Only one of our models could value this stock with confidence, so use it as a guide.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionArray Technologies Inc. Common Stock (ARRY)
Fair value (2 models)
Not available
ACCE price target
$4.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 2 Oct 2026, 00:00 CEST.
Price used: $3.19 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
31
out of 100
Analysts
46% buy
24 covering
1-year return
-64.4%
Dividend yield
0.00%
Array Technologies Inc. Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Array Technologies makes single-axis solar trackers, the motorized racks that tilt utility-scale solar panels to follow the sun, and sells them mainly to large developers and EPC contractors in the US. The business is hard to call a structural winner: revenue is shrinking (down 5.6%), return on equity is negative at -26.0%, and the company carries no index membership, which limits passive demand. The near-term case rests on margins rather than top-line growth, with a 26.8% gross margin and a 10.9% operating margin, and on a forward P/E of 4.8 that prices in a lot of skepticism. Trailing earnings are not meaningful, so the valuation hinges on whether the operating margin holds as volumes stabilize. The score of 31/100 says the screen sees more risk than reward today, so this is a name to examine only if you already have a view on US utility-scale solar build-out and the company's pricing discipline.