Array Technologies (ARRY) Stock Price

Array Technologies Price

NASDAQ·CLOSED
5.95USD-0.16 (-2.65 %)
Market closed

Revenue has compounded at 23.6% per year over the past 7 years to 1.28 B USD. Earnings per share have grown at 15.8% per year over the last 4 years. Array Technologies's net margin stands at -8.7%, broadly stable from -7.7% several years earlier. Analysts set a median price target of 11.22 USD, implying 88.6% above the current price. Of 32 analysts, 19 rate the stock a buy — an overall Buy consensus. Over the past year Array Technologies shares have lost 12.8%. The stock trades about 9% above its 52-week low.

Array Technologies stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Array Technologies over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Array Technologies stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Array Technologies's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Array Technologies Stock Price History
DateArray Technologies Price
7/20/20265.95 USD
7/17/20266.11 USD
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2/25/202611.00 USD
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7/31/20256.50 USD
7/30/20256.64 USD
7/29/20256.95 USD
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7/25/20256.91 USD
7/24/20256.68 USD
7/23/20256.95 USD
7/22/20257.06 USD
7/21/20256.82 USD
Access this data via the Eulerpool API

Array Technologies Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
1.58 B USD
214.12 M USD
85.55 M USD
Jan 1, 2024
915.81 M USD
100.90 M USD
-296.06 M USD
Jan 1, 2025
1.28 B USD
103.08 M USD
-112.03 M USD
Jan 1, 2026 (e)
1.48 B USD
144.80 M USD
110.62 M USD
Jan 1, 2027 (e)
1.60 B USD
178.01 M USD
136.20 M USD
Jan 1, 2028 (e)
1.68 B USD
199.70 M USD
151.83 M USD
Jan 1, 2029 (e)
1.72 B USD
160.14 M USD
158.59 M USD
Jan 1, 2030 (e)
1.73 B USD
132.60 M USD
129.01 M USD

Array Technologies Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 21, 2026, 2:18 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
201820192020202120222023202420252026e2027e2028e2029e2030e2031e
0.290.650.870.851.641.580.921.281.481.601.681.721.731.80
123.1034.78-2.1891.91-3.73-41.9440.3315.588.024.802.380.414.23
3.7923.1823.179.6113.8726.3332.4625.5525.5525.5525.5525.5525.5525.55
11.00150.00202.0082.00227.00415.00297.00328.00379.09409.49429.16439.38441.17459.81
-61.0083.0095.00-24.00-12.00214.00100.00103.00144.00178.00199.00160.00132.00
-21.0312.8310.89-2.81-0.7313.5810.938.029.7011.1011.859.307.64
-60.0039.0059.00-66.00-43.0085.00-296.00-112.00110.00136.00151.00158.00129.00
-165.0051.28-211.86-34.85-297.67-448.24-62.16-198.2123.6411.034.64-18.35
127.00127.00121.50130.00149.80152.02151.75152.54152.54152.54152.54152.54152.54152.54
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Array Technologies generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Array Technologies retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Array Technologies's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Array Technologies has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Array Technologies's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Array Technologies stock margins

The Array Technologies margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Array Technologies. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Array Technologies.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
9.72 %
-2.89 %
-7.75 %
Jan 1, 2022
13.88 %
-0.77 %
-2.66 %
Jan 1, 2023
26.36 %
13.58 %
5.43 %
Jan 1, 2024
32.50 %
11.02 %
-32.33 %
Jan 1, 2025
25.55 %
8.03 %
-8.72 %
Jan 1, 2026 (e)
25.55 %
9.75 %
7.45 %
Jan 1, 2027 (e)
25.55 %
11.10 %
8.50 %
Jan 1, 2028 (e)
25.55 %
11.88 %
9.03 %

Array Technologies Stock Revenue, EBIT, Earnings per Share

The Array Technologies earnings per share therefore indicates how much revenue Array Technologies has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
6.56 USD
-0.19 USD
-0.51 USD
Jan 1, 2022
10.93 USD
-0.08 USD
-0.29 USD
Jan 1, 2023
10.37 USD
1.41 USD
0.56 USD
Jan 1, 2024
6.03 USD
0.66 USD
-1.95 USD
Jan 1, 2025
8.42 USD
0.68 USD
-0.73 USD
Jan 1, 2026 (e)
9.74 USD
0.95 USD
0.73 USD
Jan 1, 2027 (e)
10.51 USD
1.17 USD
0.89 USD
Jan 1, 2028 (e)
11.02 USD
1.31 USD
1.00 USD

Array Technologies business model & stock analysis

Array Technologies Segments

Array Technologies Revenue by Segment

  • Max

Array U.S. Operations
STI Operations
Details
Date
Array U.S. Operations
STI Operations
Jan 1, 2023
1.17 B USD
403.72 M USD
Jan 1, 2024
661.63 M USD
254.18 M USD
Jan 1, 2025
1.07 B USD
213.66 M USD

Array Technologies Revenue by Region

  • 3 Years

  • Max

United States
Spain
Brazil
Australia
International
Remainder
Details
Date
United States
Spain
Brazil
Australia
International
Remainder
Jan 1, 2021
5.51 M USD
0.00 USD
0.00 USD
0.00 USD
21.17 M USD
0.00 USD
Jan 1, 2023
1.17 B USD
99.16 M USD
257.87 M USD
20.84 M USD
0.00 USD
32.52 M USD
Jan 1, 2024
643.48 M USD
83.74 M USD
135.10 M USD
8.71 M USD
0.00 USD
44.77 M USD
Jan 1, 2025
1.04 B USD
141.05 M USD
60.72 M USD
23.78 M USD
0.00 USD
17.23 M USD

Array Technologies Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Array Technologies historical P/E ratio, EBIT multiple, and P/S ratio

Array Technologies annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Array Technologies shares outstanding

The number of shares of Array Technologies was 152.54 M in 2025. This indicates how many shares Array Technologies is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
130.00 M Stocks
Jan 1, 2022
149.80 M Stocks
Jan 1, 2023
152.02 M Stocks
Jan 1, 2024
151.75 M Stocks
Jan 1, 2025
152.54 M Stocks
Jan 1, 2026 (e)
152.54 M Stocks
Jan 1, 2027 (e)
152.54 M Stocks
Jan 1, 2028 (e)
152.54 M Stocks

Current Array Technologies forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy59.38 % (19)
Hold37.50 % (12)
Sell3.13 % (1)
12M Price Target
11.22
Last Price
5.95
Currency
USD
12M Return Potential
88.57 %
LTM Return
0 %

Array Technologies Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/5/20260.12USD319.15 MUSD2026 Q2
5/6/2026-0.05USD205.77 MUSD2026 Q1
2/25/2026-0.01USD216.26 MUSD2025 Q4
8/7/20250.20USD296.26 MUSD2025 Q2
11/7/20240.14USD237.50 MUSD2024 Q3
11/8/20220.10USD405.34 MUSD2022 Q3

EESG©

Eulerpool ESG Scorecard© for the Array Technologies stock

42/100
18
Environment
56
Social
52
Governance
E

Environment

20
Scope 1 - Direct Emissions375
Scope 2 - Indirect emissions from purchased energy708
Scope 3 - Indirect emissions within the value chain1,077,875
Total CO₂ emissions1,083
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees29
Percentage of women in management
Percentage of Asian employees10
Share of Asian management12
Percentage of Hispanic/Latino employees31
Hispano/Latino Management share21
Percentage of Black employees6
Black Management Share4
Percentage of white employees40
White Management Share59
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Array Technologies shareholder structure

% Name
10.28702%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.45126%
Hill City Capital LP
Hill City Capital LP
7.50555%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
5.42789%
Grantham Mayo Van Otterloo & Co LLC
Grantham Mayo Van Otterloo & Co LLC
5.20023%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
5.17047%
BNP Paribas Asset Management UK Limited
BNP Paribas Asset Management UK Limited
...

Array Technologies Executives and Management Board

KH

Mr. Kevin Hostetler

(56)

Chief Executive Officer, Director · since 2022

Compensation8.87 M USD
NM

Mr. Neil Manning

(54)

President, Chief Operating Officer

Compensation1.81 M USD
TC

Mr. Terrance Collins

(56)

Chief Human Resources Officer

Compensation1.75 M USD
JZ

Mr. James Zhu

(63)

Chief Accounting Officer

Compensation1.62 M USD
BF

Mr. Bradford Forth

(60)

Independent Chairman of the Board

Compensation360,000.00 USD

Array Technologies Supply Chain

Frequently asked questions about Array Technologies

Analysts currently set an average price target of 11.33 USD for the Array Technologies stock (median: 11.22 USD), implying +90.4 % versus the latest price. The consensus is based on 32 analyst ratings.