TRENDING KEYWORDS
Array Technologies (ARRY, $10.57) beats revenue estimates; misses earnings forecast
Array Technologies fourth quarter revenue exceeded analysts’ expectations. However, its earnings missed estimates.
The company’s Q4 2021 revenues rose +22% from the year-ago quarter to $219.9 million, beating the consensus estimates of $213.82 million.
Adjusted net loss incurred in the quarter was -$0.06, wider than the expected -$0.03.
Looking ahead, Array projects 2022 revenue in the range of $1.45-$1.75 billion against street expectations of $1.39 billion. The expected revenue growth is roughly 85% at the midpoint, while the legacy Array business is projected to grow by over +40% .
ARRY in downward trend: 10-day moving average crossed below 50-day moving average on April 12, 2022
The 10-day Moving Average for ARRY crossed bearishly below the 50-day moving average on April 12, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 83%.
Throughout the month of 04/13/22 - 05/16/22, the price experienced a -25% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -5%.
The Momentum Indicator moved below the 0 level on May 16, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on ARRY as a result. In 47 of 60 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
ARRY moved below its 50-day Moving Average on April 07, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARRY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
The Aroon Indicator for ARRY entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ARRY's RSI Oscillator exited the oversold zone, 22 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 36 of 49 cases where ARRY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for ARRY just turned positive on May 13, 2022. Looking at past instances where ARRY's MACD turned positive, the stock continued to rise in 23 of 28 cases over the following month. The odds of a continued upward trend are 82%.
Following a +28.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where ARRY advanced for three days, in 177 of 238 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 78%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.08.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. ARRY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 87 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ARRY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
The Tickeron Valuation Rating of 69 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.804) is normal, around the industry mean (16.293). P/E Ratio (0.000) is within average values for comparable stocks, (75.720). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.077). ARRY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (1.058) is also within normal values, averaging (21.956).
The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.
The average market capitalization across the Electrical Products Industry is 3B. The market cap for tickers in the group ranges from 68.7K to 153.4B. NISSF holds the highest valuation in this group at 153.4B. The lowest valued company is SNRY at 68.7K.
The average weekly price growth across all stocks in the Electrical Products Industry was -1.71%. For the same Industry, the average monthly price growth was -10.43%, and the average quarterly price growth was -31.9%. ENKS experienced the highest price growth at 57.14%, while ILIKF experienced the biggest fall at -36.09%.
- 5/4/22 8:26 AM: Array Technologies (ARRY, $8.24) was a top weekly gainer, with a +20.82% jump
- 3/12/22 8:06 AM: Array Technologies (ARRY, $10.62) was a top weekly gainer, with a +15.18% jump. Expect an Uptrend continuation
- 2/26/22 6:56 AM: Array Technologies (ARRY, $10.22) was a top weekly gainer, with a +13.68% jump
The average weekly volume growth across all stocks in the Electrical Products Industry was 3.95%. For the same stocks of the Industry, the average monthly volume growth was 53.85% and the average quarterly volume growth was -43.57%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.32.
53 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 79%.
The most notable companies in this group are Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Plug Power (NASDAQ:PLUG), First Solar (NASDAQ:FSLR), SunPower Corp (NASDAQ:SPWR), Bloom Energy Corp (NYSE:BE), GrafTech International Ltd (NYSE:EAF), Canadian Solar (NASDAQ:CSIQ), FuelCell Energy (NASDAQ:FCEL).
The average market capitalization across the group is 2.9B. The market cap for tickers in the group ranges from 695.5K to 57.5B. ABB holds the highest valuation in this group at 57.5B. The lowest valued company is PSWW at 695.5K.
The average weekly price growth across all stocks in the group was -2.22%. For the same group, the average monthly price growth was -15.36%, and the average quarterly price growth was -41.63%. FWAV experienced the highest price growth at 28.89%, while XDSL experienced the biggest fall at -45.67%.
- 5/14/22 4:24 AM: Shoals Technologies Group (SHLS, $12.58) was a top loser this week, declining -7.3%
- 5/14/22 4:22 AM: Redflow (REFXF, $0.03) was a top weekly gainer, with a +11.31% jump
- 5/12/22 5:38 AM: Flux Power Holdings (FLUX, $2.12) is a top weekly loser for penny stocks, falling -19.08%
The average weekly volume growth across all stocks in the group was -5.25%. For the same stocks of the group, the average monthly volume growth was 198.9% and the average quarterly volume growth was 25.12%
- 5/11/22 7:39 AM: The volume for Zinc8 Energy Solutions stock increased for two consecutive days, resulting in a record-breaking daily growth of 178% of the 65-Day Volume Moving Average
- 4/14/22 4:48 AM: The volume for Zinc8 Energy Solutions stock increased for one day, resulting in a record-breaking daily growth of 228% of the 65-Day Volume Moving Average
- 4/12/22 7:06 AM: The volume for Zinc8 Energy Solutions stock increased for one day, resulting in a record-breaking daily growth of 354% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Plug Power (NASDAQ:PLUG), First Solar (NASDAQ:FSLR), SunPower Corp (NASDAQ:SPWR), Bloom Energy Corp (NYSE:BE), GrafTech International Ltd (NYSE:EAF), Canadian Solar (NASDAQ:CSIQ), FuelCell Energy (NASDAQ:FCEL).
The industry produces a diverse range of electricity-powered equipment, appliances and components, catering to both households and industries. The products include power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; light bulbs, tubes, fittings and electric signs etc. Consumer income, construction spending, and industrial production are major drivers of demand for this industry’s products. Large companies tend to have economies of scale in production, marketing, and distribution, while smaller companies can potentially carve out their own market through niche or specialty offerings. The US electrical products manufacturing industry includes about 5,700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $125 billion. (according to a study published in First Research). Emerson Electric Co., Hubbell Incorporated and Eaton Corporation plc are major electrical products makers in the U.S.
The average market capitalization across the Electrical Products Industry is 3B. The market cap for tickers in the group ranges from 68.7K to 153.4B. NISSF holds the highest valuation in this group at 153.4B. The lowest valued company is SNRY at 68.7K.
The average weekly price growth across all stocks in the Electrical Products Industry was -1.75%. For the same Industry, the average monthly price growth was -10.46%, and the average quarterly price growth was -31.94%. ENKS experienced the highest price growth at 57.14%, while XDSL experienced the biggest fall at -45.67%.
- 5/14/22 4:24 AM: Shoals Technologies Group (SHLS, $12.58) was a top loser this week, declining -7.3%
- 5/14/22 4:22 AM: Redflow (REFXF, $0.03) was a top weekly gainer, with a +11.31% jump
- 5/12/22 5:38 AM: Flux Power Holdings (FLUX, $2.12) is a top weekly loser for penny stocks, falling -19.08%
The average weekly volume growth across all stocks in the Electrical Products Industry was -60.98%. For the same stocks of the Industry, the average monthly volume growth was -24.49% and the average quarterly volume growth was -76.25%
- 5/11/22 7:39 AM: The volume for Zinc8 Energy Solutions stock increased for two consecutive days, resulting in a record-breaking daily growth of 178% of the 65-Day Volume Moving Average
- 4/14/22 4:48 AM: The volume for Zinc8 Energy Solutions stock increased for one day, resulting in a record-breaking daily growth of 228% of the 65-Day Volume Moving Average
- 4/12/22 7:06 AM: The volume for Zinc8 Energy Solutions stock increased for one day, resulting in a record-breaking daily growth of 354% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
