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's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for ARRY turned positive on July 07, 2025. Looking at past instances where ARRY's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for ARRY's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Momentum Indicator moved above the 0 level on July 09, 2025. You may want to consider a long position or call options on ARRY as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
ARRY moved above its 50-day moving average on July 01, 2025 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for ARRY moved above the 200-day moving average on June 24, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where ARRY advanced for three days, in of 259 cases, the price rose further within the following month. The odds of a continued upward trend are .
ARRY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 of 62 cases within the following month. The odds of a continued downward trend are .
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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