ARRY
SinkerArray Technologies, Inc. · Technology · United States · $491M cap · $50.9M/day traded
$4.80 -7.7% · close 12 Nov · scored 13 Nov
Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.
After its 4 Nov results, analysts cut next year's EPS estimate 5.2%.
As of 13 Nov 2026, the MoatMap Score for Array Technologies, Inc. (ARRY) is 19/100, ranked against 25,000+ stocks in 38 markets (Quality 37, Value 45, Momentum 19, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ARRAY TECHNOLOGIES, INC.
Read
Array Technologies, Inc. is a leading global manufacturer of utility-scale solar tracking systems and software designed to optimize the performance of solar energy projects. The company's competitive moat is defined by its patented single-axis tracker technology, which utilizes a centralized, single-motor rotating driveline that requires fewer motors and maintenance points than decentralized competitors. This highly reliable, cost-effective design makes Array a preferred partner for major engineering, procurement, and construction (EPC) firms globally.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 915.8M | 1.3B | -7.8% | 1.1B | 1.4B | 1.6B | 12.0% |
| EPS | -0.29 | 0.57 | -1.95 | -0.73 | — | -1.13 | — | — | — |
| Shares | 150.5M | 151.2M | 152.0M | 152.8M | +1.5% | 154.3M | — | — | — |
| Debt | 769.6M | 730.5M | 698.0M | 766.2M | -0.1% | 759.4M | — | — | — |
| Equity | 423.9M | 610.5M | 288.8M | 260.4M | -15.0% | — | — | — | — |
| Op CF | 141.5M | 232.0M | 154.0M | 101.8M | -10.4% | 140.1M | — | — | — |
| Inv CF | -384.4M | -16.8M | -9.6M | -187.9M | — | — | — | — | — |
| Fin CF | 8.4M | -101.8M | -11.8M | -38.1M | — | — | — | — | — |
No new 52-week low for 2 weeks, 55% above that low, but not back above a rising 50-day average.
Swung more than 89% of stocks we rank over the past year (volatility 82% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor (this stock): It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of ARRY are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| ARRY | Array Technologies, Inc.(you) | $491M | 19 |
| RUN | Sunrun Inc. | $1.8B | 20 |
| SHLS | Shoals Technologies Group, Inc. | $1.3B | 47 |
| SPWR | SunPower Inc. | $72M | 9 |
| ENPH | Enphase Energy, Inc. | $4.2B | 14 |
| FTCI | FTC Solar, Inc. | $77M | 4 |
| TYGO | Tigo Energy, Inc. | $79M | 50 |
| NXT | Nextpower Inc. | $12.1B | 41 |
| NNDM | Nano Dimension Ltd. | $569M | 18 |
| 4971.TWO | IntelliEPI Inc. (Cayman) | $552M | 22 |
Peer medians: ROE 6.1% · P/E 28.8x · Gross margin 52.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.