Array Technologies, Inc.
ARRYTechnologyNASDAQSolar · Last scanned Jul 18, 2026
Scan Results
Daily timeframeArray Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. With a market capitalization of $939.9M, it sits in small-cap territory. It operates through two segments, Array Legacy Operations and STI Operations.
Market Cap
$939.9M
Beta
1.80
P/E (TTM)
—
P/E (Fwd)
6.68
EPS (TTM)
$-0.82
EPS (Fwd)
$0.91
ROE
-22.7%
ROA
3.9%
Cash
$200.7M
Total Debt
$763.2M
Free CF
$37.3M
52W Change
-13.9%
Annual Financials
Cash vs Debt
On the balance sheet, ARRY has $200.7M in cash with $763.2M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $37.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -22.7% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.9% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $853.3M to $1.28B.
A beta of 1.80 means ARRY is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Array Technologies, Inc. and its sector.