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We are a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic ( PV ) sites. With solutions engineered to withstand harsh weather conditions, Array s high-quality solar trackers, fixed-tilt systems, software platforms, foundation solutions, and field servic…
$6.01
$0.11 (-1.72%)
Live · 05:20 PM
The business is unprofitable at the operating level (-2.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 40.2% YoY with margins expanding 22.5pp. However, free cash flow softened 46%, worth monitoring whether this is timing or structural.
Free cash flow declined 46% versus the prior year, cash generation momentum has weakened. Net debt of $522M represents 6.5x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.21B
▲ +40.2% YoY
Net Income (TTM)
-$67M
▲ +78.3% YoY
Op. Margin
-4.08%
▲ +22.5pp YoY
ROIC
-5.30%
▲ +18.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$58M
▼ -45.6% YoY
Op. Cash Flow (TTM)
$85M
▼ -33.9% YoY
Net Debt
$563M
Cash & Equiv.
$201M
3Y CAGR: -7.8%
3Y CAGR: -15.2%
Continue Research
Array Technologies (ARRY) trades above a two-stage DCF intrinsic value of about $2.93 per share, so at $6.01 the stock looks overvalued (51.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Array Technologies scores 17/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $2.93 per share for ARRY, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $2.20. At today's $6.01, that puts the stock about 51.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Array Technologies scores 17 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -4.1% operating margin and a -5.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. ARRY currently trades above its estimated intrinsic value and scores 17/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.