Array Technologies, Inc. (ARRY) Stock Price & Analysis
Array Technologies, Inc. (ARRY) closed at USD 3.3 on Thursday, October 22, 2026, down 3.23% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.41; the Oct 22, 2026 session ranged USD 3.23–3.35 on volume of 6,842,805 shares. Market capitalization is $507.63M, with a 52-week range of USD 3.2–12.23 (NGM). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ARRY.md
Key facts (ARRY)
- Last four reported quarters (through Jun 30, 2026): revenue $1.19B, net income -$85.9M (-7.2% margin), free cash flow $135M (SEC filings).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (24 analysts), mean target USD 7.26 (range 4–13).
- Total return with dividends: 1Y -63.1% vs S&P 500 +14.9%; 5Y -81.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.09, revenue estimate $324M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ARRY)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $853M | $1.64B | $1.58B | $916M | $1.28B | $1.19B |
| Gross profit | $68.3M | $213M | $416M | $298M | $299M | — |
| Operating income | -$24.7M | -$18.1M | $214M | -$227M | -$29.0M | -$60.8M |
| Net income | -$50.4M | $4.4M | $137M | -$240M | -$52.2M | -$85.9M |
| EPS (diluted) | -$0.51 | -$0.29 | $0.56 | -$1.95 | -$0.73 | — |
| Free cash flow | -$267M | $131M | $215M | $147M | $79.8M | $135M |
| Gross margin | 8.0% | 13.0% | 26.4% | 32.5% | 23.2% | — |
| Operating margin | -2.9% | -1.1% | 13.6% | -24.8% | -2.3% | -5.1% |
| Net margin | -5.9% | 0.3% | 8.7% | -26.2% | -4.1% | -7.2% |
| Revenue growth | -2.2% | +91.9% | -3.7% | -41.9% | +40.2% | — |
| Cash + short-term investments | $368M | $134M | $249M | $363M | $244M | — |
| Total debt | $715M | $759M | $682M | $677M | $669M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ARRY)
P/S 0.4x · EV/Sales 0.7x · P/FCF 3.8x · FCF yield 26.54% · Earnings yield -16.92% · Net debt $350M · EV $858M
P/E at fiscal year-ends: Dec 2023 18.6x.
Analysts (ARRY)
Consensus Hold (mean 2.50 on a 1–5 scale), 24 analysts; mean target USD 7.26 (low 4, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | BMO Capital | Target lowered | Market Perform | $7 → $6 |
| 2026-10-19 | JP Morgan | Target lowered | Neutral | $8 → $7 |
| 2026-10-15 | Mizuho | Upgrade | Neutral → Outperform | $7 → $5 |
| 2026-10-14 | Morgan Stanley | Target lowered | Equal-Weight | $8 → $6 |
| 2026-10-14 | Susquehanna | Target lowered | Neutral | $6.75 → $4 |
| 2026-10-13 | Barclays | Target lowered | Equal-Weight | $8 → $4 |
| 2026-09-30 | Piper Sandler | Target lowered | Neutral | $5 → $4 |
| 2026-09-18 | UBS | Downgrade | Buy → Neutral | $10 → $5 |
| 2026-09-09 | Piper Sandler | Initiated | Neutral | $5 |
| 2026-08-06 | UBS | Target lowered | Buy | $11 → $10 |
| 2026-08-06 | Susquehanna | Target lowered | Neutral | $7.25 → $6.75 |
| 2026-07-21 | JP Morgan | Downgrade | Overweight → Neutral | $8 |
Total return (dividends reinvested) (ARRY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -63.1% | -81.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -63.3% | -28.6% |
| Volatility (annualized) | 78.4% | 78.5% |
| Max drawdown | -72.7% (Feb 2026→Oct 2026) | -87.6% (Nov 2021→Oct 2026) |
ARRY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.09 | $0.29 | -68.6% | $323.6M | 20 |
| Next quarter (ends Dec 2026) | $0.36 | $0.26 | +39.3% | $545.2M | 16 |
| Current fiscal year (ends Dec 2026) | $0.75 | $0.73 | +3.0% | $1.44B | 14 |
| Next fiscal year (ends Dec 2027) | $0.93 | $0.91 | +2.5% | $1.63B | 15 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 3.3 |
|---|---|
| Change | ▼ 3.23% (down) |
| Previous Close | USD 3.41 |
| Open | USD 3.32 |
| Day Range | USD 3.23 – 3.35 |
| 52-Week Range | USD 3.2 – 12.23 |
| Volume | 6,842,805 shares |
| Market Cap | $507.63M |
| Exchange | NGM |
Technical Analysis (ARRY)
Nexqual's technical model rates ARRY "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 33.51 (neutral) |
| vs SMA50 | Below (USD 4.19) |
| MACD | -0.27 (negative) |
Analyst Ratings (ARRY)
Wall Street analysts rate ARRY "Hold" based on 24 analysts, with a mean price target of USD 7.26 (range USD 4–13), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 7.26 |
| High Target | USD 13 |
| Low Target | USD 4 |
| Buy / Hold / Sell | 11 / 13 / 0 |
Earnings (ARRY)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.09 |
| Revenue Estimate | $323.60M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.24 vs est 0.12 ▲ beat |
| 2026-03-31 | USD 0.06 vs est -0.05 ▲ beat |
| 2025-12-31 | USD -0.01 vs est 0 ▼ miss |
| 2025-09-30 | USD 0.3 vs est 0.2 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (ARRY)
| Total Revenue | $1.19B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -5.60% |
| Gross Margin | +26.76% |
| Operating Margin | +10.88% |
| Profit Margin | -7.25% |
| ROE | -25.98% |
| Debt / Equity | 2.54 |
| Current Ratio | 2.2 |
| Total Cash | $307.30M |
| Total Debt | $752.89M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $134.73M (11.4% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (ARRY)
Nexqual rates Array Technologies, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Strong — Revenue +40% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 27%, operating 11% (last 12 months) |
| Balance Sheet | Weak — $307M cash and investments vs $658M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $135M (last 4 quarters to Jun 2026, SEC), 11% margin |
| Efficiency | Critical — ROE -26%, ROA 3.3% |
Ownership (ARRY)
| Insider Ownership | +0.79% |
|---|---|
| Institutional Ownership | +147.68% |
| Shares Outstanding | 153.83M |
| Float | 139.87M |
| Short % of Float | +31.44% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (ARRY)
Array Technologies, Inc. is led by Kevin G. Hostetler, CEO & Director, per Nexqual as of October 23, 2026 at 10:12 UTC.
| CEO & Director | Kevin G. Hostetler |
|---|---|
| COO & President | Neil Manning |
| Chief Financial Officer | H. Keith Jennings B.Com., C.A. |
| Chief Strategy & Technology Officer | Aaron Gabelnick |
| Global Chief Revenue Officer | Darin Green |
Major Backers & Investors (ARRY)
Notable institutional backers of Array Technologies, Inc. include Hill City Capital, Lp, Grantham, Mayo, Van Otterloo & Co. LLC, UBS Group AG, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Hill City Capital, Lp | 8.37% |
| Grantham, Mayo, Van Otterloo & Co. LLC | 7.72% |
| UBS Group AG | 7.45% |
| First Trust Advisors LP | 6.71% |
| BNP Paribas Asset Management Holding S.A. | 6.22% |
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 5.92% |
| Price (T.Rowe) Associates Inc | 5.61% |
| Invesco | 4.83% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 18.99% |
| Vanguard Group | 9.61% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JKS | JinkoSolar Holding Company Limi | USD 8.14 | ▲ 0.12% |
| CSIQ | Canadian Solar Inc. | USD 9.22 | ▼ 6.21% |
| SHLS | Shoals Technologies Group, Inc. | USD 7.73 | ▼ 2.83% |
| RUN | Sunrun Inc. | USD 7.7 | ▲ 1.05% |
| SEDG | SolarEdge Technologies, Inc. | USD 32.94 | ▼ 0.75% |
| ENPH | Enphase Energy, Inc. | USD 31.35 | ▼ 2% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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