0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

Array Technologies Inc

Technology US ARRY

6.33USD
-0.04(0.63%)

Last update at 2024-11-21T21:01:00Z

Day Range

6.226.59
LowHigh

52 Week Range

10.6026.64
LowHigh

Fundamentals

  • Previous Close 6.37
  • Market Cap2062.54M
  • Volume4371561
  • P/E Ratio35.76
  • Dividend Yield-%
  • EBITDA211.47M
  • Revenue TTM1353.18M
  • Revenue Per Share TTM8.95
  • Gross Profit TTM 227.28M
  • Diluted EPS TTM0.38

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 177.16M -4.95200M -61.12100M 77.78M 64.58M
Minority interest - - - - -
Net income 137.24M 4.43M -50.40300M 59.07M 39.74M
Selling general administrative 159.53M 150.78M 80.97M 55.63M 41.21M
Selling and marketing expenses - - - - -
Gross profit 376.62M 227.28M 82.86M 202.80M 150.76M
Reconciled depreciation 67.34M 101.06M 25.95M 27.47M 27.32M
Ebit 217.09M -19.85100M -22.95000M 119.35M 84.02M
Ebitda 271.91M 81.21M 3.00M 146.82M 111.33M
Depreciation and amortization 54.83M 101.06M 25.95M 27.47M 27.32M
Non operating income net other - 46.69M - -2.30500M -
Operating income 217.09M -18.13300M -24.74100M 95.21M 83.41M
Other operating expenses 1359.46M 1660.19M 875.36M 751.01M 563.85M
Interest expense 44.23M 33.51M 35.48M 15.13M 18.80M
Tax provision 53.31M -9.38400M -10.71800M 18.70M 24.83M
Interest income 8.33M 3.18M 0.21M - -
Net interest income -41.32000M -33.51300M -35.47500M -15.12900M -18.79700M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 39.92M -9.38400M -10.71800M 18.70M 24.83M
Total revenue 1576.55M 1637.55M 853.32M 872.66M 647.90M
Total operating expenses 159.53M 249.92M 104.90M 81.15M 66.71M
Cost of revenue 1199.93M 1410.27M 770.46M 669.86M 497.14M
Total other income expense net -39.93100M 51.20M -3.60100M -28.74600M -0.67300M
Discontinued operations - - - - -
Net income from continuing ops 108.90M 4.43M -50.40300M 59.07M 39.74M
Net income applicable to common shares - -43.62200M -66.11800M 59.07M 39.74M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1706.74M 1706.05M 1142.98M 656.02M 923.58M
Intangible assets 350.40M 386.36M 174.75M 198.26M 223.51M
Earning assets - - - - -
Other current assets 89.08M 39.43M 33.65M 12.42M 13.52M
Total liab 1096.23M 1282.20M 974.72M 736.92M 618.43M
Total stockholder equity 610.51M 423.85M 168.26M -80.89900M 305.15M
Deferred long term liab - - - 13.11M -
Other current liab 122.49M 77.22M 43.52M 49.98M 28.58M
Common stock 0.15M 0.15M 0.14M 0.13M 305.15M
Capital stock 351.41M 299.72M 237.60M 0.13M -
Retained earnings -130.23000M -267.47000M -271.90200M -221.49900M -
Other liab - - 13.00M 23.85M 27.81M
Good will 435.59M 416.18M 69.73M 69.73M 69.73M
Other assets - - 12.53M 3.09M -
Cash 249.08M 133.90M 367.67M 108.44M 310.26M
Cash and equivalents - - - - -
Total current liabilities 335.69M 465.26M 245.31M 289.10M 590.62M
Current deferred revenue 66.49M 178.92M 99.58M 149.82M 328.78M
Net debt 458.56M 625.14M 353.60M 319.84M -212.51300M
Short term debt 27.22M 38.69M 10.21M 4.31M 97.75M
Short long term debt 21.47M 38.69M 4.30M 4.31M 97.75M
Short long term debt total 707.64M 759.04M 721.26M 428.28M 97.75M
Other stockholder equity 344.52M 383.18M 202.56M 140.47M 311.74M
Property plant equipment - 23.17M 21.94M 9.77M 10.66M
Total current assets 832.28M 831.21M 852.03M 375.18M 619.68M
Long term investments - - - - -
Net tangible assets - 423.85M -313.68500M -348.88600M 11.91M
Short term investments - - - - -
Net receivables 332.15M 424.71M 245.06M 135.85M 96.88M
Long term debt 660.95M 720.35M 711.06M 423.97M -
Inventory 161.96M 233.16M 205.65M 118.46M 148.02M
Accounts payable 119.50M 170.43M 92.00M 84.99M 135.51M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 44.81M 8.43M -9.01100M - -6.59000M
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 18.63M 32.66M 26.43M 3.09M -
Deferred long term asset charges - - - - -
Non current assets total 874.46M 874.84M 290.95M 280.85M 303.90M
Capital lease obligations 48.05M 10.55M 5.91M - -
Long term debt total - 720.35M - 423.97M -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -15.54600M -384.43700M -15.33200M -1.33800M -1.69700M
Change to liabilities - 12.94M -43.60400M -229.47900M 412.48M
Total cashflows from investing activities - -384.43700M -15.33200M -1.33800M -1.69700M
Net borrowings - -18.04700M 280.10M 356.67M -64.07800M
Total cash from financing activities -101.76100M 8.44M 537.75M -129.27300M -63.94500M
Change to operating activities - - -11.87200M -12.98600M 0.25M
Net income 137.24M 4.43M -50.40300M 59.07M 39.74M
Change in cash 115.18M -233.76900M 259.23M -252.81600M 320.43M
Begin period cash flow 133.90M 367.67M 108.44M 361.26M 40.83M
End period cash flow 249.08M 133.90M 367.67M 108.44M 361.26M
Total cash from operating activities 231.96M 141.49M -263.18700M -122.20500M 386.07M
Issuance of capital stock 0.00000M 48.98M 345.63M 145.53M -
Depreciation 54.83M 101.06M 25.95M 27.47M 27.32M
Other cashflows from investing activities - -373.81800M - - -
Dividends paid 0.00000M 18.67M 8.05M 589.00M 8.05M
Change to inventory 66.74M 20.87M -88.18400M 28.34M -94.59400M
Change to account receivables 92.81M -76.98400M -116.84800M -23.03800M -40.70800M
Sale purchase of stock - 15.88M 764.34M 589.00M -
Other cashflows from financing activities -2.70900M 165.46M -79.92900M -56.47500M 0.13M
Change to netincome - -19.35000M 7.39M 34.70M 25.74M
Capital expenditures 16.99M 10.62M 3.36M 1.34M 1.70M
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 7.51M 42.06M -261.15600M -246.82300M 289.31M
Stock based compensation 14.54M 14.98M 13.76M 4.81M 0.80M
Other non cash items 26.70M 10.53M 18.77M 36.00M 6.58M
Free cash flow 214.97M 130.87M -266.54400M -123.54300M 384.38M

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
-0.04 0.63% 6.33 35.76 11.98 1.25 7.57 1.77 10.12
FSLR
First Solar Inc
-2.89 1.56% 181.95 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc
0.13 0.21% 63.51 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock
-0.5589 1.47% 37.40 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
-0.03 0.36% 8.34 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

Stock Research & News

Profile

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance energy production. 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

Disclaimer - This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.

We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to our Cookies Policy. For more information, read our Privacy Policy and Terms and Conditions