Array Technologies Intrinsic Value Calculation – ARRAY TECHNOLOGIES Reports Fourth Quarter Earnings for FY2022 Ending March 21, 2023
March 25, 2023
Earnings Overview
ARRAY TECHNOLOGIES ($NASDAQ:ARRY) reported their fourth quarter FY2022 earnings results on December 31, 2022, ending on March 21, 2023. Total revenue increased by a remarkable 76.0%, amounting to USD -5.2 million. Net income also rose by 82.9%, to USD 402.1 million, over the same period.
Market Price
ARRAY TECHNOLOGIES reported its fourth-quarter earnings for fiscal year 2022 on Tuesday. The stock opened at $17.8 and closed at $18.7, up 8.6% from the prior closing price of 17.2. The company also made progress in expanding its customer base and gaining more market share across multiple sectors.
Overall, ARRAY TECHNOLOGIES’ impressive quarterly performance has prompted optimism about its future prospects and helped the company’s stock prices soar. The company is now expected to continue its upward trend in revenue and profits as it continues to expand its customer base and benefit from increased demand for its products. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Array Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 1.64k | -43.62 | -1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Array Technologies. More…
| Operations | Investing | Financing |
| 141.49 | -384.44 | 8.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Array Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.71k | 1.28k | 2.82 |
Key Ratios Snapshot
Some of the financial key ratios for Array Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 36.2% | – | 1.7% |
| FCF Margin | ROE | ROA |
| 8.0% | 4.6% | 1.0% |
Analysis – Array Technologies Intrinsic Value Calculation
At GoodWhale, we have conducted a thorough analysis of ARRAY TECHNOLOGIES‘s fundamentals to determine its fair value. Our proprietary Valuation Line has determined that the fair value of ARRAY TECHNOLOGIES share is around $31.9. We believe that this undervaluation presents an attractive opportunity for investors who are looking to capitalize on a potential upside. More…
Peers
It is a major competitor to other leading solar companies such as Solar Alliance Energy Inc, Shoals Technologies Group Inc, and Sunrun Inc. All of these companies are dedicated to harnessing the power of the sun and providing clean, renewable energy to their customers.
– Solar Alliance Energy Inc ($TSXV:SOLR)
Solar Alliance Energy Inc is a Canadian renewable energy provider that specializes in the design, acquisition, installation and maintenance of solar energy systems for commercial and residential customers. The company has a market cap of 22M as of 2023, and a Return on Equity (ROE) of 66.5%. This indicates that Solar Alliance Energy Inc is a highly profitable and efficient firm, as a high ROE reflects the ability of the company to generate profits from its shareholder’s investments. This also means that the company is able to effectively use its resources to generate returns for its shareholders. The market cap of 22M also demonstrates the company’s potential to grow and expand as it has a solid base of capital to draw on.
– Shoals Technologies Group Inc ($NASDAQ:SHLS)
Shoals Technologies Group Inc. is a leading developer of solar energy solutions and products for the utility, commercial, and residential markets. Founded in 2001, the company is headquartered in Nashville, Tennessee and has offices in China, India, and the US. As of 2023, Shoals Technologies Group Inc. had a market cap of 3.27B and a Return on Equity of 143.31%. This indicates that the company is performing well financially, as it is able to generate a large amount of profits compared to the amount of equity it has invested. The company’s success can be attributed to its focus on delivering innovative solar energy solutions that are reliable and cost-effective.
– Sunrun Inc ($NASDAQ:RUN)
Sunrun Inc is a leading provider of residential solar, battery storage, and energy services. As of 2023, the company has a market cap of 5.92B, indicating that it is one of the largest solar energy companies in the United States. Sunrun’s Return on Equity (ROE) of -3.98% indicates that the company has not been able to generate enough returns on its shareholders’ investment. The company is working towards increasing its ROE in order to improve shareholder returns.
Summary
Investors in ARRAY TECHNOLOGIES have reason to be optimistic about the company’s performance. For the fourth quarter of FY2022, ARRAY TECHNOLOGIES reported a 76.0% increase in total revenue from the previous year, resulting in a total of USD -5.2 million. Net income rose by 82.9%, amounting to USD 402.1 million.
This indicates that the company’s business is growing rapidly, giving investors a good reason to believe in long-term success for the company. The stock price also moved up on the same day, further reinforcing confidence in the company’s growth potential.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
