Key Highlights:
- Array Technologies (ARRY, Financial) surpasses earnings and revenue expectations with a significant year-over-year growth.
- Wall Street analysts project a substantial potential upside for ARRY's stock price.
- GuruFocus estimates suggest ARRY is currently undervalued with strong growth prospects.
Array Technologies' Impressive Q1 Performance
Array Technologies (ARRY) reported a strong fiscal first quarter with non-GAAP earnings per share reaching $0.13. This figure beat market forecasts by $0.04, showcasing the company’s solid performance. Revenue surged to $302.36 million, representing an impressive 97.1% increase compared to the same quarter last year, and surpassed expectations by $38 million.
Revenue Outlook and Future Growth
Looking ahead to 2025, Array Technologies has set a revenue guidance range between $1.05 billion and $1.15 billion, reflecting their confidence in continued growth and market expansion.
Wall Street Analysts' Projections
According to estimates from 24 analysts, the average one-year price target for Array Technologies Inc (ARRY, Financial) is $7.95. This includes a high estimate of $13.00 and a low estimate of $5.00. At the current price of $4.93, the average target suggests a potential upside of 61.26%. For further insights, visit the Array Technologies Inc (ARRY) Forecast page.
Analysts' Recommendations and GF Value Assessment
On the recommendation scale from 27 brokerage firms, Array Technologies Inc (ARRY, Financial) holds an average recommendation of 2.3, indicating an "Outperform" status. This scale is from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
According to GuruFocus estimates, the one-year GF Value for Array Technologies Inc (ARRY, Financial) is $12.01. This signifies a potential upside of 143.61% from the current price of $4.93. The GF Value is a proprietary metric that estimates the fair value at which a stock should be traded, factoring in historical trading multiples, past growth, and future performance projections. For comprehensive data, visit the Array Technologies Inc (ARRY) Summary page.
