Is ARRY a good stock to buy right now?

Based on our 6-factor quantitative model, Array Technologies, Inc. (ARRY) receives a "Reduce" rating with a composite score of 33.7/100. It is ranked #3,610 out of 4,446 stocks. Key factor scores: Quality 30/100, Value 32/100, Momentum 41/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for ARRY?

Array Technologies, Inc. (ARRY) has a "Reduce" rating and 2-star score. The composite score of 33.7 ranks it #3,610 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is ARRY in?

Array Technologies, Inc. operates in the Industrials sector (Misc. industry) with a market cap of $1.15 billion. It is classified as a small-cap stock.

Does ARRY pay a dividend?

ARRY does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is ARRY's P/E ratio?

ARRY has a trailing P/E ratio of 9.29x. The Industrials sector average is 28.3x. This below-average P/E may indicate the stock is undervalued.

How profitable is ARRY?

ARRY's quality factor score is 30/100. Gross margin: 28.2%. ROE: 27.2% vs sector average 8.9%. Margins are moderate to low, reflecting competitive market dynamics.

How is ARRY valued compared to peers?

ARRY's value factor score is 32/100 (higher = cheaper). Key multiples: P/E 9.3x, EV/EBITDA 78.7x. Trading at a premium relative to peers.

What is ARRY's debt level?

ARRY's debt-to-equity ratio is 173%. Sector average: 70%. Elevated leverage increases credit risk.

ARRY has a beta of 1.47, meaning it amplifies market moves. Stability score: 28/100.

Does ARRY have high short interest?

ARRY's short interest factor score is 45/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

ARRY Stock Analysis: Top Small-Cap Reduce (Score 33.7/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
ARRY	-0.69%	-2.45%	+1.27%	-22.34%	+72.53%	-	-	-
Industry Proxy XLI	-0.39%	+4.73%	+0.88%	+10.57%	+38.89%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-0.63%	-6.06%	+0.94%	-21.98%	+43.01%	-	-	-
Alpha vs Sector	-0.30%	-7.18%	+0.39%	-32.92%	+33.64%	-	-	-

Metric	ARRY	Benchmark
P/E Ratio	9.3x	-67%
EV/EBITDA	78.7x	+1282%
Price / Book	3.1x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
STNG Scorpio Tankers Inc.	64	43	96	73	-	93.3%	63.1%	53.8%	-	30.0x	$3.8B	VS
TNK TEEKAY TANKERS LTD.	62	50	97	71	6.4x	91.9%	67.0%	32.8%	-	0.0x	$2.5B	VS
TEN TSAKOS ENERGY NAVIGATION LTD	61	50	86	75	7.6x	42.1%	97.8%	22.6%	-	103.0x	$1.2B	VS
HAFN Hafnia Ltd	60	42	79	77	-	439.1%	48.5%	27.0%	-	0.0x	$3.8B	VS
TPH Tri Pointe Homes, Inc.	57	50	67	66	13.6x	8.8%	47.5%	7.9%	-26.0%	50.0x	$4.0B	VS
GLDD Great Lakes Dredge & Dock CORP	57	50	69	70	16.3x	13.5%	22.2%	8.1%	14.8%	73.0x	$1.1B	VS
SOBO South Bow Corp	57	39	79	66	22.0x	48.4%	82.3%	14.9%	-	219.0x	$6.8B	VS
IMPP Imperial Petroleum Inc./Marshall Islands	54	44	98	58	2.8x	47.7%	100.0%	34.0%	-19.7%	0.0x	$156M	VS
CCO Clear Channel Outdoor Holdings, Inc.	52	48	58	69	59.3x	-	53.4%	-0.3%	7.7%	-	$1.2B	VS
IMXI International Money Express, Inc.	52	50	73	52	11.6x	25.5%	0.0%	6.4%	-9.7%	221.0x	$476M	VS
ARRY Array Technologies, Inc.	34	30	32	41	9.3x	27.2%	28.2%	-8.8%	53.8%	173.0x	$1.2B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020	2019
Gross Margin %	0.3%	0.2%	0.3%	0.3%	0.1%	0.1%	0.2%	0.2%
Operating Margin %	-0.1%	-0.0%	-0.2%	0.1%	-0.0%	-0.0%	0.1%	0.1%
EBITDA Margin %	0.0%	-0.0%	-0.2%	0.2%	0.0%	-0.0%	0.1%	0.2%
Net Margin %	-0.1%	-0.0%	-0.3%	0.1%	0.0%	-0.1%	0.1%	0.1%
FCF Margin %	-8.9%	-	14.8%	-	-	-	-14.2%	59.3%
ROE %	23.2%	25.3%	203.6%	0.5%	0.0%	72.8%	-73.0%	-
ROA %	-0.0%	-0.0%	-0.2%	0.1%	0.0%	-0.0%	0.1%	0.0%
ROIC %	-4.2%	-	-90.9%	65.2%	-11.5%	-	30.3%	-

Key Ratio

TTM

2025

2024

2023

2022

2021

2020

2019

Gross Margin %

0.3%

0.2%

0.3%

0.1%

0.2%

Operating Margin %

-0.1%

-0.0%

-0.2%

0.1%

-0.0%

0.1%

EBITDA Margin %

0.0%

-0.0%

-0.2%

0.2%

0.0%

-0.0%

0.1%

0.2%

Net Margin %

-0.1%

-0.0%

-0.3%

0.1%

0.0%

-0.1%

0.1%

FCF Margin %

-8.9%

14.8%

-14.2%

59.3%

ROE %

23.2%

25.3%

203.6%

0.5%

0.0%

72.8%

-73.0%

ROA %

-0.0%

-0.2%

0.1%

0.0%

-0.0%

0.1%

0.0%

ROIC %

-4.2%

-90.9%

65.2%

-11.5%

30.3%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019
	$1.3B	$1.3B	$916M	$1.6B	$1.6B	$853M	$873M	$648M
	—	$986M	—	$1.2B	$1.4B	$770M	—	—
	$358M	$299M	$298M	$416M	$227M	$83M	$203M	$151M
Gross Margin	28.2%	23.3%	32.5%	26.4%	13.9%	9.7%	23.2%	23.3%
	—	$10M	—	—	—	—	—	—
Depreciation	—	$26M	$59M	$39M	$99M	$24M	$31M	$31M
Total Operating Expenses	—	$328M	—	$201M	$245M	$108M	—	—
	-$14M	-$29M	-$227M	$214M	-$18M	-$25M	$95M	$83M
EBIT	-$14M	-$29M	-$227M	$214M	-$18M	-$25M	$95M	$83M
EBITDA	$13M	-$3M	-$174M	$253M	$81M	-$811K	$124M	$115M
Operating Margin	-6.0%	-2.3%	-24.8%	13.6%	-1.1%	-2.9%	10.9%	12.9%
EBITDA Margin	1.0%	-0.2%	-19.0%	16.1%	4.9%	-0.1%	14.2%	17.7%
	—	—	$35M	$44M	$34M	$35M	$15M	$19M
	—	-$29M	—	$177M	-$5M	-$61M	—	—
Income Tax Expense	—	$23M	-$10M	$40M	-$9M	-$11M	$19M	$25M
	-$48M	-$52M	-$240M	$137M	$4M	-$50M	$59M	$40M
Net Margin	-8.8%	-4.1%	-26.3%	8.7%	0.3%	-5.9%	6.8%	6.1%
	$-0.73	$-0.73	$-1.95	$0.57	$-0.29	$-0.51	$0.49	$0.33
Diluted EPS	$-0.73	$-0.73	$-1.95	$0.56	$-0.29	$-0.51	$0.49	$0.33
Weighted Avg Basic	—	153M	—	151M	150M	130M	—	—
Weighted Avg Diluted	—	153M	—	152M	150M	130M	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

$1.3B

$916M

$1.6B

$853M

$873M

$648M

—

$986M

—

$1.2B

$1.4B

$770M

—

$358M

$299M

$298M

$416M

$227M

$83M

$203M

$151M

Gross Margin

28.2%

23.3%

32.5%

26.4%

13.9%

9.7%

23.2%

23.3%

—

$10M

—

Depreciation

—

$26M

$59M

$39M

$99M

$24M

$31M

Total Operating Expenses

—

$328M

—

$201M

$245M

$108M

—

-$14M

-$29M

-$227M

$214M

-$18M

-$25M

$95M

$83M

EBIT

-$14M

-$29M

-$227M

$214M

-$18M

-$25M

$95M

$83M

EBITDA

$13M

-$3M

-$174M

$253M

$81M

-$811K

$124M

$115M

Operating Margin

-6.0%

-2.3%

-24.8%

13.6%

-1.1%

-2.9%

10.9%

12.9%

EBITDA Margin

1.0%

-0.2%

-19.0%

16.1%

4.9%

-0.1%

14.2%

17.7%

—

$35M

$44M

$34M

$35M

$15M

$19M

—

-$29M

—

$177M

-$5M

-$61M

—

Income Tax Expense

—

$23M

-$10M

$40M

-$9M

-$11M

$19M

$25M

-$48M

-$52M

-$240M

$137M

$4M

-$50M

$59M

$40M

Net Margin

-8.8%

-4.1%

-26.3%

8.7%

0.3%

-5.9%

6.8%

6.1%

$-0.73

$-1.95

$0.57

$-0.29

$-0.51

$0.49

$0.33

Diluted EPS

$-0.73

$-1.95

$0.56

$-0.29

$-0.51

$0.49

$0.33

Weighted Avg Basic

—

153M

—

151M

150M

130M

—

Weighted Avg Diluted

—

153M

—

152M

150M

130M

—

Array Technologies, Inc. (ARRY) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does Array Technologies, Inc. Do?

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. Array Technologies, Inc. (ARRY) is classified as a small-cap stock in the Industrials sector, specifically within the Misc. industry. The company is led by CEO Kevin G. Hostetler and employs approximately 470 people. With a market capitalization of $1.2B, ARRY is one of the notable companies in the Industrials sector.

Array Technologies, Inc. (ARRY) Stock Rating — Reduce (April 2026)

As of April 2026, Array Technologies, Inc. receives a Reduce rating with a composite score of 33.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.ARRY ranks #3,610 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Array Technologies, Inc. ranks #624 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

ARRY Stock Price and 52-Week Range

Array Technologies, Inc. (ARRY) currently trades at $7.25. The stock gained $0.04 (0.6%) in the most recent trading session. The 52-week high for ARRY is $12.23, which means the stock is currently trading -40.7% from its annual peak. The 52-week low is $3.76, putting the stock 92.8% above its annual trough. Recent trading volume was 2.4M shares, reflecting moderate market activity.

Is ARRY Overvalued or Undervalued? — Valuation Analysis

Array Technologies, Inc. (ARRY) carries a value factor score of 32/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 9.29x, compared to the Industrials sector average of 28.33x — a discount of 67%. The price-to-book ratio stands at 3.08x, versus the sector average of 2.23x. The price-to-sales ratio is 0.81x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, ARRY trades at 78.69x EV/EBITDA, versus 5.70x for the sector.

At current multiples, Array Technologies, Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Array Technologies, Inc. Profitability — ROE, Margins, and Quality Score

Array Technologies, Inc. (ARRY) earns a quality factor score of 30/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 27.2%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at -3.3% versus the sector average of 3.3%.

On a margin basis, Array Technologies, Inc. reports gross margins of 28.2%, compared to 35.8% for the sector. The operating margin is -6.0% (sector: 6.2%). Net profit margin stands at -8.8%, versus 3.9% for the average Industrials stock. Revenue growth is running at 53.8% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

ARRY Debt, Balance Sheet, and Financial Health

Array Technologies, Inc. has a debt-to-equity ratio of 173.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 2.31x, indicating strong short-term liquidity. Total debt on the balance sheet is $684M. Cash and equivalents stand at $222M.

ARRY has a beta of 1.47, meaning it is more volatile than the broader market — a $10,000 investment in ARRY would be expected to move 47.2% more than the S&P 500 on any given day. The stability factor score for Array Technologies, Inc. is 28/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Array Technologies, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Array Technologies, Inc. reported revenue of $1.29B and earnings per share (EPS) of $-0.73. Net income for the quarter was $-48M. Gross margin was 28.2%. Operating income came in at $-14M.

In FY 2025, Array Technologies, Inc. reported revenue of $1.28B and earnings per share (EPS) of $-0.73. Net income for the quarter was $-52M. Gross margin was 23.3%. Revenue grew 40.2% year-over-year compared to FY 2024. Operating income came in at $-29M.

In Q3 2025, Array Technologies, Inc. reported revenue of $393M and earnings per share (EPS) of $0.12. Net income for the quarter was $34M. Gross margin was 26.9%. Revenue grew 70.0% year-over-year compared to Q3 2024. Operating income came in at $45M.

In Q2 2025, Array Technologies, Inc. reported revenue of $362M and earnings per share (EPS) of $0.19. Net income for the quarter was $43M. Gross margin was 26.8%. Revenue grew 41.6% year-over-year compared to Q2 2024. Operating income came in at $46M.

Over the past 8 quarters, Array Technologies, Inc. has demonstrated a growth trajectory, with revenue expanding from $256M to $1.29B. Investors analyzing ARRY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

ARRY Dividend Yield and Income Analysis

Array Technologies, Inc. (ARRY) does not currently pay a dividend. This is common among smaller companies in the Misc. industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

ARRY Momentum and Technical Analysis Profile

Array Technologies, Inc. (ARRY) has a momentum factor score of 41/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 45/100 reflects moderate short selling activity.

ARRY vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Array Technologies, Inc. (ARRY) ranks #624 out of 752 stocks based on the Blank Capital composite score. This places ARRY in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing ARRY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ARRY vs S&P 500 (SPY) comparison to assess how Array Technologies, Inc. stacks up against the broader market across all factor dimensions.

ARRY Next Earnings Date

No upcoming earnings date has been announced for Array Technologies, Inc. (ARRY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy ARRY? — Investment Thesis Summary

The quantitative profile for Array Technologies, Inc. suggests caution. The quality score of 30/100 flags below-average profitability. The value score of 32/100 indicates premium valuation. High volatility (stability score 28/100) increases portfolio risk.

In summary, Array Technologies, Inc. (ARRY) earns a Reduce rating with a composite score of 33.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ARRY stock.

Related Resources for ARRY Investors

Explore more research and tools: ARRY vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ARRY head-to-head with peers: ARRY vs SOBO, ARRY vs TEN, ARRY vs GLDD.

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Array Technologies, Inc. (ARRY) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does Array Technologies, Inc. Do?

Array Technologies, Inc. (ARRY) Stock Rating — Reduce (April 2026)

ARRY Stock Price and 52-Week Range

Is ARRY Overvalued or Undervalued? — Valuation Analysis

Array Technologies, Inc. Profitability — ROE, Margins, and Quality Score

ARRY Debt, Balance Sheet, and Financial Health

Array Technologies, Inc. Revenue and Earnings History — Quarterly Trend

ARRY Dividend Yield and Income Analysis

ARRY Momentum and Technical Analysis Profile

ARRY vs Competitors — Industrials Sector Ranking and Peer Comparison

ARRY Next Earnings Date

Should You Buy ARRY? — Investment Thesis Summary

Related Resources for ARRY Investors

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Institutional Benchmarks

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Susquehanna Maintains Neutral on Array Technologies, Lowers Price Target to $8

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Barclays Maintains Equal-Weight on Array Technologies, Lowers Price Target to $8

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