Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.21 per share a year ago.
Nuclear energy news helped solar energy for once.
Array Technologies (ARRY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Array Technologies is undervalued due to fears of potential tax-policy changes for the solar industry if Republicans sweep the 2024 election, alongside overly aggressive short-selling efforts. U.S. demand for renewable electricity sources is expected to grow due to increasing EV adoption and AI datacenter expansion, despite political uncertainties. A surprise Democratic win could boost solar stocks significantly, while a divided government result may maintain current green energy incentives, making solar equities attractive again.
Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short-term challenges, with the US solar capacity expected to grow significantly, with 737GW of new capacity expected to come on board through 2035. ARRY offers a more compelling FCF yield than close peer NXT, whilst its superior medium-term earnings growth trajectory makes its P/E multiple look very attractive.
NOC's airborne fire control radars are used in the U.S. Air Force's 5th generation fighter platforms, the F-22 Raptor and the F-35 Lightning II, apart from F-16 jets.
First Generation ‘MicroPearls Pro™'and "MicroPearls ProX™" Will Support Largest Mushroom Ingredient Categories LAS VEGAS, NV / ACCESSWIRE / September 30, 2024 / Hypha Labs, Inc. (OTCQB:FUNI), a pioneer in functional mushroom sciences and the creator of the MicroPearls™ suite of products, is pleased to announce the first Functional Mushroom ingredient array for its first generation products, the MicroPearls Pro™, designed for home use and The MicroPearls ProX™ which is being designed for large-scale commercial ingredient production and is expected to produce an identical array. Both devices rely on a ‘mushroom accelerator' which leverages the Company's proprietary methodology and solution to produce functional mushroom ingredients in an eight day cycle.
Solar stocks have seen quite a rebound this week following Tuesday's presidential debate in which democratic nominee Kamala Harris emphasized building out alternative energy assets.
In the latest trading session, Array Technologies, Inc. (ARRY) closed at $6.68, marking a +1.21% move from the previous day.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
ARRY, BSM and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on August 19, 2024.
Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Sarah Sheppard - Investor Relations Kevin Hostetler - Chief Executive Officer Neil Manning - President and Chief Operating Officer Kurt Wood - Chief Financial Officer Conference Call Participants Matthew Strauss - JPMorgan Christine Cho - Barclays Jordan Levy - Triust Securities Tyler Bisset - Goldman Sachs Philip Shen - ROTH Capital Partners Jon Windham - UBS Kashy Harrison - Piper Sandler Joseph Osha - Guggenheim partners Andre Adams - Oppenheimer Vikram Bagri - Citi Michael Blum - Wells Fargo Dylan Nassano - Wolfe Research Maheep Mandloi - Mizuho Donovan Schafer - Northland Capital Marketsf Moses Sutton - BNP Paribas Operator Greetings and welcome to Array Technologies' Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only.