# Array Technologies share price today (Array Technologies, Inc., ARRY)

> Array Technologies, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ARRY · Technology · Solar · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/arry

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## Key numbers

- Price: $4.64 (−46.4% in a year)
- Revenue (Jun 2026): $342 M (−5.6% on a year ago)
- Profit (Jun 2026): $8.4 M (−70.4% on a year ago)
- Operating margin: 10.9% (−1.9 points on a year ago)
- ROE: −43%, FY25
- ROIC: 10.4%, against a 8.1% cost of capital: +2.3 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Array Technologies share price today? Array Technologies, Inc.'s share price was $4.64 at the close on 3 November 2026. That is 32.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $3 and $12, and at that close it sat 17% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 20 weeks running. Over the last 1 year the share price moved −38% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Array Technologies pay? Array Technologies, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Array Technologies on? Array Technologies is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Array Technologies profitable? Array Technologies, Inc. earned $8.4 M of net profit in the Jun 2026 quarter, −70.4% on the same quarter a year earlier. The full FY25 year was a loss of $112 M. That is 2.5% of the quarter's revenue. The same quarter a year earlier earned $28.5 M. 5 of the last 12 reported quarters were loss-making. ## How much revenue does Array Technologies make, and is it growing? Array Technologies, Inc. reported $342 M of revenue in the Jun 2026 quarter, −5.6% on the same quarter a year earlier. Over 4 years it has grown 10.8% a year on average. The last full year, FY25, came in at $1.3 B. The last four reported quarters add to $1.2 B. FY25 revenue was $1.3 B, +40.2% on the year before. Recent pace: the last four quarters grew +5.1% on average, against 10.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +1.2%, against +3.7% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does Array Technologies keep? Array Technologies, Inc.'s operating margin was 10.9% in the Jun 2026 quarter, 1.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between −2.6% and 13.8%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.9 percentage points on the year while gross margin changed +2.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Array Technologies' profit turning into cash? Array Technologies, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $102 M of operating cash against −$112 M of profit. After $22.0 M of spending on assets, $79.8 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Array Technologies' cash go? Array Technologies, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $46.3 M on assets over the last 3 years. Averaged over those years that is 1.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $46.3 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Array Technologies' P/E ratio, and how does it compare with its own history? Array Technologies, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values Array Technologies, Inc. at 0.6× its FY25 revenue of $1.3 B. The P/E comes back here once profit turns positive. ## Is the Array Technologies business getting better or worse? Array Technologies, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 8.4%; each line tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Array Technologies earn on its capital? Array Technologies, Inc. earned a ROE of −43% in FY25. That is up from a low of −103% in FY24. Its return on capital used (ROIC) is 2.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −8.7% net margin and 0.88× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −8.7% net margin × 0.88× asset turnover × 5.58× leverage (assets divided by equity) ≈ −42.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.4% − 8.1% = +2.3 percentage points. The 8.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 10.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 16.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Array Technologies have too much debt? Array Technologies, Inc. has total debt of $753 M against shareholder equity of $296 M as of Jun 2026, so its debt is 2.54× its equity. Year by year, that ratio went from 4.32 in FY21 to 2.94 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Array Technologies shareholding pattern? 30.7% of Array Technologies, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 6.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Array Technologies from balance-sheet trouble? For Array Technologies, Inc., the Z-score is 1.58. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.58 is inside the danger zone, so the balance sheet is a real risk. ## How does Array Technologies rank in its industry? 37.7 out of 100, rank 8 of 10 in Solar, with 64% of the evidence available. Array Technologies, Inc. scores 37.7 out of 100 against the 10 companies it is compared with in Solar, ranking 8. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 9.9 + 9.5 + 11.5 + 6.8 = 37.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Array Technologies compared with? Array Technologies ranks 8 of 10 Solar companies on the 4-Factor Sector Score, with 37.7 out of 100. 1. TOYO Co., Ltd. TOYO · basing · Most evidence points up · 81% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.4/35 · Revenue 100% · Profit 100% · Operating margin change 6.6 points · 83% evidence Capital efficiency 20.0/25 · ROCE 36.7% · Operating margin 19.1% · 76% evidence Valuation 12.8/20 · P/E 3.9× · PEG 0.84 · 65% evidence Relative strength 7.0/20 · Lead over its industry -14.6% · Lead over S&P 500 -38.2% · 1 year -28.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.4 + 20 + 12.8 + 7 = 68.2 · What this means: Earnings are strong; relative strength in its sector is -14.6% and the one-year return is -28.2%. 2. [First Solar, Inc.](https://www.sectoralpha.in/us/stocks/fslr) FSLR · basing · Most evidence points up · 81% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 23.8% · Profit 38.9% · Operating margin change 9.6 points · 83% evidence Capital efficiency 17.7/25 · ROCE 16% · Operating margin 42.6% · 76% evidence Valuation 14.5/20 · P/E 14.5× · PEG 0.38 · 65% evidence Relative strength 10.7/20 · Lead over its industry 4.1% · Lead over S&P 500 -20.6% · 1 year -30.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 17.7 + 14.5 + 10.7 = 67.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Nextpower Inc.](https://www.sectoralpha.in/us/stocks/nxt) NXT · basing · Too little evidence to rank firmly · 58% evidence 60.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue n/a · Profit n/a · Operating margin change 0.6 points · 45% evidence Capital efficiency 20.9/25 · ROCE 22.8% · Operating margin 20.9% · 76% evidence Valuation 9.8/20 · P/E 28.5× · PEG n/a · 15% evidence Relative strength 15.2/20 · Lead over its industry 16.6% · Lead over S&P 500 -12.2% · 1 year -8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.8 + 20.9 + 9.8 + 15.2 = 60.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Shoals Technologies Group, Inc.](https://www.sectoralpha.in/us/stocks/shls) SHLS · basing · Evidence leans up · 81% evidence 60.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 47% · Profit 45.5% · Operating margin change -3.1 points · 83% evidence Capital efficiency 12.6/25 · ROCE 9.8% · Operating margin 13.8% · 76% evidence Valuation 9.3/20 · P/E 52.2× · PEG 0.89 · 65% evidence Relative strength 17.3/20 · Lead over its industry 23.9% · Lead over S&P 500 -5.2% · 1 year -6.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.4 + 12.6 + 9.3 + 17.3 = 60.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Sunrun Inc.](https://www.sectoralpha.in/us/stocks/run) RUN · basing · Evidence leans up · 74% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 63.4% · Profit n/a · Operating margin change 23.7 points · 62% evidence Capital efficiency 6.2/25 · ROCE 0.4% · Operating margin 4% · 76% evidence Valuation 15.8/20 · P/E 8× · PEG 0.14 · 65% evidence Relative strength 6.7/20 · Lead over its industry -18% · Lead over S&P 500 -39.3% · 1 year -49.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 6.2 + 15.8 + 6.7 = 52.5 · What this means: Earnings are strong; relative strength in its sector is -18% and the one-year return is -49.3%. 6. [SolarEdge Technologies, Inc.](https://www.sectoralpha.in/us/stocks/sedg) SEDG · turning · Evidence leans up · 64% evidence 50.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 41.9% · Profit n/a · Operating margin change 17.4 points · 62% evidence Capital efficiency 3.5/25 · ROCE -10.8% · Operating margin -6.5% · 76% evidence Valuation 9.2/20 · P/E 50× · PEG n/a · 15% evidence Relative strength 14.3/20 · Lead over its industry 3.2% · Lead over S&P 500 -22.5% · 1 year -17.8% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.1 + 3.5 + 9.2 + 14.3 = 50.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Enphase Energy, Inc.](https://www.sectoralpha.in/us/stocks/enph) ENPH · basing · Evidence leans down · 81% evidence 41.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.9/35 · Revenue -10.4% · Profit -22.9% · Operating margin change 6.9 points · 83% evidence Capital efficiency 12.3/25 · ROCE 4.9% · Operating margin 18% · 76% evidence Valuation 12.5/20 · P/E 48.4× · PEG 0.67 · 65% evidence Relative strength 6.1/20 · Lead over its industry -1.5% · Lead over S&P 500 -25.7% · 1 year 0.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.9 + 12.3 + 12.5 + 6.1 = 41.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. Array Technologies, Inc. this page ARRY · basing · Evidence leans down · 64% evidence 37.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.9/35 · Revenue 1.2% · Profit n/a · Operating margin change -1.9 points · 62% evidence Capital efficiency 9.5/25 · ROCE 7% · Operating margin 10.9% · 76% evidence Valuation 11.5/20 · P/E -7.7× · PEG n/a · 15% evidence Relative strength 6.8/20 · Lead over its industry -16.7% · Lead over S&P 500 -39% · 1 year -45.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 9.9 + 9.5 + 11.5 + 6.8 = 37.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Canadian Solar Inc.](https://www.sectoralpha.in/us/stocks/csiq) CSIQ · quiet · Most evidence points down · 64% evidence 26.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.6/35 · Revenue -15.7% · Profit n/a · Operating margin change -13.4 points · 62% evidence Capital efficiency 7.6/25 · ROCE 1.1% · Operating margin -5.9% · 76% evidence Valuation 8.5/20 · P/E 54.2× · PEG n/a · 15% evidence Relative strength 0.0/20 · Lead over its industry -24.7% · Lead over S&P 500 -43.6% · 1 year -64.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.6 + 7.6 + 8.5 + 0 = 26.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. Tigo Energy, Inc. TYGO · Too little evidence to rank firmly · 44% evidence 43.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/43.75 · Revenue 50% · Profit n/a · Operating margin change -0.3 points · 62% evidence Capital efficiency 4.8/31.25 · ROCE -5.2% · Operating margin -6.6% · 76% evidence Valuation 12.7/25 · P/E 17.7× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 26.3 + 4.8 + 12.7 = 43.8 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Solar](https://www.sectoralpha.in/us/sectors/solar), all 10 compared on one page. ## Which companies are close to Array Technologies in size? Array Technologies is the 7th largest of 9 Solar companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Enphase Energy, Inc., Sunrun Inc., SolarEdge Technologies, Inc. and Shoals Technologies Group, Inc. Just below it: Canadian Solar Inc. and JinkoSolar Holding Co. ### Solar companies close in size

1. [Enphase Energy, Inc.](https://www.sectoralpha.in/us/stocks/enph) $4 billion
2. [Sunrun Inc.](https://www.sectoralpha.in/us/stocks/run) $2.1 billion
3. [SolarEdge Technologies, Inc.](https://www.sectoralpha.in/us/stocks/sedg) $2 billion
4. [Shoals Technologies Group, Inc.](https://www.sectoralpha.in/us/stocks/shls) $1.4 billion
5. Array Technologies, Inc. $715 million
6. [Canadian Solar Inc.](https://www.sectoralpha.in/us/stocks/csiq) $685 million
7. [JinkoSolar Holding Co., Ltd.](https://www.sectoralpha.in/us/stocks/jks) $532 million

[All 9 Solar companies, largest first](https://www.sectoralpha.in/us/sectors/solar#all-companies)

### Companies close in size in other industries

1. [Onterris, Inc.](https://www.sectoralpha.in/us/stocks/ont) $524 million · Waste Management
2. [MasterCraft Boat Holdings, Inc.](https://www.sectoralpha.in/us/stocks/mcft) $523 million · Recreational Vehicles
3. Array Technologies, Inc. $522 million
4. [Tactile Systems Technology, Inc.](https://www.sectoralpha.in/us/stocks/tcmd) $522 million · Medical Devices
5. [AMTD Digital Inc.](https://www.sectoralpha.in/us/stocks/hkd) $522 million · Software - Application

## What else do people ask about Array Technologies? ### What were Array Technologies's latest quarterly results? Array Technologies, Inc. reported revenue of $342 M and net profit of $8.4 M for the Jun 2026 quarter. Revenue fell 5.6% and profit fell 70.4% compared with a year earlier. Earnings per share were $0.05. The operating margin was 10.9%, 1.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is Array Technologies's market cap? Array Technologies, Inc.'s market capitalisation is $715 M at a stock price of $4.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Array Technologies performing? Array Technologies, Inc.'s latest readings are below. In its latest quarter, revenue fell 5.6% and profit fell 70.4% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 20 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Array Technologies's stock price go up? This page does not forecast Array Technologies, Inc.'s stock price. What it shows instead: the stock price is $4.64. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Array Technologies in its business cycle? Array Technologies, Inc.'s FY25 operating margin was 8.9%, against a 5-year range of −2.6% to 13.8%: the middle of its own range, neither a peak nor a low. The latest quarter was 10.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Array Technologies story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Array Technologies a stock worth studying right now? What the numbers show: Array Technologies, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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