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NASDAQ: ARRY
Array Technologies Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for ARRY

Based on 13 analysts offering 12 month price targets for Array Technologies Inc.
Min Forecast
$7.00-64.61%
Avg Forecast
$22.62+14.33%
Max Forecast
$32.00+61.78%

Should I buy or sell ARRY stock?

Based on 13 analysts offering ratings for Array Technologies Inc.
Buy
Strong Buy
7 analysts 53.85%
Buy
2 analysts 15.38%
Hold
3 analysts 23.08%
Sell
0 analysts 0%
Strong Sell
1 analysts 7.69%

Be the first to know when Wall Street analysts revise their ARRY stock forecasts and price targets.

ARRY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cantor Fitzgerald
Bottom 25%
25
Strong BuyInitiates Coverage On$26.00+31.45%2022-12-23
Wells Fargo
Top 4%
97
Strong BuyInitiates Coverage On$28.00+41.56%2022-12-06
Morgan Stanley
Top 4%
97
Strong SellMaintains$16.00-19.11%2022-11-02
JP Morgan
Top 2%
99
Strong BuyMaintains$31.00+56.72%2022-10-20
Truist Securities
Top 29%
72
HoldMaintains$17.00-14.05%2022-10-18
Piper Sandler
Bottom 1%
1
Strong BuyUpgrades$28.00+41.56%2022-09-19
Goldman Sachs
Top 21%
80
Strong BuyMaintains$32.00+61.78%2022-09-08
Guggenheim
Top 3%
98
Strong BuyMaintains$31.00+56.72%2022-09-06
Credit Suisse
Bottom 15%
15
BuyMaintains$24.00+21.33%2022-08-11
Barclays
Bottom 17%
17
Strong BuyMaintains$22.00+11.22%2022-08-10

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Forecast return on equity

Is ARRY forecast to generate an efficient return?
Company
294.57%
Industry
83.58%
Market
47.94%
ARRY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ARRY forecast to generate an efficient return on assets?
Company
10.83%
Industry
15.53%
ARRY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ARRY earnings per share forecast

What is ARRY's earnings per share in the next 2 years based on estimates from 8 analysts?
Avg 1 year Forecast
$0.83
Avg 2 year Forecast
$1.21

ARRY revenue forecast

What is ARRY's revenue in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$1.8B+26.85%
Avg 2 year Forecast
$2.1B+47.35%
ARRY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ARRY revenue growth forecast

How is ARRY forecast to perform vs Solar companies and vs the US market?
Company
26.85%
Industry
41.73%
Market
70.6%
ARRY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ARRY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ARRY vs Solar Stocks

TickerPricePrice TargetUp/downsideConsensus
ARRY$19.78$22.62+14.33%Buy
SPWR$17.51$19.43+10.95%Hold
JKS$54.66$49.58-9.30%Hold
CSIQ$40.63$34.04-16.21%Hold
NOVA$19.35$33.06+70.87%Strong Buy
View Top Solar Stocks

Array Technologies Stock Forecast FAQ

Is Array Technologies Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NASDAQ: ARRY) stock is to Buy ARRY stock.

Out of 13 analysts, 7 (53.85%) are recommending ARRY as a Strong Buy, 2 (15.38%) are recommending ARRY as a Buy, 3 (23.08%) are recommending ARRY as a Hold, 0 (0%) are recommending ARRY as a Sell, and 1 (7.69%) are recommending ARRY as a Strong Sell.

If you're new to stock investing, here's how to buy Array Technologies stock.

What is ARRY's earnings growth forecast for 2023-2024?

(NASDAQ: ARRY) Array Technologies's forecast annual earnings growth rate of N/A is not forecast to beat the US Solar industry's average forecast earnings growth rate of 156.03%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 85.06%.

Array Technologies's earnings in 2023 is -$60,460,000.On average, 8 Wall Street analysts forecast ARRY's earnings for 2023 to be $124,907,129, with the lowest ARRY earnings forecast at $90,294,310, and the highest ARRY earnings forecast at $186,608,241.

In 2024, ARRY is forecast to generate $182,093,526 in earnings, with the lowest earnings forecast at $133,936,560 and the highest earnings forecast at $252,824,069.

What is ARRY's revenue growth forecast for 2023-2024?

(NASDAQ: ARRY) Array Technologies's forecast annual revenue growth rate of 26.85% is not forecast to beat the US Solar industry's average forecast revenue growth rate of 41.73%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 70.6%.

Array Technologies's revenue in 2023 is $1,447,997,000.On average, 7 Wall Street analysts forecast ARRY's revenue for 2023 to be $276,409,092,875, with the lowest ARRY revenue forecast at $252,432,793,216, and the highest ARRY revenue forecast at $340,665,383,333.

In 2024, ARRY is forecast to generate $321,088,824,429 in revenue, with the lowest revenue forecast at $304,141,334,857 and the highest revenue forecast at $343,359,163,587.

What is ARRY's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: ARRY) forecast ROA is 10.83%, which is lower than the forecast US Solar industry average of 15.53%.

What is ARRY's Price Target?

According to 13 Wall Street analysts that have issued a 1 year ARRY price target, the average ARRY price target is $22.62, with the highest ARRY stock price forecast at $32.00 and the lowest ARRY stock price forecast at $7.00.

On average, Wall Street analysts predict that Array Technologies's share price could reach $22.62 by Dec 23, 2023. The average Array Technologies stock price prediction forecasts a potential upside of 14.33% from the current ARRY share price of $19.78.

What is ARRY's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: ARRY) Array Technologies's current Earnings Per Share (EPS) is -$0.45. On average, analysts forecast that ARRY's EPS will be $0.83 for 2023, with the lowest EPS forecast at $0.60, and the highest EPS forecast at $1.24. In 2024, ARRY's EPS is forecast to hit $1.21 (min: $0.89, max: $1.68).

What is ARRY's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: ARRY) forecast ROE is 294.57%, which is considered strong.
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