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ARRY.O — NASDAQ Electrical Equipment

Arry.O

$5,54

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Last 30 days

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Mcap

845,1M USD

P/E

—

EV / Rev

—

Div yield

—

Op margin

-2,3 %

ROE

25,3 %

Net margin

-4,1 %

Debt / equity

-3,19

Beta

—

52w range

—

Volume

Day range

—

Prev close

$5,68

Open

$5,25

Next earnings

—

Ex-dividend

—

TR 1Y

—

About

Array Technologies Inc operates in the Electrical Equipment industry within the Industrials sector, generating revenue through its core business activities.

Business. Array Technologies Inc operates in the Electrical Equipment industry within the Industrials sector, generating revenue through its core business activities.

Classification85 %

SectorIndustrials

Industry groupElectrical Equipment

Generated · model-assisted

Sell-side consensus

BUY25 analysts

14 buy11 hold0 sell

Avg 12m price target9,96

Analyst recommendations

25 analysts · consensus Buy

Buy14

Hold11

Sell0

12-month price target

9,96

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

25 analysts · indicative

Ownership→

Invesco QQQ Trust

largest disclosed fund holder

Profitability→

25,3 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning ARRY.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to ARRY.O. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Peers
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · ROCK.O (ROCK)
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Array Technologies Inc operates in the Electrical Equipment industry within the Industrials sector, generating revenue through its core business activities.

Classification85 %

SectorIndustrials

Industry groupElectrical Equipment

AI synthesis

GENERATED

Array Technologies Inc presents a capital structure characterized by negative total equity of -206.3 million USD and significant long-term debt of 658.7 million USD. The debt-to-equity ratio stands at -3.19, reflecting the negative equity position. Despite this leverage, the company maintains a current liquidity buffer with 244.4 million USD in cash and equivalents. Operating cash flow is positive at 101.8 million USD, which exceeds capital expenditures of 21.9 million USD, indicating positive free cash flow generation. However, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt.

Profitability metrics show a gross profit of 298.6 million USD on revenue of 1.28 billion USD, resulting in a gross margin of approximately 23.2%. The company reports an operating loss of -29.0 million USD and a net income loss of -52.2 million USD. Return on assets is negative at -3.6%, while return on equity is reported as 25.3%, a figure distorted by the negative equity base. The enterprise value to EBITDA ratio is negative at -43.43, consistent with the operating loss.

Segment and geographic revenue mix data is not available in the provided input. The analysis relies on consolidated financial figures.

Historical period data for revenue and net income trends is not available in the provided input. The current financial snapshot shows revenue of 1.28 billion USD.

Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt. The company has 152.5 million shares outstanding, with no difference between basic and diluted shares, suggesting minimal immediate dilution from options or warrants.

Recent news events indicate a reconciler enqueue process for analysis jobs, with no specific operational news disclosed. Analyst estimates show a mean price target of 9.96 USD and a median of 10.00 USD, with a mean recommendation of 2.24. There are 5 strong buy and 9 buy ratings, compared to 11 hold ratings.

Key takeaways

The company generates positive operating cash flow of 101.8 million USD, covering capital expenditures of 21.9 million USD.
Negative total equity of -206.3 million USD results in a negative debt-to-equity ratio of -3.19.
Gross profit of 298.6 million USD contrasts with an operating loss of -29.0 million USD.
Analyst sentiment is moderately positive with a mean recommendation of 2.24 and a median price target of 10.00 USD.
Liquidity risk is assessed as medium due to negative net cash after debt subtraction.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

$5,54

Market cap

$845.1M

Enterprise valueⓘ

$1.26B

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

12.4x

P / Bⓘ

3.2x

P / Tangible bookⓘ

3.2x

Tangible book

$260.4M

Net cashⓘ

-$414.3M

Current ratioⓘ

—

Debt / equityⓘ

-3.2

ROAⓘ

-3.6%

ROEⓘ

25.3%

Cash conversionⓘ

-195.0%

CapEx / revenueⓘ

1.7%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

Business relationships10 disclosed relationships · 3 types · extracted from filings & disclosures

Customers2

ANON:CUST:ARRY.O:P12.2ANON:CUST:ARRY.O:P12.2Customer88%Source ↗

ANON:CUST:ARRY.O:P13.7ANON:CUST:ARRY.O:P13.7Customer88%Source ↗

Subsidiaries7

EX21:04fc6a259b66EX21:04fc6a259b66Subsidiarie97%

EX21:429c88563137EX21:429c88563137Subsidiarie97%

EX21:694af612b365EX21:694af612b365Subsidiarie97%

EX21:9b7a2aa3478aEX21:9b7a2aa3478aSubsidiarie97%

EX21:e146e65be885EX21:e146e65be885Subsidiarie97%

EX21:f32ca4ef3653EX21:f32ca4ef3653Subsidiarie97%

EX21:fbd361846354EX21:fbd361846354Subsidiarie97%

Competitors1

Gibraltar Industries IncROCK.OCompetitor95%Source ↗

Supply chain

Vendors → ARRY ↔ Partners → Customers · click any node to drill

2 mentions in 10-K0 from corporate websites0 from news dispatches

Updated 2026-07-04

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	0,73
Revenue	—no estimate	—no estimate	1,5B USD
Operating income	—no estimate	—no estimate	140,7M USD

Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Corporate eventM&A horizon

M&A probabilityconf 5 %

Probability

5 %

Base rate

3 %

Band

—

180-day horizon · target 2027-01-23 · 1,8× base rate

No acquirer candidates identified by the signal model.

Probabilistic model output — not investment advice. · generated 2026-07-27

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution23 analysts

Strong buy4

Buy7

Hold12

Sell0

Strong sell0

12-month price target$10,00 · Median $10,00

Low $6,00High $16,00

Operating income · consensus140,7M USD

EPS surprise

−8,7 %

reported vs consensus · miss

Revenue surprise

−12,2 %

reported vs consensus · miss

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

Low$7,00

Mean$9,96

Median$10,00

High$16,00

Spot$5,54

+79.8 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin-2,3 %Below median

Net Margin-4,1 %Below median

ROE25,3 %Above median

Capex / Rev1,7 %Above median

D/E-3,19Best in class

Cash Conv-1,95Bottom quartile

Corporate actions / M&A

M&A probabilityconf —

Probability

5 %

Base rate

3 %

Band

Moderate

180-day horizon · target 2027-01-23 · 1,8× base rate

No acquirer candidates identified by the signal model.

Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

Derivative transactions

Net acquired 165 910 sh20 exercises · 14 grants14 insiders

Murff CarolyneDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Schmid GerrardDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
Schmid GerrardDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Jokinen Tracy CDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
Jokinen Tracy CDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Iyengar JayanthiDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
Iyengar JayanthiDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Forth John BradfordDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
Forth John BradfordDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Cohen Emily RachelDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
ASHFORD ORLANDO DDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
ASHFORD ORLANDO DDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Alstead TroyDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 22 164exercise · 2026-05-19
Alstead TroyDirector · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 22 641grant · 2026-05-19
Gunning Gina KChief Legal Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 21 886exercise · 2026-03-18
Collins Terrance LChief Human Resources Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 20 391exercise · 2026-03-18
Zhu JamesChief Accounting Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 12 234exercise · 2026-03-18
Jennings H. KeithChief Financial Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 40 782exercise · 2026-03-18
Hostetler Kevin G.Director, Chief Executive Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 125 067exercise · 2026-03-18
Manning NeilPresident & COO · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 20 391exercise · 2026-03-18
Hostetler Kevin G.Director, Chief Executive Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 35 150exercise · 2026-03-17
Manning NeilPresident & COO · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 4 882exercise · 2026-03-17
Collins Terrance LChief Human Resources Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 6 152exercise · 2026-03-17
Gunning Gina KChief Legal Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareAcquired 44 328grant · 2026-03-12
Zhu JamesChief Accounting Officer · Restricted Stock Units → Common Stock, par value $0.001 per shareDisposed 6 163exercise · 2026-03-12

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Reference data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Cash Conversion Ratio
operating_cash_flow / net_income
Market Price
input from market-data provider (delayed close or quote-shim mid)
Ev To Revenue
enterprise_value / revenue
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Return On Equity
net_income / total_equity
Market Cap
market_price * shares_outstanding_diluted

Source documents

Array Technologies, Inc. Market data — financials · 2026-08-04
reconciler_enqueue (reconciler) on ARRY.O · 2026-08-04
Array Technologies Inc Market data — analyst estimates · 2026-08-04
ARRY.O HA canonical relationships · 2026-08-04

Ownership & reference

Top holders

Invesco QQQ TrustFunds · as of 2026-03-310,01 %$54M
Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,01 %$42M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$51M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$20M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$145M
Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$29M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$2M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$9M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$8M
Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$10M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$10M
Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$4M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$2M
Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$4M
T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,00 %$0M
AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$1M
American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$1M
JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$1M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$1M
LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$1M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$5M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$1M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,00 %$0M
Victory Capital Management Inc.Investment Managers · as of 2026-03-310,00 %$0M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$3M
FMR LLCInstitutional Investor · as of 2026-03-310,00 %$1M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M

Insider activity

Mixed / flat0 buys · 0 sellsnet $012 insiders · last 365d

Iyengar JayanthiDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
Schmid GerrardDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
Jokinen Tracy CDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
Forth John BradfordDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
ASHFORD ORLANDO DDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
Alstead TroyDirector · Common Stock, par value $0.001 per shareOther 22 164 · 2026-05-19
Manning NeilPresident & COO · Common Stock, par value $0.001 per shareOther 5 475 @ $6,86$38K · 2026-03-18
Zhu JamesChief Accounting Officer · Common Stock, par value $0.001 per shareOther 12 234 · 2026-03-18
Zhu JamesChief Accounting Officer · Common Stock, par value $0.001 per shareOther 3 285 @ $6,86$23K · 2026-03-18
Gunning Gina KChief Legal Officer · Common Stock, par value $0.001 per shareOther 21 886 · 2026-03-18
Gunning Gina KChief Legal Officer · Common Stock, par value $0.001 per shareOther 5 877 @ $6,86$40K · 2026-03-18
Collins Terrance LChief Human Resources Officer · Common Stock, par value $0.001 per shareOther 20 391 · 2026-03-18
Collins Terrance LChief Human Resources Officer · Common Stock, par value $0.001 per shareOther 5 577 @ $6,86$38K · 2026-03-18
Manning NeilPresident & COO · Common Stock, par value $0.001 per shareOther 20 391 · 2026-03-18
Hostetler Kevin G.Director, Chief Executive Officer · Common Stock, par value $0.001 per shareOther 52 341 @ $6,86$359K · 2026-03-18
Hostetler Kevin G.Director, Chief Executive Officer · Common Stock, par value $0.001 per shareOther 125 067 · 2026-03-18
Jennings H. KeithChief Financial Officer · Common Stock, par value $0.001 per shareOther 11 614 @ $6,86$80K · 2026-03-18
Jennings H. KeithChief Financial Officer · Common Stock, par value $0.001 per shareOther 40 782 · 2026-03-18
Collins Terrance LChief Human Resources Officer · Common Stock, par value $0.001 per shareOther 6 152 · 2026-03-17
Hostetler Kevin G.Director, Chief Executive Officer · Common Stock, par value $0.001 per shareOther 14 711 @ $6,99$103K · 2026-03-17
Manning NeilPresident & COO · Common Stock, par value $0.001 per shareOther 4 882 · 2026-03-17
Collins Terrance LChief Human Resources Officer · Common Stock, par value $0.001 per shareOther 1 683 @ $6,99$12K · 2026-03-17
Manning NeilPresident & COO · Common Stock, par value $0.001 per shareOther 1 311 @ $6,99$9K · 2026-03-17
Hostetler Kevin G.Director, Chief Executive Officer · Common Stock, par value $0.001 per shareOther 35 150 · 2026-03-17
Collins Terrance LChief Human Resources Officer · Common Stock, par value $0.001 per shareOther 8 628 · 2026-03-12

Short positioning

30.8Mshares short+5.4% vs prior

5.46days to cover

71.9%short of daily vol

210fails-to-deliver

as of 2026-07-15 · short-interest report (free)

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

ARRY.OCanonical

NASDAQ · USD

Intel & risk

PredictorM&A prob5 %Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Relationship graph

This companyPeerSectorCustomersSubsidiaries

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Reference data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Derivative transactions

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread