Array Technologies Inc. (ARRY, Financial) experienced a significant stock price drop of 5.01%, trading at $6.35 per share. The trading volume reached 3.00548 million shares with a turnover rate of 1.98% and a price fluctuation of 7.49%. The company's recent financial report showed a revenue of $231 million, a net loss of $141 million, and earnings per share of -$1.02. The gross profit was $69.44 million, with a price-to-earnings ratio of -6.49.
Analyst ratings indicate that 58% of 24 institutions recommend buying, 38% suggest holding, and 4% advise selling. The solar sector, where Array operates, saw an overall decline of 1.71%. Notable performers in the sector included Solarmax Technology Inc. and Spruce Power Holding Corporation.
Array Technologies specializes in manufacturing ground-mount systems for solar projects, particularly single-axis trackers that optimize solar panel orientation to enhance energy production. The company operates primarily in the U.S., with a presence in Australia, Spain, Brazil, and other regions.
