Array Technologies is a manufacturer of ground-mounting systems used in solar energy projects. Co.'s principal products are a portfolio of integrated solar tracking systems comprised of software and hardware, including steel supports, electric motors, gearboxes and electronic controllers commonly referred to as a single-axis tracker. Co.'s products include: DuraTrack® HZ v3, which is Co.'s single axis tracker and incorporates features such as a single-bolt per module mounting system, a passive wind load mitigation system and a low number of motors and controls per megawatts; and Array STI H250, which is designed to deliver a Levelized Cost of Energy with a dual-row tracker system. We show 51 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. |
Free ARRY Email Alerts:
Video: The Importance of Market Cap
