Array Technologies, Inc. closed slightly higher, with positive estimate revisions and upcoming earnings growth

From Nasdaq: 2025-03-14 18:15:07

Array Technologies, Inc. (ARRY) closed at $6.08, up 0.33%. Shares are down 8.32% in the past month. Anticipated earnings are $0.08 per share with revenue forecasted at $262.86 million. Analysts expect a rise in stock price performance due to positive estimate revisions. The company currently holds a Zacks Rank of #3 (Hold).

Investors are watching Array Technologies, Inc. closely for upcoming earnings. The company is expected to report a 33.33% increase in EPS and a 71.36% growth in revenue compared to the previous year. Full-year estimates forecast earnings of $0.62 per share and revenue of $1.09 billion, showing positive changes from the previous year.

Array Technologies, Inc. is currently trading at a Forward P/E ratio of 9.84, higher than the industry average of 9.38. The company’s PEG ratio is 1.24, while the Solar industry’s average PEG ratio is 0.49. The Solar industry ranks 71 in the Zacks Industry Rank, in the top 29% of over 250 industries.

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Read more at Nasdaq: Array Technologies, Inc. (ARRY) Rises But Trails Market: What Investors Should Know