Array Technologies, Inc.

Array Technologies, Inc.verified

ARRY

Price:

$10.52

Market Cap:

$1.60B

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.[Read more]

Industry

Solar

IPO Date

2020-10-15

Stock Exchange

NASDAQ

Ticker

ARRY

The PE Ratio as of July 2024 (TTM) for Array Technologies, Inc. (ARRY) is 27.68

According to Array Technologies, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 27.68. This represents a change of -66.80% compared to the average of 83.37 of the last 4 quarters.

Array Technologies, Inc. (ARRY) Historical PE Ratio (quarterly & annually)

How has ARRY PE Ratio performed in the past?

The mean historical PE Ratio of Array Technologies, Inc. over the last ten years is 127.41. The current 27.68 PE Ratio has changed 2.07% with respect to the historical average. Over the past ten years (40 quarters), ARRY's PE Ratio was at its highest in in the June 2020 quarter at 483.79. The PE Ratio was at its lowest in in the September 2020 quarter at -160.02.

Quarterly (TTM)
Annual

Average

127.41

Median

55.61

Minimum

-76.18

Maximum

653.43

Array Technologies, Inc. (ARRY) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Array Technologies, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual PE Ratio = 653.43

Minimum Annual Increase = -1714.89%

Minimum Annual PE Ratio = -76.18

Quarterly (TTM)
Annual
YearPE RatioChange
202318.48-97.17%
2022653.43-1714.89%
2021-40.46-143.63%
202092.74-20.37%
2019116.47-252.89%

Array Technologies, Inc. (ARRY) Average PE Ratio

How has ARRY PE Ratio performed in the past?

The current PE Ratio of Array Technologies, Inc. (ARRY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

210.48

5-year avg

168.13

10-year avg

127.41

Array Technologies, Inc. (ARRY) PE Ratio vs. Peers

How is ARRY’s PE Ratio compared to its peers?

Array Technologies, Inc.’s PE Ratio is greater than SolarEdge Technologies, Inc. (-5.62), less than Enphase Energy, Inc. (51.93), greater than Canadian Solar Inc. (5.15), greater than Sunrun Inc. (-2.57), greater than SunPower Corporation (-0.50), less than First Solar, Inc. (0), greater than Sunnova Energy International Inc. (22.58), greater than JinkoSolar Holding Co., Ltd. (-2.23), greater than Nextracker Inc. (2.52), greater than null (21.63),

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