WallStSmart

Array Technologies Inc (ARRY)vsEnphase Energy Inc (ENPH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Enphase Energy Inc generates 12% more annual revenue ($1.33B vs $1.19B). ENPH leads profitability with a 10.1% profit margin vs -7.3%. ARRY appears more attractively valued with a PEG of 0.56. ENPH earns a higher WallStSmart Score of 52/100 (C-).

ARRY

Hold

40

out of 100

Grade: D

Growth: 2.0Profit: 4.0Value: 5.7Quality: 7.0
Piotroski: 4/9Altman Z: 1.01

ENPH

Buy

52

out of 100

Grade: C-

Growth: 2.0Profit: 6.0Value: 6.0Quality: 6.5
Piotroski: 5/9Altman Z: 1.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARRYOvervalued (-8.7%)

Margin of Safety

-8.7%

Fair Value

$10.21

Current Price

$4.62

$5.59 premium

UndervaluedFair: $10.21Overvalued
ENPHUndervalued (+14.5%)

Margin of Safety

+14.5%

Fair Value

$56.38

Current Price

$36.35

$20.03 discount

UndervaluedFair: $56.38Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARRY2 strengths · Avg: 9.0/10
Debt/EquityHealth
-3.7310/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.568/10

Growing faster than its price suggests

ENPH1 strengths · Avg: 8.0/10
PEG RatioValuation
0.848/10

Growing faster than its price suggests

Areas to Watch

ARRY4 concerns · Avg: 2.3/10
Market CapQuality
$706.89M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-25.0%2/10

ROE of -25.0% — below average capital efficiency

Revenue GrowthGrowth
-5.6%2/10

Revenue declined 5.6%

EPS GrowthGrowth
-73.2%2/10

Earnings declined 73.2%

ENPH4 concerns · Avg: 2.5/10
P/E RatioValuation
38.6x4/10

Premium valuation, high expectations priced in

Revenue GrowthGrowth
-19.6%2/10

Revenue declined 19.6%

EPS GrowthGrowth
-3.5%2/10

Earnings declined 3.5%

Altman Z-ScoreHealth
1.262/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ARRY

The strongest argument for ARRY centers on Debt/Equity, PEG Ratio. PEG of 0.56 suggests the stock is reasonably priced for its growth.

Bull Case : ENPH

The strongest argument for ENPH centers on PEG Ratio. PEG of 0.84 suggests the stock is reasonably priced for its growth.

Bear Case : ARRY

The primary concerns for ARRY are Market Cap, Return on Equity, Revenue Growth.

Bear Case : ENPH

The primary concerns for ENPH are P/E Ratio, Revenue Growth, EPS Growth.

Key Dynamics to Monitor

ARRY profiles as a turnaround stock while ENPH is a declining play — different risk/reward profiles.

ARRY carries more volatility with a beta of 1.79 — expect wider price swings.

ARRY is growing revenue faster at -5.6% — sustainability is the question.

ARRY generates stronger free cash flow (114M), providing more financial flexibility.

Bottom Line

ENPH scores higher overall (52/100 vs 40/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Array Technologies Inc

TECHNOLOGY · SOLAR · USA

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. The company is headquartered in Albuquerque, New Mexico.

Enphase Energy Inc

TECHNOLOGY · SOLAR · USA

Enphase Energy is an American energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control.

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