Array Technologies, Inc. is a provider of utility-scale solar tracker technology. Co. manufactures ground-mounting tracking systems used in utility and distributed generation solar energy projects worldwide. Co.'s segments include Array Legacy Operations and STI Legacy Operations. Its principal products are a portfolio of integrated solar tracking systems comprised of software and hardware that include, component parts, such as steel tubing, steel supports, drivelines, center structures, electric motors, motor controller assemblies, bearing assemblies, gearboxes and electronic controllers commonly referred to as a single-axis tracker. We show 58 historical shares outstanding datapoints in our ARRY shares outstanding history coverage, used to compute ARRY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ARRY market cap history over the course of time is important for investors
interested in comparing ARRY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ARRY versus a peer is one thing; comparing
ARRY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ARRY can fluctuate over the course of history.
With this page we aim to empower investors researching ARRY by allowing them to research the ARRY market cap history. |
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Video: The Importance of Market Cap
