Array Technologies, Inc.

Halal Rating :
Comfortable
Last Price $5.5
Market Cap $839.01m
1D Change

6.08 %

1 Year Change

-59.11 %

Next Earnings Date

Yet to be announced

Company Overview

Array Technologies designs, manufactures, and sells solar tracking systems and related products for utility-scale solar energy projects. Their primary business is providing ground-mounting systems that move solar panels throughout the day to follow the sun's movement, maximizing energy production.

Revenue Sources

Pass

Array Technologies generates its revenue primarily from the design, manufacture, and sale of solar tracking systems and related products. These activities involve the exchange of real products and services that create tangible value for customers. The company's core business model is focused on renewable energy infrastructure, which is halal-compliant.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
March 31, 2025 $302.36m $283.11m - $8.04m 0.00% 2.84%
Dec. 31, 2024 $275.23m $426.58m - $9.01m 0.00% 2.11%
Sept. 30, 2024 $231.41m $372.35m - $8.26m 0.00% 2.22%
June 30, 2024 $255.77m $224.78m - $8.61m 0.00% 3.83%

Based on the financial data from the last four quarters, Array Technologies shows consistent interest expenses relative to total expenses. The interest expense ratio remains within acceptable limits across all quarters analyzed, indicating that interest is not a material part of the company's business model but rather a cost of operations.

Operational Ethics

Pass

Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in North America and Europe, with no indication of material ties to Israel or the Chinese Communist Party.

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