Array Technologies stock
ARRYNASDAQArray Technologies, Inc., EnergyISIN US04271T1007
34Score 34 out of 100, Weak
Price and trend
50 / 100
Price history
−44% in one yearThe chart shows daily closes over 6 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 22% below it.
Since April 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 70).
The price is 57% below its 52-week high. Largest decline in 6 years: 94% (January 2021 to October 2026).
Chart figures for advanced users
- SMA 50$4.07
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$6.68
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)70
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$3.15
- The lowest closing price of the last twelve months.
- Resistance$11.96
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Array Technologies, Inc. belongs to the Solar industry (United States) and, with a market value of $800.84M, is number 10 of 12 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.28B (up 40.2% year on year) and a loss of $52.24M.
- For fiscal 2026, analysts expect on average revenue of $1.42B (up 10.5%) and adjusted earnings per share of $0.72 (up 7.4%).
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- MEQIRI Score 34 out of 100 (Weak): rank 251 of 266 in Energy, median 60.
- Our model puts fair value at $14.43, with the price 64% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Analysts expect strong earnings growthUp 21.4% a year through 2028 (estimates from 9 analysts).
Weaknesses
- High debtDebt 2.56 times equity (latest quarter), Solar median 0.69.Stability 27
- Loss-makingLoss of $111.21M over the last 12 months.Fundamentals 28
- DilutionShare count up 20% since 2020.Capital allocation 14
Its standout strength is valuation, while profitability and capital allocation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamental quality fluctuates.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- price far below its 52-week high
- weak fundamentals
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $9.62 and expensive above $28.86 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 10.8%. At 11.8% the fair value would be $12.61, at 9.8% it would be $16.85.
Possible value trap: looks cheap, but score below 50, high risk, weak balance sheet.
Valuation metrics
From the cash-flow model alone; without earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 15.9% on the twelve months before. Revenue has grown strongly since 2018, at around 24% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 23%, operating 6%, net −4%. Last 12 months: net −10%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 24 Feb 2027in 104 days
- Last reported
- 4 Nov 2026EPS reported $0.06 (expected $0.10)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 3.1% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $0.72−3.1%
- Revenue
- $1.42B−1.3%
- Earnings per share
- $0.87−1.4%
- Revenue
- $1.61B−0.6%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −12.6%Gross margin raised to 27% to 28%, adjusted EBITDA of $210 million to $230 million and adjusted EPS of $0.68 to $0.75 with higher low ends; revenue guidance of $1.4 billion to $1.5 billion reaffirmed, but possibly below the midpoint.
“We now expect to deliver adjusted EBITDA in the range of $210 million to $230 million and adjusted EPS in the range of $0.68 to $0.75, driven by the adjusted gross margin expansion and continued focus on cost discipline.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 5 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Array Technologies
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 34
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Solar
The next larger and next smaller companies by market value
- Waaree EnergiesWAAREEENER.NS $7.68B67
- Enphase EnergyENPH $3.74B45
- SunrunRUN $2.19B43
- SMA Solar TechnologyS92.DE $1.86B36
- SolarEdge TechnologiesSEDG $1.65B26
- Shoals Technologies GroupSHLS $1.48B52
- Canadian SolarCSIQ $690.51M28
- 7C SolarparkenHRPK.DE $145.73M51
ETFs that hold Array Technologies
Held by 15 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| L&G Clean Energy UCITS ETFRENW | 2.00% | 0.49% | €622.43M |
| Invesco Solar Energy UCITS ETFS0LR | 1.93% | 0.69% | €138.27M |
| Invesco Global Clean Energy UCITS ETF AccumUSDG1CE | 1.02% | 0.60% | €87.44M |
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| iShares Global Clean Energy Transition UCITS ETFIQQH | 0.57% | 0.65% | €2.49B |
| Amundi MSCI New Energy UCITS ETF DistLYM9 | 0.10% | 0.60% | €956.11M |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.03% | 0.30% | €185.82M |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.03% | 0.30% | €2.17B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.02% | 0.30% | €4.22B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Aug 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.