Quick Update for Array Technologies (ARRY) Investors

Mid-cap manufacturing company Array Technologies has moved -5.37% this morning, reaching $22.75 per share. In contrast, the average analyst target price for the stock is $26.94.

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Before considering an investment in Array Technologies, make sure to consider the following:

  • Based on its trailing earning per share of -0.78, Array Technologies has a trailing 12 month Price to Earnings (P/E) ratio of -29.17

  • ARRY has a forward P/E ratio of 23.81.

  • The company has a price to earnings growth (PEG) ratio of 1.934 — a number between 0 and 1 signifying that Array Technologies is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 57.33

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.