Array Technologies (ARRY)
Market Price (5/12/2026): $8.76 | Market Cap: $1.3 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Array Technologies (ARRY)
Market Price (5/12/2026): $8.76Market Cap: $1.3 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -133% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.7%, Rev Chg QQuarterly Revenue Change % is -26% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.3% Key risksARRY key risks include [1] intense competitive pricing pressure, Show more. |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -133% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 19% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.7%, Rev Chg QQuarterly Revenue Change % is -26% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.3% |
| Key risksARRY key risks include [1] intense competitive pricing pressure, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Weak Fiscal Year 2026 Profitability Guidance: On February 25, 2026, Array Technologies issued full-year 2026 adjusted earnings per share (EPS) guidance of $0.65-$0.75, significantly below the $0.88 analyst consensus. The company also guided for adjusted EBITDA of $200-$230 million, falling short of the $256.4 million consensus. This weaker-than-expected profitability outlook, partly due to a 45x amortization falloff, triggered a substantial stock decline of over 35% in pre-market trading on February 26, 2026.
2. Q4 2025 Net Loss and Missed Adjusted EBITDA: Although Array Technologies' Q4 2025 revenue of $226 million surpassed Wall Street estimates, the company reported a GAAP net loss to common shareholders of $161.2 million, or ($1.06) per share. This loss was primarily driven by a $103 million non-cash goodwill impairment charge and a $30 million one-time inventory valuation charge related to the STI acquisition. Additionally, the reported Q4 adjusted EBITDA of $11.2 million missed analyst estimates by nearly 30%, signaling significant cost pressures.
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Stock Movement Drivers
Fundamental Drivers
The -22.9% change in ARRY stock from 1/31/2026 to 5/11/2026 was primarily driven by a -14.6% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.32 | 8.73 | -22.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,333 | 1,205 | -9.6% |
| P/S Multiple | 1.3 | 1.1 | -14.6% |
| Shares Outstanding (Mil) | 153 | 153 | -0.1% |
| Cumulative Contribution | -22.9% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| ARRY | -22.9% | |
| Market (SPY) | 3.6% | 40.3% |
| Sector (XLI) | 6.1% | 27.6% |
Fundamental Drivers
The 0.8% change in ARRY stock from 10/31/2025 to 5/11/2026 was primarily driven by a 2.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.66 | 8.73 | 0.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,171 | 1,205 | 2.9% |
| P/S Multiple | 1.1 | 1.1 | -1.8% |
| Shares Outstanding (Mil) | 153 | 153 | -0.2% |
| Cumulative Contribution | 0.8% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| ARRY | 0.8% | |
| Market (SPY) | 5.5% | 45.9% |
| Sector (XLI) | 13.6% | 36.4% |
Fundamental Drivers
The 82.6% change in ARRY stock from 4/30/2025 to 5/11/2026 was primarily driven by a 39.7% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.78 | 8.73 | 82.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 916 | 1,205 | 31.6% |
| P/S Multiple | 0.8 | 1.1 | 39.7% |
| Shares Outstanding (Mil) | 152 | 153 | -0.7% |
| Cumulative Contribution | 82.6% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| ARRY | 82.6% | |
| Market (SPY) | 30.4% | 31.7% |
| Sector (XLI) | 35.2% | 28.3% |
Fundamental Drivers
The -57.3% change in ARRY stock from 4/30/2023 to 5/11/2026 was primarily driven by a -41.0% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.45 | 8.73 | -57.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,638 | 1,205 | -26.4% |
| P/S Multiple | 1.9 | 1.1 | -41.0% |
| Shares Outstanding (Mil) | 150 | 153 | -1.6% |
| Cumulative Contribution | -57.3% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| ARRY | -57.3% | |
| Market (SPY) | 78.7% | 26.2% |
| Sector (XLI) | 83.0% | 28.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ARRY Return | -64% | 23% | -13% | -64% | 53% | -7% | -80% |
| Peers Return | 20% | -21% | 16% | -12% | -32% | -42% | -61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| ARRY Win Rate | 17% | 58% | 50% | 42% | 50% | 60% | |
| Peers Win Rate | 54% | 40% | 52% | 50% | 46% | 36% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ARRY Max Drawdown | -70% | -60% | -29% | -69% | -34% | -28% | |
| Peers Max Drawdown | -18% | -36% | -20% | -42% | -45% | -53% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVLT, TDC, BLKB, GCDT, OLOX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/11/2026 (YTD)
How Low Can It Go
| Event | ARRY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.1% | -18.8% |
| % Gain to Breakeven | 69.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -34.3% | -7.8% |
| % Gain to Breakeven | 52.3% | 8.5% |
| Time to Breakeven | 426 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.8% | -9.5% |
| % Gain to Breakeven | 38.6% | 10.5% |
| Time to Breakeven | 35 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.2% | -6.7% |
| % Gain to Breakeven | 23.8% | 7.1% |
| Time to Breakeven | 14 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.0% | -24.5% |
| % Gain to Breakeven | 156.6% | 32.4% |
| Time to Breakeven | 77 days | 427 days |
In The Past
Array Technologies's stock fell -41.1% during the 2025 US Tariff Shock. Such a loss loss requires a 69.8% gain to breakeven.
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| Event | ARRY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.1% | -18.8% |
| % Gain to Breakeven | 69.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -34.3% | -7.8% |
| % Gain to Breakeven | 52.3% | 8.5% |
| Time to Breakeven | 426 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -27.8% | -9.5% |
| % Gain to Breakeven | 38.6% | 10.5% |
| Time to Breakeven | 35 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.0% | -24.5% |
| % Gain to Breakeven | 156.6% | 32.4% |
| Time to Breakeven | 77 days | 427 days |
In The Past
Array Technologies's stock fell -41.1% during the 2025 US Tariff Shock. Such a loss loss requires a 69.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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About Array Technologies (ARRY)
AI Analysis | Feedback
Here are a few analogies to describe Array Technologies (ARRY):
- Caterpillar for solar farms: Array Technologies provides the essential, heavy-duty mechanical systems that make large-scale solar power plants work more efficiently.
- Intel for solar power plants: Array Technologies creates the "brains" (tracking hardware and SmarTrack software) that optimize solar panel performance, making them more productive.
AI Analysis | Feedback
- DuraTrack HZ v3: A single-axis solar tracking system.
- SmarTrack: Machine learning software that optimizes solar array positioning in real-time to increase energy production.
AI Analysis | Feedback
Array Technologies (symbol: ARRY) sells its solar tracking systems and related products primarily to other companies in the utility-scale solar industry. However, the company explicitly states in its public filings (such as its 10-K reports) that it generally does not disclose the names of its specific customers due to confidentiality agreements and competitive reasons.
Based on their business description and public disclosures, Array Technologies' major customers are typically:
- Utility-scale solar project developers: These companies are responsible for the origination, development, and management of the construction of large-scale solar power plants across various geographies. They procure essential equipment like solar trackers for their projects.
- Independent Power Producers (IPPs): IPPs are entities that own and operate power generation facilities, including large solar farms, and sell the generated electricity to utilities, grid operators, or directly to large commercial and industrial consumers. They either develop projects in-house or acquire them from specialized developers.
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Kevin Hostetler, Chief Executive Officer
Mr. Hostetler has served as Chief Executive Officer of Array Technologies since April 2022. He brings over 18 years of global industrial business leadership experience, having transformed multiple engineered products and services companies throughout his career. Prior to joining Array, Mr. Hostetler served as CEO at Rotork, a FTSE 250 company, where he led a Growth Acceleration Program. He was also the Chief Executive Officer of FDH Infrastructure Services, where he led the company through a series of acquisitions. Additionally, he was an Executive Advisor to Wind Point Partners, a private equity firm focused on growth capital investments and leveraged buyouts in middle-market companies.
H. Keith Jennings, Chief Financial Officer
Mr. Jennings will become Chief Financial Officer of Array Technologies effective January 6, 2025. He brings over thirty years of experience across various industries, including corporate finance, risk management, and strategic growth initiatives. Most recently, he served as executive vice president and CFO of Weatherford International, where he was instrumental in the company's post-bankruptcy transformation, including restructuring its debt and facilitating its up-listing to the Nasdaq exchange. His prior experience also includes roles at Calumet Specialty Products Partners, Eastman Chemical Co., and Cameron International Corporation.
Neil Manning, President and Chief Operating Officer
Mr. Manning serves as President and Chief Operating Officer of Array Technologies, a position he assumed in June 2024, having previously served as Chief Operations Officer since January 2023. He has over 30 years of commercial and operations experience, driving growth and transformation across numerous engineered product and services companies. Before joining Array, he was a managing director at Rotork, where he led strategic development, commercial growth, and operational improvements. Mr. Manning was also at Velocitel, a wireless infrastructure service company, where he scaled site development services and led a business recovery for its subsidiary, SiteSafe.
Gina Gunning, Chief Legal Officer and Corporate Secretary
Ms. Gunning was appointed Chief Legal Officer and Corporate Secretary of Array Technologies effective January 27, 2025. She has over 25 years of legal and compliance experience across global organizations. Prior to Array, she served as Chief Legal Officer and Corporate Secretary at GrafTech International Ltd. Her background also includes senior legal roles at FirstEnergy Corp. and Cliffs Natural Resources Inc., where she demonstrated expertise in mergers and acquisitions, securities law, and capital markets transactions.
Darin Green, Global Chief Revenue Officer
Mr. Green has been promoted to Global Chief Revenue Officer, assuming responsibility for revenue generation across all global markets, as announced in January 2026. Under his leadership, Array's North America region achieved significant improvements in sales process discipline, customer engagement, and talent development.
AI Analysis | Feedback
Array Technologies (ARRY) faces several key risks to its business operations and financial performance. The most significant risk stems from its heavy reliance on **government policies, tax regimes, and trade actions**. The company's business is highly exposed to U.S. tax credits such as the Investment Tax Credit (ITC), Production Tax Credit (PTC), and Section 45X credits. Changes in these policy and tax regimes, or the evolving rules under legislation like the Inflation Reduction Act (IRA), could significantly impact demand for its products. Additionally, Array Technologies faces substantial risks from tariffs, including Section 232 and Section 301 measures, and anti-dumping/countervailing duty (AD/CVD) actions, which can influence both the availability of solar modules and the company's input costs. A second key risk is related to **interest rate fluctuations and the availability of project financing**. Increases in interest rates or a reduction in the availability of tax equity or project debt capital in global financial markets could make it more difficult for end customers to finance the cost of solar energy systems, thereby reducing demand for Array Technologies' products. The company also carries substantial indebtedness, which could adversely affect its financial flexibility and competitive position. Finally, Array Technologies is exposed to **supply chain vulnerabilities and operational challenges**. The company relies on numerous outside vendors for the manufacturing of key components and has a distributed production process, which can lead to complexities in quality control and potential disruptions. Issues such as racking complexity, corrosion, and the integration of acquisitions (like the APA acquisition) present operational challenges. Furthermore, the inherent nature of solar tracking systems, with their moving parts, sensors, and control systems, introduces risks of mechanical failures, electrical issues, and software errors, all of which can lead to reduced energy production and increased maintenance requirements.AI Analysis | Feedback
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Array Technologies, Inc. (ARRY) manufactures and supplies solar tracking systems and machine learning software for solar array optimization. The addressable markets for its main products are as follows:
Solar Tracking Systems (DuraTrack HZ v3 - single-axis solar tracker)
- Global Market: The global single-axis solar tracker market was valued at approximately USD 33.6 billion in 2025 and is projected to reach USD 66.8 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 7.1% over the forecast period. Other estimates indicate the global single-axis solar tracker market was valued at USD 31.4 billion in 2024 and is estimated to grow to USD 61.6 billion by 2034 with a CAGR of 7.1% from 2025 to 2034. The single-axis segment held the largest market share, at 88%, within the solar tracker installation market in 2025.
- U.S. Market: The U.S. single-axis solar tracker market was valued at USD 0.78 billion in 2025 and is expected to reach USD 2.82 billion by 2033, exhibiting a CAGR of 19.08% from 2026-2033.
Machine Learning Software (SmarTrack - solar array optimization software)
- Global Market: The global Solar Software market size was USD 1.30 billion in 2025 and is projected to reach USD 2.86 billion by 2033, exhibiting a CAGR of 10.3% during the forecast period. This market encompasses digital tools and systems designed to enhance the performance, accuracy, and effectiveness of solar power structures, including performance optimization. The global Photovoltaic Software Market was valued at USD 967.2 million in 2024 and is predicted to reach USD 2253.1 million by 2034.
- North American Market: North America holds nearly 36% of the Solar Software Market Share. AI-based performance monitoring, which aligns with SmarTrack's capabilities, is used in 38% of utility-scale plants in North America.
AI Analysis | Feedback
Array Technologies (ARRY) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Robust Order Backlog and Strong Domestic Demand: The company ended 2025 with a record order book valued at $2.2 billion, indicating strong future demand. This robust backlog, coupled with the strong underlying momentum in the U.S. solar industry and supportive policy incentives, is expected to underpin revenue generation from large utility-scale projects.
- International Expansion: Array Technologies has a strategic focus on elevating its international business and expanding its DuraTrack product globally. This global adoption is supported by governments and corporations pursuing decarbonization goals.
- Product Innovation and Adoption of Advanced Technologies: Innovation is a core strategic imperative for Array Technologies. This includes developing next-generation tracker upgrades for OmniTrack, launching a new U.S. tracker version, and introducing an optimized tracker-plus-foundation integrated solution with APA in the latter half of 2026. The rapid adoption of its SmarTrack machine learning software, with significant opportunities in the order book, is also a key driver.
- Strategic Acquisitions: The successful integration of acquisitions, such as APA Solar, which contributed approximately $100 million to the order book, demonstrates that strategic M&A can bolster Array Technologies' revenue.
- Growth in Recurring Revenue from Software and Services: As Array Technologies' installed base expands, the company anticipates driving incremental revenue through software, optimization tools, spare parts, and service upgrades designed to reduce the levelized cost of energy (LCOE) for its customers.
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Share Issuance
- Array Technologies, Inc.'s issuance of preferred shares was USD 33.1 million in 2022.
- The number of shares outstanding for Array Technologies has increased by 0.52% in one year.
Capital Expenditures
- Array Technologies Inc.'s capital expenditures for fiscal years ending December 2020 to 2024 averaged $7.922 million.
- Capital expenditures for Array Technologies Inc. peaked in December 2023 at $16.989 million.
- The company's capital expenditures in the last 12 months were approximately $21.97 million.
Latest Trefis Analyses
Trade Ideas
Select ideas related to ARRY.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 20.52 |
| Mkt Cap | 1.6 |
| Rev LTM | 1,184 |
| Op Inc LTM | 103 |
| FCF LTM | 237 |
| FCF 3Y Avg | 199 |
| CFO LTM | 245 |
| CFO 3Y Avg | 219 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.6% |
| Rev Chg 3Y Avg | -1.6% |
| Rev Chg Q | 4.2% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | 2.2% |
| Op Inc Chg 3Y Avg | 22.9% |
| Op Mgn LTM | 6.1% |
| Op Mgn 3Y Avg | 9.3% |
| QoQ Delta Op Mgn LTM | -1.5% |
| CFO/Rev LTM | 20.7% |
| CFO/Rev 3Y Avg | 21.9% |
| FCF/Rev LTM | 20.0% |
| FCF/Rev 3Y Avg | 17.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.6 |
| P/S | 1.4 |
| P/Op Inc | 26.1 |
| P/EBIT | 5.2 |
| P/E | 7.1 |
| P/CFO | 5.0 |
| Total Yield | 1.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.2% |
| D/E | 0.6 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 8.6% |
| 3M Rtn | -27.8% |
| 6M Rtn | -30.9% |
| 12M Rtn | -42.4% |
| 3Y Rtn | -55.7% |
| 1M Excs Rtn | -0.1% |
| 3M Excs Rtn | -34.2% |
| 6M Excs Rtn | -38.6% |
| 12M Excs Rtn | -74.3% |
| 3Y Excs Rtn | -133.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Array Legacy Operations | 662 | 1,173 | 1,268 | 853 | |
| Soluciones Técnicas Integrales (STI) Operations | 254 | 404 | 370 | ||
| Single Segment | 873 | ||||
| Total | 916 | 1,577 | 1,638 | 853 | 873 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Array Legacy Operations | 1,018 | 869 | |||
| Soluciones Técnicas Integrales (STI) Operations | 408 | 838 | |||
| Total | 1,426 | 1,707 |
Price Behavior
| Market Price | $8.73 | |
| Market Cap ($ Bil) | 1.3 | |
| First Trading Date | 10/15/2020 | |
| Distance from 52W High | -27.0% | |
| 50 Days | 200 Days | |
| DMA Price | $7.43 | $8.46 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 17.5% | 3.2% |
| 3M | 1YR | |
| Volatility | 90.0% | 86.3% |
| Downside Capture | 1.94 | 1.04 |
| Upside Capture | 176.29 | 190.63 |
| Correlation (SPY) | 37.2% | 32.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.74 | 1.84 | 2.42 | 2.93 | 2.24 | 1.37 |
| Up Beta | 3.31 | 2.64 | 2.46 | 2.11 | 2.67 | 1.30 |
| Down Beta | -0.49 | 2.72 | 1.75 | 2.38 | 3.31 | 1.57 |
| Up Capture | 138% | 128% | 194% | 533% | 240% | 95% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 17 | 29 | 63 | 124 | 345 |
| Down Capture | 279% | 126% | 292% | 245% | 144% | 110% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 25 | 34 | 60 | 123 | 397 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARRY | |
|---|---|---|---|---|
| ARRY | 40.4% | 86.7% | 0.79 | - |
| Sector ETF (XLI) | 30.6% | 15.6% | 1.51 | 29.3% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 33.8% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | 12.5% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | 10.7% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 14.1% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 14.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARRY | |
|---|---|---|---|---|
| ARRY | -21.3% | 83.5% | 0.10 | - |
| Sector ETF (XLI) | 12.8% | 17.4% | 0.58 | 33.6% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 33.4% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | 10.2% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | 11.7% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 29.8% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 16.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARRY | |
|---|---|---|---|---|
| ARRY | -14.4% | 82.1% | 0.04 | - |
| Sector ETF (XLI) | 14.0% | 20.0% | 0.62 | 32.7% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 33.0% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 9.7% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 11.0% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 27.9% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 15.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 0.9% | ||
| 2/25/2026 | -33.8% | -33.5% | -33.8% |
| 11/5/2025 | 0.6% | 1.1% | -3.7% |
| 8/7/2025 | -5.8% | 4.1% | 49.8% |
| 2/27/2025 | -19.4% | -19.2% | -22.4% |
| 11/7/2024 | -2.6% | 23.1% | -1.6% |
| 8/8/2024 | -21.0% | -27.7% | -33.1% |
| 5/9/2024 | 2.0% | -9.4% | 11.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 8 |
| # Negative | 7 | 8 | 10 |
| Median Positive | 8.6% | 18.2% | 15.8% |
| Median Negative | -17.6% | -14.3% | -13.5% |
| Max Positive | 28.9% | 24.1% | 49.8% |
| Max Negative | -33.8% | -33.5% | -33.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/22/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 300.00 Mil | 310.00 Mil | 320.00 Mil | 55.0% | Higher New | Guidance: 200.00 Mil for Q1 2026 | |
| 2026 Revenue | 1.40 Bil | 1.45 Bil | 1.50 Bil | 0 | Affirmed | Guidance: 1.45 Bil for 2026 | |
| 2026 Adjusted EBITDA | 200.00 Mil | 215.00 Mil | 230.00 Mil | 0 | Affirmed | Guidance: 215.00 Mil for 2026 | |
| 2026 Adjusted net income per common share | 0.65 | 0.7 | 0.75 | 0 | Affirmed | Guidance: 0.7 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 200.00 Mil | ||||||
| 2026 Revenue | 1.40 Bil | 1.45 Bil | 1.50 Bil | 14.6% | Higher New | Guidance: 1.26 Bil for 2025 | |
| 2026 Adjusted EBITDA | 200.00 Mil | 215.00 Mil | 230.00 Mil | 13.2% | Higher New | Guidance: 190.00 Mil for 2025 | |
| 2026 Adjusted Net Income per Common Share | 0.65 | 0.7 | 0.75 | 4.5% | Higher New | Guidance: 0.67 for 2025 | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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