3/20/25 - $arry - Rant3/20/25 :: VROCKSTAR :: NASDAQ:ARRY
Rant
- this whole space ((solar)) is a meme
- most of these companies are as useless as salad robots, space lasers and google's quantum supremacy
- in terms of trackers, you have "the bitcoin" or "the king" or "the only company worth ever investing in" i.e. NASDAQ:NXT and you have... the memes. the companies getting their market share eaten by the silly rabbit on the Trix cereal box
- so don't pay attention to the brain dead wallsheet price targets. they're all as fake as the world around you
- there's only one. there's no second best. take your losses. move on. admit array managment tricked you. go talk to the ambulance chasing "legal" firms (which are extortion and rent seeking scum) about how management sucked. and don't cry when they take your money too...
and just do yourself a favor.
buy some $NXT. seriously. also NFA, you know this. winners do the work.
PS - NXT has held up super well in this super satanic tape. just sized it up today to the biggest position i've ever held. and i'm not selling until we get to $60.
for those who want to kno the playbook... if we get to mid 30s on NXT... i'll make it a 50% position (on leverage). and likely it's mkt/beta related to perhaps BTC is in the 60s or low 70s too... and that will be 50%. and i'll have exactly two positions. have already thought this thru. it's what u need to do to stay one step ahead. for now i'm renting about 25% of my book. will write more about that
be well. but think twice before u bid $arry. good riddance what a turd to the tracker industry this thing is.
V
ARRY trade ideas
2/28/25 - $arry - NXT is your daddy2/28/25 :: VROCKSTAR :: NASDAQ:ARRY
NXT is your daddy
i have an absolutely degenerate position in NXT
and for the first time... i feel super comfortable w/ my portfolio. go read my NASDAQ:QQQ note premkt for some context as to my arranging furniture on the titanic. +8% YTD as of writing, gave some back/ a lot tbh... but doing this all from a position of strength. and this is not my first rodeo.
50% NXT leaps, 10% OBTC, 7% NVDA leaps, 4% TSM leaps, 4% UBER leaps and 4% NXT GTFO May '25 $40 strike... about 20% cash.
pencils down everyone.
just listened to the NASDAQ:ARRY conf call and it's hilarious to listen to mgmt answer questions about why their competitor (nextracker) has a. better margins b. booking more backlog c. growing faster d. already has as domestic content solution
and here's the kicker. array is also taking market share in the industry!
the crappy #2 is doing just fine!
hahahahaha.
solar tide certainly still go out
we have some geopol, tariff n3ws to overcome etc. etc. but make no mistake on how nxt's going to start doing billion dollar quarters. FCF generation is probably 700 mm this year and stock trades inside of 5.5 bn enterprise value and flips buybacks in 2H.
could we go lower.
V always says. idk. idc.
have a great weekend friends. we have a great seat in NXT. ARRY is probably even flooring/ a buy here. but why mess with #2 when they're so far in the rearview.
NXT only. there is no second best.
V
Array Technologies receives buy rating from CitibankArray Technologies, Inc., a leading manufacturer of solar trackers, recently received positive remarks from Citibank, boosting investor confidence. Despite facing current operational challenges, including the firing of its CFO, increased transportation costs, project delays, and inflation pressures impacting margins, Citibank has upgraded Array Technologies' stock from neutral to "buy." Analysts underscore the company's long-term growth potential, particularly highlighting its innovative smart system launched in spring 2024, which leverages weather forecasts to protect solar panels from hail damage.
Technical analysis of Array Technologies, Inc. (NASDAQ: ARRY)
Let’s review the potential trading opportunities based on the technical aspects of Array Technologies' stock:
Timeframe : Daily (D1)
Current trend : An uptrend is beginning to form, indicating potential for significant growth.
Resistance level : 12.05 USD
Support level : 9.40 USD
Potential downtrend target : Should the stock enter a downtrend, the downside target could be around 6.50 USD
Short-term target : If the uptrend continues and the stock breaches the resistance at 12.05 USD, a short-term target could be set at 16.30 USD
Medium-term target : With sustained positive momentum, the stock price might aim for 20.15 USD
Investors should keep a close eye on Array Technologies, particularly as the market responds to Citibank's positive assessment. The company's strategic initiatives to navigate current challenges and its innovations in solar technology suggest a positive outlook.
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Array Technologies Opportunity Array Technologies - NASDAQ:ARRY
Aksel Kibar from TechCharts was the first to cover this trade and after looking over his brilliant analysis which I highly recommend you review, I have added some of my own observations.
- Price is above the 200 DSMA & POC giving us good
underside support and good areas thereunder to
place a stop.
- My targets align closely with Aksel's targets,
however I have used Fibonacci Extensions and
amazingly these line up nicely with the pattern
targets outlined by Aksel. Targets Range: $34 -
$43.
Additional
- The DSS has crossed. Every past time this has
happened we have had a min 18% to 100% + move.
We could get another rejection here from the upper
purple boundary as we have had that 18%+ already
however given the H&S set up, DSS cross and the
ascending triangle we are in now, we would likely
bounce off the POC/200DSMA in the event off and
continue the ascent (no guarantees of course)
- The OBV underside resistance line has provided a
significant bounce in the past (green circle) and
this could be where we launch again from now and
with some luck break through the upper OBV
resistance line which would be a nice confirmation.
What is Array Technologies?
Headquartered in Albuquerque, New Mexico the company have manufacturing sites in Brazil and Spain which provide essential solar farming products through their many regional offices around the globe.
With a market cap of $3.3 Billion this Solar Product and Tracking company is small but has incredible potential.
The company offers four main products that allow for the build of highly weather durable solar panels that can be erected on very rough and uneven terrain without having to complete landscaping. They have refined their software and durable gearing mechanisms to maximize solar efficiency. The company hold the patents to these unique offerings.
AS recently as yesterday Array got an overall rating of 63 from Investors Observer. This means that it scores higher than 63% of stocks. Array also gets a 69 rank in the Technology sector.
From reading a little about the founder Ron Corio and the history of the company, it is clear that since inception in 1989 they have been reinvesting profits to expand their products and reach. Corio stepped down as CEO before the 2022 IPO and resigned from the board simultaneously becoming New Mexico's first billionaire and being named the Ron of Solar. The recent IPO in 2022 was a further signal of the company's expansion vision.
It will be fascinating to see how the company performs and how our chart progresses over the coming weeks and months
PUKA
ARRAY TO THE MOON If all other market indicators are not significantly below average, NASDAQ:ARRY appears poised to emerge from a year-long consolidation as a leading supplier of renewable energy components. During the past week, it concluded trading above the 22.43% Fibonacci retracement level. This was a direct result of robust earnings stemming from a well-established global supply chain and a promising future demand for components in Solar Plant Systems.
For further reference, you can check out this link: www.iea.org
It's projected that the NASDAQ:ARRY 's price will rise to $30, as numerous investment institutions' analysts have identified it as having potential for a higher trading value than its current level.
Highlighted in green are two strategies for trading
Possible Bullish pattern on ARRYNice and pretty strong pattern is forming on the weekly time frame on ARRY- Array Technologies, the one called Ascending Triangle pattern. The formation is clearly visible with three confirmations already made at the top, and the best part, once it reaches the bottom line of the formation the drop is getting smaller and smaller.
Things to consider and watch:
1. Perfect entry point for me would be break of the upper line of the Ascending Pattern formation, sitting at price range from $23.76 to $24.
2. My stop loss would be a bit larger, sitting at $20, but I would be eager to act and move it up as the price goes up as well( of course if this happens).
3. First potential exit or adding to the position, depending on the price action, will be at level sitting at $27.88.
4. One of the best points in price, for potential take profit taking and the level I will be considering as the end of the Ascending Triangle pattern is sitting at range from $40 to $42.5 price level.
5. I have doubt about exiting the trade if it reaches the potential price of the pattern at $42.5, because the ATH price level will be just there, so I will surely let the price action tell me what to do and when to do it.
Of course, this is just my two cents. Please do your due diligence before investing.
ARRY Entry, Volume, Target, StopWhen price clears: 24.00
With daily volume greater than 37.3M
Target: 35.00
Stop: Depending on your risk tolerance; 20.33 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$ARRY POTENTIAL LONG FROM £18Array Technologies Inc: Install the world's premier solar tracker easily, affordably and quickly in more places. Minimize environmental impact with reduced earthwork activities and grading costs.
$ARRY has been up trending since weeks, now testing support again.
Today's FED meeting will give us a clear vision on equities future, this setup is only valid if FED remains dovish.
ARRY Stock 2 WatchYounger name showing relative strength in renewable space. Like it on a pull back into the green box with targets at the recent high, Nov 15th pivot and Fib RT. Tight stop below green box or below 618 Fib below box for longer term hold. Small cap name so could be volatile. Broad market trend must support move.