19-Apr-2024
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Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call
Globe Newswire (Thu, 18-Apr 4:05 PM ET)
Array Technologies Launches Hail Alert Response
Globe Newswire (Tue, 26-Mar 9:00 AM ET)
Globe Newswire (Thu, 22-Feb 6:18 PM ET)
Globe Newswire (Tue, 6-Feb 4:05 PM ET)
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.
Array Technologies trades on the NASDAQ stock market under the symbol ARRY.
As of April 19, 2024, ARRY stock price climbed to $11.27 with 7,818,960 million shares trading.
ARRY has a beta of 2.28, meaning it tends to be more sensitive to market movements. ARRY has a correlation of 0.16 to the broad based SPY ETF.
ARRY has a market cap of $1.71 billion. This is considered a Small Cap stock.
Last quarter Array Technologies reported $342 million in Revenue and $.21 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.10.
In the last 3 years, ARRY stock traded as high as $31.00 and as low as $5.45.
The top ETF exchange traded funds that ARRY belongs to (by Net Assets): VTI, VB, IWM, TAN, VXF.
ARRY has underperformed the market in the last year with a price return of -46.4% while the SPY ETF gained +21.2%. ARRY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.2% and -18.3%, respectively, while the SPY returned +3.0% and -4.5%, respectively.
ARRY support price is $10.53 and resistance is $11.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARRY stock will trade within this expected range on the day.