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ARRY · Array Technologies, Inc.

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$4.84 +0.04 (+0.83%) At close · Nov 13
Russell 2000 member Rebalance outlook locked
Market Cap
$746.66M
Shares
154.27M
Volume · Nov 13 8.75M Avg daily vol (3M) 8.39M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$4.84 Open$4.75 Day$4.63–4.92 52W close$3.15–11.96 Avg vol 30d10.8M Short int39.9M · 25.8% of shares · 5.5d Short vol81% Last earningsNov 5, 2026 DataOct 2020–Nov 2026 Filing10-Q · Nov 9

Up next

Next earnings call
Feb 24, 2027 Est · unconfirmed · in 14 wks
Q2 2026 earnings call transcript
call held Aug 5, 2026
Play latest call

Latest documents

2026
Nov 9
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Proposed Shoals merger leaves legacy holders with 35%

Array Technologies agreed to merge with Shoals Technologies Group; upon closing, legacy stockholders would own approximately 35% of the combined company, and each issued and outstanding Shoals Class A share, excluding certain shares, would convert into 1.6931 Array common shares.

Revenue $330.21M ▼ 16.1% Net income $8.2M ▼ 75.5% Diluted EPS -$0.05
Read from the MD&A section
2 source passages
On November 4, 2026, we entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Shoals Technologies Group, Inc., a Delaware corporation (“Shoals”), and Pensacola Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Array (“Merger Sub”). each share of Class A common stock, par value $0.00001 per share of Shoals (“Shoals Common Stock”) issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) will be converted into the right to receive 1.6931 shares of Array’s common stock, par value $0.001 per share of the Company (“Common Stock”) and, if applicable, cash in lieu of fractional shares. Upon closing of the Merger, legacy Array stockholders will own approximately 35% of the combined company. Open the document at this passage
Nov 4
Current report 8-K
Shoals acquisition set at 1.6931 Array shares per share

Array Technologies, Inc. agreed on November 4, 2026 to acquire Shoals Technologies Group, Inc. in a merger, with each Shoals share converting into 1.6931 Array shares. Shoals CEO Brandon Moss would become Array CEO upon closing.

Entered into a material agreement, Director or officer change, or executive pay, Regulation FD disclosure Read from the first part of this long document
3 source passages
On November 4, 2026, ARRAY Technologies, Inc., a Delaware corporation (“ARRAY”), entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), by and among ARRAY, Shoals Technologies Group, Inc., a Delaware corporation (“Shoals”), and Pensacola Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of ARRAY (“Merger Sub”), pursuant to which, subject to the terms and conditions of the Merger Agreement, Merger Sub will merge with and into Shoals (the “Merger”), with Shoals surviving the Merger as a direct wholly owned subsidiary of ARRAY. Subject to the terms and conditions of the Merger Agreement, at the date and time the Merger becomes effective (the “Effective Time”), each share of Class A common stock, par value $0.00001 per share, of Shoals (“Shoals common stock”) issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) will be converted into the right to receive 1.6931 shares (the “Exchange Ratio”) of common stock, par value $0.001 per share, of ARRAY (“ARRAY common stock”) and, if applicable, cash in lieu of fractional shares (the “Merger Consideration”). Pursuant to the Merger Agreement, the ARRAY Board will appoint Brandon Moss, age 48, the current Chief Executive Officer of Shoals, as Chief Executive Officer of ARRAY and as a member of the ARRAY Board, in each case effective as of, and subject to the occurrence of, the Effective Time. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.12B
Trailing 12 months
Net income (TTM)
−$111.21M
Trailing 12 months
Revenue growth YoY
-16.1%
Year over year
Operating margin
-8.2%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
15.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$518.51M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
0.0%
Year over year · fewer shares
Price change (1Y)
-36.3%
Trailing year
Short interest
25.8%
Latest settlement · 5.5 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▼19.4% $275.23M −$126.90M '24 Q4* ▲97.1% $302.36M $16.75M '25 Q1 ▲41.6% $362.24M $43.26M '25 Q2 ▲70% $393.49M $33.50M '25 Q3 ▼17.9% $226.04M −$145.75M '25 Q4* ▼26.1% $223.41M $2.00M '26 Q1 ▼5.6% $342.06M $24.35M '26 Q2 LATEST ▼16.1% $330.21M $8.20M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q2 FY26 earnings call · Aug 5, 2026
Q2 FY26

TL;DR. Array Technologies reported Q2 revenue of $342M (up 53% sequentially and above $300-$320M guidance), record $2.5B orderbook (+37% YoY), and raised full-year adjusted gross margin guidance to 27%-28% and adjusted EPS to $0.68-$0.75, while management signaled H2 revenue may track below the midpoint due to project timing shifts into 2027 and updated free cash flow conversion to 20%-25% of EBITDA.

Bullish
  • + Q2 revenue of $342M beat $300-$320M guidance, with adjusted gross margin of 30.8% (+300 bps YoY) and adjusted EBITDA more than doubling sequentially to $63M
  • + Record $2.5B orderbook achieved for third consecutive quarter, up 37% YoY, with trailing twelve-month book-to-bill of 1.5x and over $500M of new bookings
Bearish
  • − Management flagged potential Q2 2026 revenue tracking below the midpoint of $1.4B-$1.5B full-year guidance due to permitting and site readiness timing pushing revenue into 2027
  • − Q3 2026 revenue guidance of $310-$330M implies a back-half-loaded year, with Q4 expected to require substantial shipment ramp
  • − Full-year free cash flow conversion cut to approximately 20%-25% of adjusted EBITDA from prior expectation of similar pace to 2025, as Q4 collections shift into Q1 2027

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −27%
below
Price vs 50-day avg +19%
above
RSI (14) 57
neutral
MACD trend Positive
52-week position 19%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return +41%
trailing
6-month return −43%
trailing
YTD return −48%
this year
Relative strength −43%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $4 › 200d $7 — 200d above 50d
Institutional flow Distributing
228 of 270 funds reported for Sep 30 · net -8.1M sh shares · +28 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
25.85% of shares out · ▼ -7.2% MoM · 5.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
270 holders — mid 3-yr range
Squeeze score 74
high risk · 0–100
Fundamentals
Strong
Revenue growth +40%
Y/Y
Gross margin 23%
contracting
EPS growth +63%
Y/Y
Free cash flow $79.8M
Balance sheet $424.6M
net debt
Quant / Vol
risk profile
Very High
Volatility 81%
annualized · 1-yr
Max drawdown −74%
past year
ATR 8.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 8 of last 8
Latest guidance · from the 8-K filed Aug 5, 2026
full-year 2026
Adjusted Gross Margin Non-GAAP Raised 27% – 28%
May 6, 2026 26% – 27% changed to Aug 5, 2026 27% – 28%
Revenue Maintained $1.4B – $1.5B
Feb 25, 2026 $1.4B – $1.5B changed to Aug 5, 2026 $1.4B – $1.5B
prior FY $1.28B midpoint +12.9% Y/Y
Adjusted EBITDA Non-GAAP Raised $210M – $230M
May 6, 2026 $200M – $230M changed to Aug 5, 2026 $210M – $230M
Full-Year 2026
FY Adjusted G&A Non-GAAP Maintained 12%
May 6, 2026 12% changed to Aug 5, 2026 12%
Previous outlook earlier release · from the 8-K filed May 6, 2026

Still-open targets the latest release did not restate under the same label.

FY Adjusted Gross Margin · FY 2026 26% – 27%
Prior guidance period ended · from the 8-K filed Aug 5, 2026
Revenue · quarter ending September 30, 2026 $310M – $330M
Guided vs delivered · last 8 settled
Revenue quarter ending September 30, 2026
guided $310M – $330M
$330.21M Beat +3.2%
Revenue second quarter
guided $300M – $320M
$342.07M Beat +10.3%
1Q 2026 revenue 1Q 2026
guided $200M
$223.41M Beat +11.7%
Revenue For the year ending December 31, 2025
guided $1.25B – $1.28B
$1.28B Beat +1.5%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−27% Bearish
Price vs 50-day avg
+19% Bullish
RSI (14)
57 Neutral
MACD trend
Positive Bullish
52-week position
19% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $4 › 200d $7 — 200d above 50d
Institutional flow Distributing
228 of 270 funds reported for Sep 30 · net -8.1M sh shares · +28 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
25.85% of shares out · ▼ -7.2% MoM · 5.5 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
270 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $3 Now $5 · 19% Range high $12
vs 200-day avg -27% vs 50-day avg +19%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
102 GW TRACKERS DELIVERED GLOBALLY 102 cumulative as of 2Q26 —
A-Frame® quote requests growth QoQ 50% 2Q26 QoQ —
Active Patents 259 as of 2Q26 —
Adjusted EBITDA non-GAAP 92.09M Six Months Ended June 30, 2026 —
Adjusted EBITDA Margin non-GAAP 18.5% 2Q26 —
Adjusted EPS non-GAAP $0.24 2Q26 —
Adjusted general and administrative expense non-GAAP $85.45M Six Months Ended June 30, 2026 —
Adjusted gross margin non-GAAP 30.8% Six Months Ended June 30, 2026 —
Adjusted gross profit non-GAAP 173.92M Six Months Ended June 30, 2026 —
Adjusted net income non-GAAP $45.88M Six Months Ended June 30, 2026 —
Adjusted net income per common share non-GAAP $0.3 Six Months Ended June 30, 2026 —
APA YTD Revenue Growth YoY 17% YTD 2Q26 —
Available Liquidity $640.2M As of June 30, 2026 —
Employees 1,200 as of 2Q26 —
Free cash flow non-GAAP $76.71M Six Months Ended June 30, 2026 —
Net Debt $362.7M As of June 30, 2026 —
new orders $500M Q2 2026 —
New products account for ~50% of orderbook 50% 2Q26 —
Pending Patents 230 as of 2Q26 —
total executed contracts and awarded orders $2.5B Q2 2026 —
Trailing Twelve Months (TTM) Adj EBITDA non-GAAP $176M TTM as of June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Solar — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ARRY
Array Technologies, Inc.
this stock
$746.66M -47.5% +40.2% — 25.8%
FSLR
First Solar, Inc.
 $18.42B -34.4% +24.1% 9.9 10.4%
NXT
Nextpower Inc.
 $14.31B +9.1% +20.3% 23.9 6.8%
ENPH
Enphase Energy, Inc.
 $3.45B -18.7% +10.7% 38.9 20.7%
RUN
Sunrun Inc.
 $2.09B -53.1% +13.0% 4.4 29.4%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
265
% held
148.7%
Reported
228 of 270
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
209
View
Short & Settlement
Short Interest Falling
Shares short
39.9M
Days to cover
5.5d
Change
-3.1M sh
View
Short Volume
Short vol %
81%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
44.0K
Value
$171.6K
As of
Oct 6, 2026
View
Off-Exchange
Off-exchange %
38.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Sell
Member
Daniel Goldman
Amount
$1.0K–$15.0K
Traded
Apr 10, 2023
View
Financials
Financials
Revenue (FY)
$1.3B
Net income (FY)
$-52.2M
EPS diluted
$-0.73
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 9, 2026
This year
20

Array Technologies agreed to merge with Shoals Technologies Group; upon closing, legacy stockholders would own approximately 35% of the combined company, and each issued and outstanding Shoals Class A share, excluding certain shares, would convert into 1.6931 Array common shares.

View
Proposed Sales
Value
$200.1K
Shares
31.9K
Filed
Nov 12, 2024
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
ARRAY Technologies Announces Thir…
Published
Oct 14, 2026
View

Performance

5D 20D 120D MTD YTD
ARRY -17.3% +41.1% -42.5% +42.8% -47.5%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -19.9% +42.3% -43.0% +43.0% -58.1%
Key facts CIK 1820721 CUSIP 04271T100 13F (30d) 210 filings 184 filers Visit website Investor relations