3 Solar Stocks Best Positioned to Benefit From AI
| ARRY Stock | USD 7.15 0.47 7.04% |
Slightly above 56% of all Array Technologies' investors are looking to take a long position. The analysis of overall sentiment of trading Array Technologies stock suggests that some investors are interested 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.
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These solar stocks are well positioned due to AI energy demands and carbon reduction plans at the enterprise level.
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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.
Cash Flow From Operations
Cash Flow From Operations Comparative Analysis
Array Technologies is currently under evaluation in cash flow from operations category among its peers. Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
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
| JKS | JinkoSolar Holding | 3.66 | ||||
| NXT | Nextracker | 3.46 | ||||
| SEDG | SolarEdge Technologies | 2.70 | ||||
| CSIQ | Canadian Solar | 2.34 | ||||
| ENPH | Enphase Energy | 1.94 | ||||
| FSLR | First Solar | 0.83 | ||||
| RUN | Sunrun | 0.32 | ||||
| NOVA | Sunnova Energy | 6.21 |
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.