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Array Technologies (ARRY)

(Delayed Data from NSDQ)

$11.53 USD

11.53
1,574,558

+0.26 (2.31%)

Updated Apr 22, 2024 11:56 AM ET

After-Market: $11.68 +0.15 (1.30%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 38% (155 out of 250)

Industry: Solar

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Balance Sheet

Research for ARRY

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Array Technologies, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 249 134 368 108 361
Receivables 332 425 245 136 97
Notes Receivable 0 0 0 0 0
Inventories 162 233 206 118 148
Other Current Assets 89 39 34 12 14
Total Current Assets 832 831 852 375 620
Net Property & Equipment 32 23 11 10 11
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 16 16 9 0 0
Intangibles 786 803 244 268 293
Deposits & Other Assets 41 33 26 3 0
Total Assets 1,707 1,706 1,143 656 924
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 120 170 92 85 136
Current Portion Long-Term Debt 21 39 4 4 98
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 73 59 42 32 20
Income Taxes Payable 6 7 0 9 2
Other Current Liabilities 116 191 107 159 335
Total Current Liabilities 336 465 245 289 591
Mortgages 0 0 0 0 0
Deferred Taxes/Income 67 73 0 13 16
Convertible Debt 0 0 0 0 0
Long-Term Debt 661 720 711 424 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 33 24 18 11 317
Minority Interest (Liabilities) 351 300 237 0 0
Total Liabilities 1,447 1,582 1,212 737 924
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 345 383 203 140 0
Retained Earnings -130 -267 -272 -222 0
Other Equity 45 8 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 259 124 -69 -81 0
Total Liabilities & Shareholder's Equity 1,707 1,706 1,143 656 924
Total Common Equity 259 124 -69 -81 0
Shares Outstanding 151.20 150.40 135.00 126.90 NA
Book Value Per Share 1.71 0.83 -0.51 -0.64 0.00

Fiscal Year End for Array Technologies, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 249 174 156 148
Receivables NA 332 428 503 418
Notes Receivable NA 0 0 0 0
Inventories NA 162 216 207 255
Other Current Assets NA 89 45 43 46
Total Current Assets NA 832 863 908 867
Net Property & Equipment NA 32 30 31 26
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 16 0 0 0
Intangibles NA 786 780 817 808
Deposits & Other Assets NA 41 106 97 94
Total Assets NA 1,707 1,779 1,853 1,794
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 120 172 189 201
Current Portion Long-Term Debt NA 21 39 37 34
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 73 75 63 60
Income Taxes Payable NA 6 6 17 12
Other Current Liabilities NA 116 109 129 164
Total Current Liabilities NA 336 401 435 471
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 67 70 75 73
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 661 659 702 706
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 33 28 25
Minority Interest (Liabilities) NA 351 338 325 312
Total Liabilities NA 1,447 1,500 1,565 1,587
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 345 408 418 426
Retained Earnings NA -130 -153 -177 -241
Other Equity NA 45 24 46 22
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 259 278 287 207
Total Liabilities & Shareholder's Equity NA 1,707 1,779 1,853 1,794
Total Common Equity 0 259 278 287 207
Shares Outstanding 151.20 151.20 151.00 150.80 150.80
Book Value Per Share 0.00 1.71 1.84 1.91 1.37