Shares of solar tracking systems manufacturer Array (NASDAQ:ARRY)
jumped 7.8% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue, EPS, and EBITDA expectations. The big surprise came from sales, which nearly doubled from last year, thanks to a big pickup in shipments and solid gains in international deals. Zooming out, we think this quarter featured some important positives.
Solar tracking systems manufacturer Array (NASDAQ:ARRY) announced better-than-expected revenue in Q1 CY2025, with sales up 97.1% year on year to $302.4 million. The company’s full-year revenue guidance of $1.1 billion at the midpoint came in 0.6% above analysts’ estimates. Its non-GAAP profit of $0.13 per share was 47.4% above analysts’ consensus estimates.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 11.2% over the past six months. This drop was worse than the S&P 500’s 5.6% decline.
Hitting a new 52-week low can be a pivotal moment for any stock.
These floors often mark either the beginning of a turnaround story or confirmation that a company faces serious headwinds.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the renewable energy industry, including Plug Power (NASDAQ:PLUG) and its peers.
Looking back on renewable energy stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Array (NASDAQ:ARRY) and its peers.
Over the last six months, Array shares have sunk to $5.70, producing a disappointing 10.5% loss - worse than the S&P 500’s 1.4% drop. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Shares of solar tracking systems manufacturer Array (NASDAQ:ARRY)
fell 21.4% in the afternoon session after the company reported weaker than expected fourth quarter 2024 results, with EBITDA missing Wall Street's estimates and full-year guidance coming in significantly below expectations, not exactly what investors wanted to see.
Solar tracking systems manufacturer Array (NASDAQ:ARRY) announced better-than-expected revenue in Q4 CY2024, but sales fell by 19.4% year on year to $275.2 million. The company expects next quarter’s revenue to be around $265 million, coming in 26.3% above analysts’ estimates. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
Solar trackers enable solar panels to generate 20% to 30% more power since they adjust the panels to follow the sun during the day. Here's 2 of the top makers.
