Array Technologies (FRA:9AY) Construction In Progress: €19 Mil (As of Mar. 2026)


FRA:9AY Array Technologies Inc FRA:9AY
74 GF Score
Price €6.02
GF Value €8.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Array Technologies Construction In Progress?

Array Technologies FRA:9AY -3.22% 74 Construction In Progress is €19 Mil as of Mar. 2026. GuruFocus rates FRA:9AY with a GF Score™ of 74/100 and a GF Value™ of €8.21 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Array Technologies's quarterly construction in progress increased from Sep. 2025 (€12 Mil) to Dec. 2025 (€16 Mil) and increased from Dec. 2025 (€16 Mil) to Mar. 2026 (€19 Mil).

Array Technologies's annual construction in progress declined from Dec. 2023 (€6 Mil) to Dec. 2024 (€4 Mil) but then increased from Dec. 2024 (€4 Mil) to Dec. 2025 (€16 Mil).

Array Technologies Construction In Progress Historical Data

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The historical data trend for Array Technologies's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Array Technologies Construction In Progress Chart

Array Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 1.66 4.85 5.68 3.77 15.52

Array Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.03 8.49 12.15 15.52 18.80
FRA:9AY
74GF Score
Array Technologies Inc FRA:9AY
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Array Technologies Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €19 Mil mean?
Array Technologies (FRA:9AY) has a Construction In Progress of €19 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Array Technologies and its competitors.
Is Array Technologies' Construction In Progress too high?
Array Technologies' current Construction In Progress is €19 Mil. Overall, Array Technologies has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' Construction In Progress compare to CSIQ and JKS?
Array Technologies' Construction In Progress of €19 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Semiconductors company?
A good Construction In Progress depends on the Semiconductors industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Array Technologies and its competitors. Array Technologies's current Construction In Progress is €19 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (FRA:9AY) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.21, compared to a current price of €6.02 — trading 26.7% below its estimated fair value. The current Construction In Progress is €19 Mil. Array Technologies' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Array Technologies (FRA:9AY), the current Construction In Progress is €19 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Array Technologies (FRA:9AY) Overvalued in 2026?

Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued. The current stock price of €6.02 is trading 26.7% below its estimated GF Value™ of €8.21. GuruFocus considers Array Technologies to be Modestly Undervalued.

Key valuation signals for FRA:9AY:

  • Construction In Progress: €19 Mil
  • GF Value™: €8.21 vs. price of €6.02 (26.7% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the FRA:9AY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Array Technologies Business Description

Other Exchanges ARRY:USA9AY:Germany
Address 3901 Midway Place NE, Albuquerque, NM, USA, 87109
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
74GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.02
Price
€8.21
GF Value