Why Array Stock Is Falling Today
| ARRY Stock | USD 9.01 0.10 1.10% |
Slightly above 61% of Array Technologies' investor base is looking to short. The analysis of overall sentiment of trading Array Technologies stock suggests that many investors are alarmed at this time. Array Technologies' investing sentiment can be driven by a variety of factors including economic data, Array Technologies' earnings reports, geopolitical events, and overall market trends.
Shares of solar tracking systems manufacturer Array fell 6.8 percent in the afternoon session after President Donald Trump announced his administration would not approve new solar or wind power projects, causing a sell-off in the renewable energy sector. The move came after President Donald Trump posted on his social media platform, Truth Social, that We will not approve wind or farmer destroying Solar, adding, The days of stupidity are over in the USA This statement escalated his
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Array Technologies Fundamental Analysis
We analyze Array Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Array Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Array Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Array Technologies is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Array Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Array Technologies stock to make a market-neutral strategy. Peer analysis of Array Technologies could also be used in its relative valuation, which is a method of valuing Array Technologies by comparing valuation metrics with similar companies.
Peers
Array Technologies Related Equities
| MAXN | Maxeon Solar | 0.82 |
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| ACAD | ACADIA Pharmaceuticals | 0.91 |
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| FSLR | First Solar | 0.93 |
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| SHLS | Shoals Technologies | 1.21 |
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| NXT | Nextracker | 1.25 |
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| EXEL | Exelixis | 1.27 |
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| RUN | Sunrun | 2.44 |
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Additional Tools for Array Stock Analysis
When running Array Technologies' price analysis, check to measure Array Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Array Technologies is operating at the current time. Most of Array Technologies' value examination focuses on studying past and present price action to predict the probability of Array Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Array Technologies' price. Additionally, you may evaluate how the addition of Array Technologies to your portfolios can decrease your overall portfolio volatility.