LIVE
ARRY
Array Technologies, Inc. · Energy
$6.24
-19.76% this month
VERSUS
⟷
COMPARE
ENPH
Enphase Energy, Inc. · Technology
$43.06
-21.12% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
ARRY
2
ENPH
2
Comparison scoreboard
MIXED SETUPAI Score
ARRY 22.9
ENPH ✓60.3
1Y Return
ARRY -15.86%
ENPH ✓+2.88%
Fwd P/E
ARRY ✓6.82
ENPH 18.59
Target Up.
ARRY ✓+63.41%
ENPH +9.16%
Op. Margin
ARRY N/A
ENPH -9.13%
Metrics last refreshed: 7/14/2026
Quick take
ARRY vs ENPH: Array Technologies vs Enphase Stock Comparison: AI Score, Valuation, Performance and Upside
Array Technologies serves utility-scale solar with tracking systems, while Enphase serves residential and commercial solar with microinverter systems and batteries. Both are clean energy companies with different customer bases, both benefiting from IRA tax incentives, but with very different demand drivers.
ARRY vs ENPH is utility-scale solar tracker versus residential microinverter and battery system — Array wins if utility-scale solar development accelerates through IRA; Enphase wins if residential solar volumes recover as interest rates normalize and installer inventory destocking completes.
Live analysis · updated 7/14/2026
ARRY and ENPH are closely matched — they split the tracked metrics evenly. ENPH has delivered stronger 1-year price return (+2.88% vs -15.86%), though ARRY has the better forward P/E setup (6.82x vs 18.59x for ENPH). Analyst consensus implies meaningfully more upside for ARRY (+63.41%) than for ENPH (+9.16%).
Normalized 1Y performance
ARRY
ENPH
Recent returns
ARRY
ENPH
Analyst price targets & sentiment
ARRY · 22 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.0/5.0)
Price target range
analyst low$7.25
analyst high$16.00
analyst mean$10.19
current price$6.24
+63.4% upside to analyst mean
ENPH · 33 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$33.00
analyst high$95.00
analyst mean$48.93
current price$43.06
+9.2% upside to analyst mean
Who should consider this stock?
ARRY may suit investors who:
- →want utility-scale solar exposure through a market-leading tracker manufacturer
- →value IRA utility solar tax credits as a structural demand tailwind
- →prefer utility solar's scale advantages over residential solar's interest-rate sensitivity
- →believe Array's international expansion adds meaningful revenue diversification
ENPH may suit investors who:
- →prefer residential solar with microinverter technology leadership and battery storage expansion
- →believe Enphase's inventory destocking cycle is complete and residential demand will normalize
- →value Europe solar as a geographic diversification vs US residential rate sensitivity
- →want residential solar + battery storage technology that is durable across multiple installer relationships
Performance & AI score
| Metric | ARRY | ENPH |
|---|---|---|
| AI score | 22.9 | 60.3 |
| AI rank | #3872 | #203 |
| Latest close | $6.24 | $43.06 |
| 1M return | -19.76% | -21.12% |
| 6M return | -37.71% | +22.26% |
| 1Y return | -15.86% | +2.88% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ARRY | ENPH |
|---|---|---|
| 1Y ago | $8.41K (-15.9%) started 2025-07-14 | $10.26K (+2.6%) started 2025-07-14 |
| 5Y ago | $4.34K (-56.6%) started 2021-07-14 | $2.52K (-74.8%) started 2021-07-14 |
| 10Y ago | $1.71K (-82.9%) started 2020-10-15 | $226.63K (+2166.3%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | ARRY | ENPH |
|---|---|---|
| Market cap | $959.11M | $5.91B |
| Trailing P/E | N/A | 44.39 |
| Forward P/E | 6.82 | 18.59 |
| Price/Sales | 0.80 | 3.80 |
| EV/Revenue | 1.65 | 3.99 |
| Analyst target | $10.19 | $48.93 |
| Target upside | +63.41% | +9.16% |
Growth, profitability & risk
| Metric | ARRY | ENPH |
|---|---|---|
| Revenue growth | -26.10% | -20.60% |
| Earnings growth | N/A | -36.40% |
| EPS growth | N/A | -36.40% |
| FCF margin | +3.10% | +6.54% |
| Operating margin | N/A | -9.13% |
| Profit margin | -5.56% | 9.64% |
| ROIC proxy | -22.65% | 14.11% |
| Return on equity | -22.65% | 14.11% |
| Dividend yield | 0.00% | N/A |
| Beta | 1.80 | 1.61 |
| Debt/equity | 284.90 | 55.53 |
| Current ratio | 2.25 | 3.80 |
| Quick ratio | 1.69 | 2.71 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
ARRY max drawdown48.83%
ENPH max drawdown40.56%
ARRY max wkly drop33.55%
ENPH max wkly drop26.73%
5Y risk snapshot
ARRY max drawdown85.31%
ENPH max drawdown92.23%
ARRY max wkly drop33.55%
ENPH max wkly drop33.19%
10Y risk snapshot
ARRY max drawdown92.20%
ENPH max drawdown92.23%
ARRY max wkly drop45.90%
ENPH max wkly drop42.51%
Performance metrics by period
| Period | Metric | ARRY | ENPH |
|---|---|---|---|
| 1Y | Growth | -15.86% | +2.57% |
| CAGR | -15.87% | +2.58% | |
| Sharpe ratio | 0.16 | 0.38 | |
| Max drawdown | 48.83% | 40.56% | |
| Max daily drop | 33.82% | 18.01% | |
| Max wkly drop | 33.55% | 26.73% | |
| 5Y | Growth | -56.58% | -74.79% |
| CAGR | -15.37% | -24.10% | |
| Sharpe ratio | 0.15 | -0.11 | |
| Max drawdown | 85.31% | 92.23% | |
| Max daily drop | 33.82% | 25.73% | |
| Max wkly drop | 33.55% | 33.19% | |
| 10Y | Growth | -82.89% | +2166.32% |
| CAGR | -26.47% | +36.64% | |
| Sharpe ratio | -0.01 | 0.73 | |
| Max drawdown | 92.20% | 92.23% | |
| Max daily drop | 46.05% | 28.14% | |
| Max wkly drop | 45.90% | 42.51% |
Business comparison
| Category | ARRY | ENPH |
|---|---|---|
| Company | Array Technologies, Inc. | Enphase Energy, Inc. |
| Sector | Energy | Technology |
| Industry | N/A | Solar |
| Core business | Manufacturer of solar tracking systems for utility-scale solar farms. Array's DuraTrack system moves solar panels to follow the sun, increasing energy output by 20-30% vs fixed-tilt installations. Array serves large solar project developers across the US and internationally. | Manufacturer of microinverter systems and energy management technology for residential and commercial solar. Enphase's IQ microinverters convert DC solar power to AC at each panel, improving system-level reliability. Enphase also sells batteries (IQ Battery) and EV chargers. |
| Investor focus | Utility-scale solar project bookings, revenue backlog, gross margin recovery, international expansion, and utility solar IRA incentive flow-through. | Residential solar installation volumes in the US and Europe, microinverter market share vs SolarEdge, IQ Battery attach rate, and inventory normalization. |
ARRY strengths
- →Utility-scale solar tracker market leader with a significant installed base and recurring service revenue from O&M contracts
- →IRA investment tax credits for utility solar provide a strong demand tailwind for new solar farm development
- →Array's OmniTrack and DuraTrack systems are designed for durability and ease of installation, reducing total project cost
ENPH strengths
- →Microinverter architecture provides panel-level monitoring and better production even when individual panels are shaded — a genuine technical advantage
- →IQ Battery integration with solar creates a full-home energy system that is difficult for installers to replace piecemeal
- →Europe solar expansion provides geographic diversification as US residential solar faces incentive uncertainty
Risks to watch — ARRY
- →Array's margins have been pressured by commodity cost volatility (steel) and project execution challenges
- →Competition from NEXTracker (Flex), Arctech, and other tracker manufacturers creates pricing pressure
- →Utility solar project timelines are lumpy — interconnection delays and permitting slow project completion regardless of demand
Risks to watch — ENPH
- →Enphase severely over-shipped in 2022-2023, leading to massive installer inventory destocking that suppressed revenue through 2024
- →Residential solar demand is highly sensitive to interest rates — high financing costs reduce solar adoption significantly
- →SolarEdge competes directly with Enphase microinverters and has been gaining price share in some installer networks
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