Latest news with #ArrayTechnologies
Yahoo
6 days ago
- Business
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Susquehanna Raises Array Technologies (ARRY) PT to $7.50 Amid Q2 Earnings Preview
Array Technologies Inc. (NASDAQ:ARRY) is one of the stocks under $10 to buy now. On July 21, Susquehanna adjusted its price target for Array Technologies to $7.50 from $5.50, while maintaining a Neutral rating on the shares. The adjustment is part of the firm's updated alternative energy estimates ahead of the upcoming Q2 2025 earnings reports. In Q1 2025, Array Technologies announced revenues of $302.4 million, which represented a 97% year-over-year increase and a 10% sequential increase. A construction crew working on a solar energy system, revealing the company's drive for success. Positive developments for Array Technologies include a 143% increase in volume growth over the prior year, making Q1 2025 the second-largest quarter for volume shipped since Q2 2023. The company has also strengthened its management team with the addition of several solar industry veterans, and its new product offerings, such as OmniTrack and SkyLink, are gaining strong traction, now accounting for 15% of Q1 revenue and 30% of new bookings. Array Technologies Inc. (NASDAQ:ARRY) is a company that manufactures and sells solar tracking technology products in the US, Spain, Brazil, Australia, and internationally. While we acknowledge the potential of ARRY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-07-2025
- Business
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Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders
Unusual options activity represents a tricky subject, in large part because of the vagaries of its implications. Because options can be bought and sold — and therefore carry debit- or credit-based structures — it's difficult to say with absolute certainty what the underlying dynamics mean. There has to be an objective mechanism to better determine which ideas could be intriguing and which ones to avoid. Those who want to place a bold wager should put Array Technologies (ARRY) on their radar. More News from Barchart Option Volatility And Earnings Report For July 21 - 25 What Gamma Exposure is Saying About Alphabet Stock Ahead of Earnings Block Stock Spikes on S&P 500 Index Addition. Here's What Traders Need to Know. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. As a provider of solar tracking solutions for the construction, development and operation of solar PV sites, Array stands on interesting ground. On one hand, the world is eagerly embracing clean and renewable energy and solar clearly fits into this narrative. But on the other hand, the Trump administration's policies don't exactly favor ARRY stock. Circumstances have not been particularly conducive for Array, with its equity losing nearly 4% on Monday. Over the past five sessions, ARRY stock is down roughly 10%. Conspicuously, since around mid-May, ARRY appears to have entered a consolidation phase. Still, one could make the argument that, counterintuitively, slowing momentum may eventually be a net positive for ARRY stock. Yesterday, total options volume for the security reached 6,810 contracts, representing a 74.48% lift over the trailing one-month average. However, 5,378 of these contracts were puts, yielding a put/call ratio of almost 3.76. Digging into options flow — which focuses exclusively on big block transactions likely placed by institutional investors — the screener revealed that net trade sentiment slipped to $287,500 below parity. Therefore, most of the puts were debit-based transactions, meaning that they technically represent 'direct' bets against ARRY stock. So, should this worry investors? Most of the puts appear to be for contracts expiring in January 2027. I'm not sure how that would pressure the market downward in the immediate future. In my view, these puts are insurance against volatility, which is very reasonable considering the high beta of 1.74. Plus, the more important point may be that the bad news could be baked in. Using Science to Justify a Long Position in ARRY Stock To say that investors have reflected the pessimism of Array's business (along with optimistic talking points) into the share price of ARRY stock is a reasonable assumption. However, the assertion is that ARRY is now favorably mispriced, that the bears have overextended themselves. This is an extraordinary claim and therefore requires extraordinary evidence. I will let you decide if I have met this criterion. Naturally, those who wish to extract the greatest possible rewards from ARRY stock should consider the options market. But because options have defined profitability thresholds that must be activated within a given time frame, they present a multi-dimensional risk profile. A trader must have a thesis which forecasts magnitude (y-axis) and time (x-axis). To achieve such a predictive model for ARRY stock, we must understand its pattern of intentionality. It's here that most analysts make the mistake of attempting to find patterns in the share price itself. This practice, I would argue, is too chaotic. Instead, it is far more helpful to compress this noise into market breadth or sequences of accumulative and distributive sessions. In effect, we are going to convert the messiness of price discovery into a financial Morse code. Through this code, we can identify recurring patterns and more importantly, how they transition from one behavioral state to another. Conducting this exercise for ARRY stock across rolling 10-week intervals gives us the following demand profile: L10 Category Sample Size Up Probability Baseline Probability Median Return if Up 2-8-D 11 63.64% 43.78% 8.02% 3-7-D 45 64.44% 43.78% 6.08% 3-7-U 6 66.67% 43.78% 8.52% 4-6-D 62 37.10% 43.78% 13.41% 4-6-U 22 9.09% 43.78% 6.59% 5-5-D 12 33.33% 43.78% 7.77% 5-5-U 17 35.29% 43.78% 5.48% 6-4-D 5 60.00% 43.78% 2.43% 6-4-U 20 45.00% 43.78% 7.88% 7-3-U 16 43.75% 43.78% 5.11% 8-2-U 2 50.00% 43.78% 1.02% In the trailing two months, ARRY stock is printing a 3-7-D sequence: three up weeks, seven down weeks, with a negative trajectory across the 10-week period. Ordinarily, this sequence should trigger bearish sentiments as the balance of distributive sessions far outweighs accumulative. However, in 64.44% of cases, the following week's price action results in upside, with a median return of 6.08%. Effectively, this is our alternative hypothesis, that a mispricing exists and that our odds of upside stands at a generous 64.44%. This contrasts with the null hypothesis, which is the assumption of no mispricing. Under this latter paradigm, the null hypothesis is 43.78% — this is the chance that a long position in ARRY stock will be profitable on any given week. Since the 3-7-D sequence tilts the odds favorably for the bullish speculator, an incentive exists to consider a debit-based options strategy. Taking a Shot on Array Technologies For ultra-aggressive speculators, the 6/8 bull call spread expiring Aug. 15 may be tempting. This transaction involves buying the $6 call and simultaneously selling the $8 call, for a net debit paid of $95 (the most that can be lost in the trade). Should ARRY stock rise through the short strike price ($8) at expiration, the maximum reward is $105, a payout of 110.53%. The breakeven price for the above trade is $6.95, which is an important detail. Based on past analogs, the expected price target is around $7.28. Therefore, ARRY stock will require an above-average performance to hit the $8 strike price. Those interested in a much more probabilistic transaction may consider the 6/7 bull spread. However, this trade features a maximum payout of only around 54%. One of the key questions regarding the above strategy is the statistical viability of the 3-7-D sequence. Running a one-tailed binomial test reveals a p-value of 0.0039, translating to a 99.61% confidence level that this signal is 'intentional' rather than random. This also more than meets the scientific threshold of statistical significance, which stands at 95%. To be clear, a high confidence of non-randomness does not mean a higher probability of success. It just states that there is something about this balance of market demand that traders can potentially exploit. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
Crude Prices Finish Slightly Lower on a Mixed EIA Inventory Report
September WTI crude oil (CLU25) on Wednesday closed down -0.06 (-0.09%), and September RBOB gasoline (RBU25) closed up +0.0187 (+0.90%). Crude oil and gasoline prices settled mixed on Wednesday. A build in crude supplies at Cushing, the delivery point for WTI futures, for a third consecutive week, undercut oil prices. Losses in crude were contained, and gasoline prices rose after weekly EIA crude inventories and gasoline supplies fell more than expected. Also, Wednesday's decline in the dollar index (DXY00) to a 2-week low was supportive of energy prices. Additionally, the action by the US and Japan to agree on a trade agreement eases trade concerns and supports energy demand. More News from Barchart Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders Forecasts for Milder US Weather Weigh on Nat-Gas Prices Crude Oil Price Fall on Concern About Energy Demand Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Wednesday's US economic news was negative for energy demand and crude prices after Jun existing home sales fell -2.7% m/m to a 9-month low of 3.93 million, weaker than expectations of -0.7% to 4.00 million. Weighing on crude is the outlook for Iraq to boost crude exports from its northern Kurdish region through the Iraq-Turkey pipeline, where oil exports have been halted since March 2023. The Iraqi government approved a plan for the semi-autonomous Kurdish region to resume oil exports. Kurdistan expects to supply Iraq's crude market with 230,000 bpd of crude once exports resume. Iraq is the second-largest oil producer in OPEC. Crude prices have carryover support from last Friday when the European Union approved fresh sanctions on Russian oil due to its aggression against Ukraine. The sanctions package includes cutting off 20 more Russian banks from the international payments system SWIFT, as well as restrictions imposed on Russian petroleum refined in other countries. A large oil refinery in India, part-owned by Russia's Rosneft PJSC, was also blacklisted. Additionally, 105 more ships in Russia's shadow fleet were sanctioned, pushing the number of sanctioned ships above 400. Concern about a global oil glut is negative for crude prices. On July 5, OPEC+ agreed to raise its crude production by 548,000 barrels per day (bpd) beginning August 1, exceeding expectations of a 411,000 bpd increase. Saudi Arabia also stated that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and penalize overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production by September 2026. On May 31, OPEC+ agreed to a 411,000 bpd increase in crude production for July, following the same 411,000 bpd hike for June. June crude production rose +360,000 bpd to a 1.5-year high of 28.10 million bpd. In a supportive factor for oil prices, Bloomberg reported on July 10 that OPEC+ is discussing a pause in further production increases from October, following its next monthly hike in September of 548,000 barrels. OPEC+ may be concerned about a slowdown in global oil demand in the second half of this year that could lead to a supply glut if the group keeps boosting production. The International Energy Agency said inventories have been accumulating at a rate of 1 million bpd and that the global crude oil market faces a surplus by Q4-2025 equivalent to 1.5% of global crude consumption. A decrease in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -14% w/w to 66.31 million bbl in the week ended July 18. Wednesday's weekly EIA report was mixed for crude and products. On the negative side, EIA distillate stockpiles unexpectedly rose +2.9 million bbl versus expectations of a -1.25 million bbl draw. Also, crude supplies at Cushing, the delivery point of WTI futures, rose by +455,000 bbl. On the positive side, crude inventories fell -3.17 million bbl, a larger draw than expectations of 1.5 million bbl. Also, EIA gasoline supplies fell -1.7 million bbl, a larger draw than expectations of a -200,000 bbl draw. Wednesday's weekly EIA report showed that (1) US crude oil inventories as of July 18 were -8.6% below the seasonal 5-year average, (2) gasoline inventories were +0.2% above the seasonal 5-year average, and (3) distillate inventories were -18.5% below the 5-year seasonal average. US crude oil production in the week ending July 18 fell -0.8% w/w to 13.273 million bpd, modestly below the record high of 13.631 million bpd posted in the week of 12/6/2024. Baker Hughes reported last Friday that the number of active US oil rigs in the week ending July 18 decreased by -2 rigs to a new 3.75-year low of 422 rigs. Over the past 2.5 years, the number of US oil rigs has fallen sharply from the 5.25-year high of 627 rigs reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
23-07-2025
- Business
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Crude Price Slip on a Mixed Weekly EIA Report
September WTI crude oil (CLU25) today is down -0.33 (-0.51%), and September RBOB gasoline (RBU25) is up +0.0112 (+0.54%). Crude oil and gasoline prices today are mixed. Dollar strength today is undercutting energy prices. Also, today's weekly EIA report showing a build in crude supplies at Cushing, the delivery point for WTI futures, for a third consecutive week, is undercutting oil prices. Losses in crude are contained, and gasoline prices rose after weekly EIA crude inventories and gasoline supplies fell more than expected. Additionally, the action by the US and Japan to agree on a trade agreement eases trade concerns and supports energy demand. More News from Barchart Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders Forecasts for Milder US Weather Weigh on Nat-Gas Prices Crude Oil Price Fall on Concern About Energy Demand Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Today's US economic news was negative for energy demand and crude prices after Jun existing home sales fell -2.7% m/m to a 9-month low of 3.93 million, weaker than expectations of -0.7% to 4.00 million. Weakness in the crude crack spread is bearish for crude prices after the crack spread fell to a 2-week low today. The weaker crack spread discourages refiners from purchasing crude oil to refine into gasoline and distillates. Weighing on crude is the outlook for Iraq to boost crude exports from its northern Kurdish region through the Iraq-Turkey pipeline, where oil exports have been halted since March 2023. The Iraqi government approved a plan for the semi-autonomous Kurdish region to resume oil exports. Kurdistan expects to supply Iraq's crude market with 230,000 bpd of crude once exports resume. Iraq is the second-largest oil producer in OPEC. Crude prices have carryover support from last Friday when the European Union approved fresh sanctions on Russian oil due to its aggression against Ukraine. The sanctions package includes cutting off 20 more Russian banks from the international payments system SWIFT, as well as restrictions imposed on Russian petroleum refined in other countries. A large oil refinery in India, part-owned by Russia's Rosneft PJSC, was also blacklisted. Additionally, 105 more ships in Russia's shadow fleet were sanctioned, pushing the number of sanctioned ships above 400. Concern about a global oil glut is negative for crude prices. On July 5, OPEC+ agreed to raise its crude production by 548,000 barrels per day (bpd) beginning August 1, exceeding expectations of a 411,000 bpd increase. Saudi Arabia also stated that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and penalize overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production by September 2026. On May 31, OPEC+ agreed to a 411,000 bpd increase in crude production for July, following the same 411,000 bpd hike for June. June crude production rose +360,000 bpd to a 1.5-year high of 28.10 million bpd. In a supportive factor for oil prices, Bloomberg reported on July 10 that OPEC+ is discussing a pause in further production increases from October, following its next monthly hike in September of 548,000 barrels. OPEC+ may be concerned about a slowdown in global oil demand in the second half of this year that could lead to a supply glut if the group keeps boosting production. The International Energy Agency said inventories have been accumulating at a rate of 1 million bpd and that the global crude oil market faces a surplus by Q4-2025 equivalent to 1.5% of global crude consumption. A decrease in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -14% w/w to 66.31 million bbl in the week ended July 18. Today's weekly EIA report was mixed for crude and products. On the negative side, EIA distillate stockpiles unexpectedly rose +2.9 million bbl versus expectations of a -1.25 million bbl draw. Also, crude supplies at Cushing, the delivery point of WTI futures, rose by +455,000 bbl. On the positive side, crude inventories fell -3.17 million bbl, a larger draw than expectations of 1.5 million bbl. Also, EIA gasoline supplies fell -1.7 million bbl, a larger draw than expectations of a -200,000 bbl draw. Today's weekly EIA report showed that (1) US crude oil inventories as of July 18 were -8.6% below the seasonal 5-year average, (2) gasoline inventories were +0.2% above the seasonal 5-year average, and (3) distillate inventories were -18.5% below the 5-year seasonal average. US crude oil production in the week ending July 18 fell -0.8% w/w to 13.273 million bpd, modestly below the record high of 13.631 million bpd posted in the week of 12/6/2024. Baker Hughes reported last Friday that the number of active US oil rigs in the week ending July 18 decreased by -2 rigs to a new 3.75-year low of 422 rigs. Over the past 2.5 years, the number of US oil rigs has fallen sharply from the 5.25-year high of 627 rigs reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
23-07-2025
- Business
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Crude Oil Prices Could Tick Up on Consumer Resilience. Here Are the Levels to Watch Before You Buy.
October micro crude oil futures (CLV25) present a buying opportunity on more price strength. See on the daily bar chart for October crude oil futures that prices remain in a choppy uptrend from the April low and the bulls have the overall near-term technical advantage. That means the path of least resistance for prices remains sideways to higher. More News from Barchart Array Technologies (ARRY) Just Flashed a Statistically Significant Reversal Signal for Options Traders Crude Oil Price Fall on Concern About Energy Demand Forecasts for Milder US Weather Weigh on Nat-Gas Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Fundamentally, the U.S. economy and the overall global economy are fairly healthy. Despite the threats of tariffs and even trade wars, businesses and consumers have proven resilient and upbeat. That suggests still-solid demand growth for energy, including crude oil. A move in October crude oil futures above chart resistance at $65.00 would give the bulls fresh power and it would also become a buying opportunity in the WTI crude oil micro futures. The upside price objective would be $72.00, or above. Technical support, for which to place a protective sell stop just below, is located at $62.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
