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Array Technologies Inc

Technology US ARRY

10.98USD
-0.19(1.70%)

Last update at 2024-04-18T20:00:00Z

Day Range

10.8211.31
LowHigh

52 Week Range

13.3426.64
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -4.95200M -61.12100M 77.78M 64.58M -80.69600M
Minority interest - - - - -
Net income 4.43M -50.40300M 59.07M 39.74M -60.76400M
Selling general administrative 150.78M 80.97M 55.63M 41.85M 46.88M
Selling and marketing expenses - - - - -
Gross profit 227.28M 82.86M 202.80M 150.76M 11.55M
Reconciled depreciation 101.06M 25.95M 27.47M 27.32M 28.45M
Ebit -19.85100M -22.95000M 95.21M 83.41M -62.47800M
Ebitda 81.21M 3.00M 146.82M 110.69M -34.02800M
Depreciation and amortization 101.06M 25.95M 51.61M 27.28M 28.45M
Non operating income net other 46.69M - -2.30500M - -
Operating income -19.85100M -22.95000M 95.21M 83.41M -61.20600M
Other operating expenses 1660.19M 875.36M 751.01M 564.49M 352.81M
Interest expense 33.51M 35.48M 15.13M 18.80M 19.04M
Tax provision -9.38400M -10.71800M 18.70M 24.83M -19.93200M
Interest income - - - - -
Net interest income -33.51300M -35.47500M -15.12900M -18.79700M -19.04300M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -9.38400M -10.71800M 18.70M 24.83M -19.93200M
Total revenue 1637.55M 853.32M 872.66M 647.90M 290.78M
Total operating expenses 249.92M 104.90M 81.15M 67.35M 73.59M
Cost of revenue 1410.27M 770.46M 669.86M 497.14M 279.23M
Total other income expense net 14.90M -38.17100M -17.43400M -18.83000M 0.38M
Discontinued operations - - - - -
Net income from continuing ops 4.43M -50.40300M 59.07M 39.74M -60.76400M
Net income applicable to common shares -43.62200M -66.11800M 59.07M 39.74M -60.76400M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1706.05M 1142.98M 656.02M 923.58M 509.86M
Intangible assets 386.36M 174.75M 198.26M 223.51M 248.76M
Earning assets - - - - -
Other current assets 39.43M 33.65M 12.42M 13.52M 15.75M
Total liab 1282.20M 974.72M 736.92M 618.43M 245.39M
Total stockholder equity 423.85M 168.26M -80.89900M 305.15M 264.47M
Deferred long term liab - - 13.11M - -
Other current liab 77.22M 43.52M 49.98M 28.58M 23.61M
Common stock 0.15M 0.14M 0.13M 305.15M 0.21M
Capital stock 299.72M 237.60M 0.13M - -
Retained earnings -267.47000M -271.90200M -221.49900M - -1100.00000M
Other liab - 13.00M 23.85M 27.81M 14.94M
Good will 416.18M 69.73M 69.73M 69.73M 69.73M
Other assets - 12.53M 3.09M - 6.47M
Cash 133.90M 367.67M 108.44M 310.26M 40.83M
Cash and equivalents - - - - -
Total current liabilities 465.26M 245.31M 289.10M 590.62M 134.57M
Current deferred revenue 178.92M 99.58M 149.82M 328.78M 21.79M
Net debt 625.14M 353.60M 319.84M -212.51300M 114.20M
Short term debt 38.69M 10.21M 4.31M 97.75M 59.15M
Short long term debt 38.69M 4.30M 4.31M 97.75M 59.15M
Short long term debt total 759.04M 721.26M 428.28M 97.75M 155.03M
Other stockholder equity 383.18M 202.56M 140.47M 311.74M 264.47M
Property plant equipment 23.17M 21.94M 9.77M 10.66M 11.03M
Total current assets 831.21M 852.03M 375.18M 619.68M 173.88M
Long term investments - - - - -
Net tangible assets 423.85M -313.68500M -348.88600M 11.91M -54.01300M
Short term investments - - - - 297.74M
Net receivables 424.71M 245.06M 135.85M 96.88M 62.13M
Long term debt 720.35M 711.06M 423.97M - 95.88M
Inventory 233.16M 205.65M 118.46M 148.02M 55.17M
Accounts payable 170.43M 92.00M 84.99M 135.51M 30.02M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 8.43M -9.01100M - -6.59000M -0.46100M
Additional paid in capital - - - - -
Common stock total equity 0.15M - 0.13M - 0.21M
Preferred stock total equity - - - - -
Retained earnings total equity -267.47000M - -221.49900M - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 32.66M 26.43M 3.09M - 0.77M
Deferred long term asset charges - - - - -
Non current assets total 874.84M 290.95M 280.85M 303.90M 335.99M
Capital lease obligations 10.55M 5.91M - - -
Long term debt total 720.35M - 423.97M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -384.43700M -15.33200M -1.33800M -1.69700M -6.43000M
Change to liabilities 12.94M -43.60400M -229.47900M 412.48M 13.88M
Total cashflows from investing activities -384.43700M -15.33200M -1.33800M -1.69700M -6.43000M
Net borrowings -18.04700M 280.10M 356.67M -64.07800M 4.48M
Total cash from financing activities 8.44M 537.75M -129.27300M -63.94500M 50.86M
Change to operating activities - -11.87200M -12.98600M 0.25M 8.05M
Net income 4.43M -50.40300M 59.07M 39.74M -60.76400M
Change in cash -233.76900M 259.23M -252.81600M 320.43M 32.71M
Begin period cash flow 367.67M 108.44M 361.26M 40.83M 8.12M
End period cash flow 133.90M 367.67M 108.44M 361.26M 40.83M
Total cash from operating activities 141.49M -263.18700M -122.20500M 386.07M -11.72700M
Issuance of capital stock 48.98M 345.63M 145.53M - 0.00000M
Depreciation 101.06M 25.95M 27.47M 27.32M 28.45M
Other cashflows from investing activities -373.81800M - - - -
Dividends paid 18.67M 8.05M 589.00M 8.05M 8.05M
Change to inventory 20.87M -88.18400M 28.34M -94.59400M -10.26100M
Change to account receivables -76.98400M -116.84800M -23.03800M -40.70800M 19.40M
Sale purchase of stock 15.88M 764.34M 139.07M - -114.74800M
Other cashflows from financing activities 165.46M -79.92900M -56.47500M -38.94500M 127.45M
Change to netincome -19.35000M 7.39M 34.70M 25.74M -13.45900M
Capital expenditures 10.62M 3.36M 1.34M 1.70M 2.07M
Change receivables -76.98400M - -23.03800M - -
Cash flows other operating 91.67M - -219.38900M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -234.50400M - -252.81600M - -
Change in working capital 42.06M -261.15600M -246.82300M 289.31M 31.05M
Stock based compensation 14.98M 13.76M 4.81M 0.80M 6.72M
Other non cash items 10.53M 18.77M 36.00M 6.58M 2.87M
Free cash flow 130.87M -266.54400M -123.54300M 384.38M -13.80000M

Fundamentals

  • Previous Close 11.17
  • Market Cap2590.33M
  • Volume6522369
  • P/E Ratio43.92
  • Dividend Yield-%
  • EBITDA276.90M
  • Revenue TTM1637.01M
  • Revenue Per Share TTM10.86
  • Gross Profit TTM 227.28M
  • Diluted EPS TTM0.39

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ARRY
Array Technologies Inc
-0.19 1.70% 10.98 43.92 11.57 1.58 9.05 2.07 12.31
FSLR
First Solar Inc
-3.72 2.09% 174.29 39.84 12.55 5.95 2.81 5.20 20.42
ENPH
Enphase Energy Inc
-2.88 2.57% 109.17 31.09 35.34 6.24 16.69 6.06 22.00
NXT
Nextracker Inc. Class A Common Stock
-0.22 0.49% 44.54 24.02 19.30 3.43 15.50 1.19 9.14
SEDG
SolarEdge Technologies Inc
-2.35 3.93% 57.39 26.21 144.93 1.55 2.16 1.43 14.72

Reports Covered

Stock Research & News

Profile

Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products include DuraTrack HZ v3, a single axis tracker; Array STI H250 to deliver a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combination with machine learning algorithms to identify the optimal position for a solar array in real time to enhance its energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.

Array Technologies Inc

3901 Midway Place NE, Albuquerque, NM, United States, 87109

Key Executives

Name Title Year Born
Mr. Nipul A. Patel Chief Financial Officer 1971
Mr. Tyson K. Hottinger Chief Legal Officer & Gen. Counsel NA
Mr. Kevin G. Hostetler CEO & Director 1968
Mr. Thierry Marin-Martinod Chief Technology Officer NA
Cody Mueller VP of Fin. & Investor Relations NA
Mr. Terrance L. Collins Chief HR Officer 1965
Ms. Erica Brinker Chief Commercial Officer and Head of Environmental, Social & Governance NA
Mr. Travis Rose Chief Revenue Officer NA

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