275.84M 332.15M 424.71M 245.06M
Long term debt 658.66M 646.57M 660.95M 720.35M 711.06M
Inventory 150.37M 200.82M 161.96M 233.16M 205.65M
Accounts payable 143.99M 172.37M 119.50M 170.43M 92.00M
Accumulated other comprehensive income -10.48M -45.40M 44.81M 8.43M -9.01M
Common stock total equity - - - 0.15M -
Retained earnings total equity - - - -267.47M -
Non currrent assets other 15.82M 41.70M 18.63M 32.66M 26.43M
Non current assets total 582.75M 427.27M 874.46M 874.84M 290.95M
Capital lease obligations 97.21M 15.29M 48.05M 10.55M 5.91M
Long term debt total - - - 720.35M -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -1.00M -9.57M -15.55M -384.44M -15.33M
Change to liabilities - - - 12.94M -43.60M
Total cashflows from investing activities -187.89M - - -384.44M -15.33M
Net borrowings 9.52M - - -18.05M 280.10M
Total cash from financing activities -38.05M -11.84M -101.76M 8.44M 537.75M
Change to operating activities - - - - -11.87M
Net income -52.23M -240.39M 137.24M 4.43M -50.40M
Change in cash -118.16M 115.06M 115.18M -233.77M 259.23M
Begin period cash flow 364.14M 249.08M 133.90M 367.67M 108.44M
End period cash flow 245.98M 364.14M 249.08M 133.90M 367.67M
Total cash from operating activities 101.78M 153.98M 231.96M 141.49M -263.19M
Issuance of capital stock - 0.00M 0.00M 48.98M 345.63M
Depreciation 47.29M 52.78M 54.83M 101.06M 25.95M
Other cashflows from investing activities -187.89M 0.03M 0.17M -373.82M -11.97M
Dividends paid - 0.00M 0.00M 18.67M 8.05M
Change to inventory 52.85M 2.92M 66.74M 20.87M -88.18M
Change to account receivables 24.16M 37.31M 92.81M -76.98M -116.85M
Sale purchase of stock - - - 15.88M 764.34M
Other cashflows from financing activities -2.05M -3.18M -2.71M 165.46M -79.93M
Change to netincome - - - -19.35M 7.39M
Capital expenditures 21.97M 7.30M 16.99M 10.62M 3.36M
Change receivables - - - -76.98M -
Cash flows other operating - - - 91.67M -
Cash and cash equivalents changes - - - -234.50M -
Change in working capital -54.96M 26.64M 7.51M 42.06M -261.16M
Stock based compensation 15.57M 10.35M 14.54M 14.98M 13.76M
Other non cash items 158.50M 352.61M 26.70M 10.53M 18.77M
Free cash flow 79.81M 146.68M 214.97M 130.87M -266.54M

Peer Comparison*

Sector: Technology Industry: Solar

Stock Name
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		 0.56
10.47%		 5.86 - 11.68 0.91 5.03 1.70 48.17
FSLR
First Solar Inc		 5.38
2.75%		 201.14 13.14 11.49 3.84 2.17 3.54 8.58
NXT
Nextpower Inc.		 5.33
5.35%		 104.91 21.39 18.42 3.38 4.90 3.30 15.84
ENPH
Enphase Energy Inc		 -0.51
1.74%		 28.46 136.61 18.32 6.79 9.24 6.51 53.17
XISHY
Xinyi Solar Holdings Limited		 -
-%		 5.30 11.55 14.93 0.22 1.24 0.24 1.12

Profile*

Array Technologies Inc

Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. It operates through two segments, Array Legacy Operations and STI Operations. The company's 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.

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

505 881 7567

https://arraytechinc.com

1200

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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