Array (ARRY)

Array Tech, Inc. • ATI Investment Sub, Inc. • Array Technologies International Pty Ltd • Array Tecnologia Do Brasil Ltda. • Array Technologies UK Limited • STINorland Brasil Ltda • STINorland South Africa (Pty) Ltd • STINorland Australia Pty Ltd • STINorland USA, Inc. • STINorland Mexico, S.A. de C.V. ...

IRS number

832747826

ARRY stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$10.00

Low target

$6.00

High target

$15.00

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

27 Jan 25

8-K

Departure of Directors or Certain Officers

7 Nov 24

Third Quarter 2024 Highlights

7 Nov 24

8-K/A

Departure of Directors or Certain Officers

4 Oct 24

8-K

Departure of Directors or Certain Officers

30 Sep 24

8-K

Departure of Directors or Certain Officers

8 Aug 24

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength

8 Aug 24

8-K

Array Technologies Announces Departure of Chief Financial Officer

10 Jun 24

Transcripts

View all

ARRY

Earnings call transcript

2024 Q3

7 Nov 24

ARRY

Earnings call transcript

2024 Q2

8 Aug 24

ARRY

Earnings call transcript

2024 Q1

9 May 24

ARRY

Earnings call transcript

2023 Q4

27 Feb 24

ARRY

Earnings call transcript

2023 Q3

7 Nov 23

ARRY

Earnings call transcript

2023 Q2

8 Aug 23

ARRY

Earnings call transcript

2023 Q2

8 Aug 23

ARRY

Earnings call transcript

2023 Q1

9 May 23

ARRY

Earnings call transcript

2022 Q4

21 Mar 23

ARRY

Earnings call transcript

2022 Q3

9 Nov 22

Latest ownership filings

View all

Electron Capital Partners, LLC

14 Nov 24

SC 13G

Grantham, Mayo, Van Otterloo & Co. LLC

13 Nov 24

SC 13G

GOLDMAN SACHS GROUP INC

12 Nov 24

144

Notice of proposed sale of securities

Hill City Capital, LP

Financial summary

Financial statements Chart ARRY financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	332.37 mm	332.37 mm	332.37 mm	332.37 mm	332.37 mm	332.37 mm
Cash burn (monthly)	(no burn)	(no burn)	45.83 mm	4.94 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	184.36 mm	19.87 mm	n/a	n/a
Cash remaining	n/a	n/a	148.01 mm	312.51 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	3.2	63.3	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Array earnings reports.

Institutional ownership, Q3 2024

ARRY institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	279	277	+0.7%
Opened positions	54	55	-1.8%
Closed positions	52	46	+13.0%
Increased positions	101	105	-3.8%
Reduced positions	80	86	-7.0%

13F shares	Current	Prev Q	Change
Total value	1.09 tn	1.65 tn	-33.7%
Total shares	182.80 mm	178.53 mm	+2.4%
Total puts	1.96 mm	2.20 mm	-10.8%
Total calls	10.21 mm	9.19 mm	+11.1%
Total put/call ratio	0.2	0.2	-19.7%

Largest owners	Shares	Value	Change
BlackRock	15.22 mm	$100.45 bn	NEW
Vanguard	14.33 mm	$94.59 bn	+2.5%
Hill City Capital	14.27 mm	$94.15 bn	+7.1%
Schroder Investment Management	9.50 mm	$62.70 bn	+24.8%
Grantham, Mayo, Van Otterloo & Co.	8.14 mm	$53.71 bn	+72.4%
GS The Goldman Sachs Group, Inc.	7.55 mm	$49.86 bn	+319.5%
Sourcerock	7.43 mm	$49.06 bn	+4.2%
BNP Paribas Asset Management Holding	6.60 mm	$43.59 mm	+34.1%
Blackstone Holdings II	6.29 mm	$134.46 mm	0.0%
MS Morgan Stanley	5.46 mm	$36.02 bn	+41.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-15.25 mm	EXIT
BlackRock	15.22 mm	+15.22 mm	NEW
GS The Goldman Sachs Group, Inc.	7.55 mm	+5.75 mm	+319.5%
ACK Asset Management	0.00	-4.28 mm	EXIT
Grantham, Mayo, Van Otterloo & Co.	8.14 mm	+3.42 mm	+72.4%
Clean Energy Transition	2.60 mm	+2.60 mm	NEW
Granahan Investment Management	14.88 k	-2.13 mm	-99.3%
Frontier Capital Management	776.56 k	-1.93 mm	-71.3%
Schroder Investment Management	9.50 mm	+1.89 mm	+24.8%
BNP Paribas Asset Management Holding	6.60 mm	+1.68 mm	+34.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ARRY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Dec 24	Neil Manning	Common Stock, par value $0.001 per share	Buy	Acquire P	No	No	5.21	5,700	29.70 k	29,366
15 Nov 24	Kevin G. Hostetler	Common Stock, par value $0.001 per share	Buy	Acquire P	No	No	6.94	4,299	29.84 k	216,802
15 Nov 24	Kevin G. Hostetler	Common Stock, par value $0.001 per share	Buy	Acquire P	No	No	6.93	9,135	63.31 k	212,503
15 Nov 24	Kevin G. Hostetler	Common Stock, par value $0.001 per share	Buy	Acquire P	No	No	6.925	996	6.90 k	203,368
2 Aug 24	Terrance L Collins	Common Stock, par value $0.001 per share	Payment of exercise	Dispose F	No	No	10.29	1,472	15.15 k	36,955
7 Jun 24	Tyson Hottinger	Common Stock, par value $0.001 per share	Payment of exercise	Dispose F	No	No	13.44	2,076	27.90 k	56,822
7 Jun 24	Tyson Hottinger	Common Stock, par value $0.001 per share	Payment of exercise	Dispose F	No	No	13.44	4,448	59.78 k	58,898