We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Array Technologies (ARRY) Outperforming Other Oils-Energy Stocks This Year?
Read MoreHide Full Article
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Array Technologies, Inc. (ARRY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Array Technologies, Inc. is one of 237 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Array Technologies, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ARRY has gained about 8.6% so far this year. In comparison, Oils-Energy companies have returned an average of 8.3%. This means that Array Technologies, Inc. is performing better than its sector in terms of year-to-date returns.
Sunoco LP (SUN - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.3%.
The consensus estimate for Sunoco LP's current year EPS has increased 13.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Array Technologies, Inc. belongs to the Solar industry, a group that includes 14 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 32.6% so far this year, meaning that ARRY is slightly underperforming its industry in terms of year-to-date returns.
Sunoco LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 6-stock industry is ranked #26. The industry has moved +2.7% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Array Technologies, Inc. and Sunoco LP. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Array Technologies (ARRY) Outperforming Other Oils-Energy Stocks This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Array Technologies, Inc. (ARRY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Array Technologies, Inc. is one of 237 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Array Technologies, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ARRY has gained about 8.6% so far this year. In comparison, Oils-Energy companies have returned an average of 8.3%. This means that Array Technologies, Inc. is performing better than its sector in terms of year-to-date returns.
Sunoco LP (SUN - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.3%.
The consensus estimate for Sunoco LP's current year EPS has increased 13.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Array Technologies, Inc. belongs to the Solar industry, a group that includes 14 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 32.6% so far this year, meaning that ARRY is slightly underperforming its industry in terms of year-to-date returns.
Sunoco LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 6-stock industry is ranked #26. The industry has moved +2.7% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Array Technologies, Inc. and Sunoco LP. These stocks will be looking to continue their solid performance.