ARRY vs RNW vs NXT Stock Comparison

Array Technologies, ReNew Energy Global and Nextpower Prices as of Oct 27, 2026 Peers: Industry group
RNW ReNew Energy Global plc
$6.89 +0.7% 1M -8.7% 1Y
Market cap
$5.02B
P/E
20.5x
Revenue (TTM)
$1.50B
Div. yield
–
Renewable Power Producers Utilities
4 wins
NXT Nextpower Inc.
$79.44 -1.7% 1M -19.4% 1Y
Market cap
$12.05B
P/E
20.2x
Revenue (TTM)
$3.63B
Div. yield
–
Solar Equipment Industrials
5 wins

Head to Head

11 decided of 12

Nextpower leads on 5 of the 12 questions below (Nextpower 5, ReNew Energy Global 4, Array Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARRYRNWNXTLeader
Larger companyMarket capitalisation $522.09M $5.02B $12.05B NXT
Cheaper on earningsLower P/E, profitable companies only -3.5x 20.5x 20.2x NXT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.3x 27.6x 18.2x ARRY
Faster revenue growthRevenue growth, trailing twelve months +1.2% +12.6% +17.0% NXT
More profitableNet margin, trailing twelve months -12.5% 8.1% 16.4% NXT
Better return on capitalReturn on invested capital -13.4% 2.3% — RNW
Less leveragedLower net debt / EBITDA -302.9x -0.2x — ARRY
Higher dividend yieldTrailing dividend yield — — 0.00% –
Better 1-year returnPrice return, last 12 months -62.7% -8.7% -19.4% RNW
Better 5-year returnAnnualised price return, 5 years -29.1%/yr -7.0%/yr — RNW
Less volatileAnnualised volatility, 1 year 79.0% 43.4% 65.9% RNW
Higher overall scoreMean of the five percentile scores vs peers 56/100 70/100 79/100 NXT

Percentile Scorecard

ARRYRNWNXT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARRYRNWNXT
Valuation 97 #3 of 61 91 #3 of 24 87 #9 of 61
Growth 28 #42 of 58 82 #5 of 23 79 #13 of 58
Profitability 67 #19 of 55 91 #3 of 23 98 #2 of 55
Financial Health 33 #48 of 71 44 #14 of 24 77 #17 of 71
Shareholder Returns – 42 #12 of 20 55 #14 of 30
Overall 56 70 79
  • ARRY ranked among 71 companies in Clean Energy Equipment
  • RNW ranked among 24 companies in Power Generation
  • NXT ranked among 71 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARRYRNWNXTSPY
1 month -15.9%+0.7%-1.7% -0.2%
3 months -33.5%+13.1%-16.7% +3.9%
6 months -57.3%+37.0%-31.8% +8.2%
Year to date -63.2%+21.9%-8.8% +12.9%
1 year -62.7%-8.7%-19.4% +12.3%
3 years -80.1%+26.2%+129.4% +87.4%
3 years, per year -41.7%+8.1%+31.9% +23.3%
5 years -82.0%-30.4%— +67.9%
5 years, per year -29.1%-7.0%— +10.9%

Risk

MeasureARRYRNWNXTSPY
Volatility, 1Y 79.0%43.4%65.9% 12.7%
Downside volatility, 1Y 88.4%57.1%66.6% 12.7%
Beta vs S&P 500, 1Y 3.120.732.73 1.00
Return / volatility, 1Y -0.79-0.20-0.29 0.97
Max drawdown, 5Y -88.4%-58.7%-51.1% -25.4%
From 52-week high -71.7%-11.2%-49.2% -1.2%
52-week high $11.96$7.76$156.40 $779.14
52-week low $3.15$4.50$76.48 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARRYRNWNXT
P/E now vs peer median -3.5xmedian 27.2x 20.5xmedian 25.0x 20.2xmedian 27.2x
P/S now vs peer median 0.4xmedian 2.4x 3.4xmedian 2.8x 3.3xmedian 2.4x
EV/EBITDA now vs peer median -754.1xmedian 18.4x 10.7xmedian 11.5x 14.7xmedian 18.4x
P/FCF now vs peer median 3.9xmedian 28.6x 5.0xmedian 13.6x 22.0xmedian 28.6x
P/B now vs peer median -2.6xmedian 1.7x 3.1xmedian 2.1x 4.7xmedian 1.7x
PEG now vs peer median 0.06median 0.79 0.04median 0.60 0.10median 0.79

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARRYRNWNXT
Revenue $1.19B $1.50B $3.63B
Gross profit $287.61M – $1.21B
Operating income -$60.78M $158.00M $701.94M
Net income -$85.90M $122.00M $594.06M
Free cash flow $134.73M $1.01B $548.73M
R&D – – $143.86M
EPS (diluted) $-0.95 $11.29 $3.83
Cash & equivalents $307.30M $233.00M $1.21B
Total debt $657.75M $9.27B –
Shares (diluted) 155.69M 10.81M 155.14M
Enterprise value -$451.82M $3.44B $7.94B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARRYRNWNXT
P/E -3.5x 20.5x 20.2x
P/FCF 3.9x 5.0x 22.0x
P/Operating cash flow 3.2x 5.0x 20.0x
P/S 0.4x 3.4x 3.3x
P/B -2.6x 3.1x 4.7x
P/Tangible book -1.3x 3.1x 4.9x
EV/EBITDA -754.1x 10.7x 14.7x
EV/EBIT -14.4x 31.3x 15.4x
EV/Revenue 0.7x 3.3x 3.0x
EV/FCF 6.5x 4.9x 19.7x
EV/Operating cash flow 5.4x 4.9x 18.0x
PEG (3Y EPS CAGR) 0.06 0.04 0.10

Growth

14 metrics
MetricARRYRNWNXT
Revenue growth (1Y) 1.2% 12.6% 17.0%
Revenue CAGR (3Y) -13.0% 16.7% 22.4%
Gross profit growth (1Y) -12.9% – 15.3%
Gross profit CAGR (3Y) -10.2% – 51.3%
Operating income growth (1Y) 69.8% -12.0% 5.5%
Operating income CAGR (3Y) -32.8% 31.4% 48.9%
Net income growth (1Y) 58.8% 9.9% 8.1%
Net income CAGR (3Y) -38.6% 85.2% 54.6%
EPS growth (1Y) 45.3% 9.9% 6.1%
EPS CAGR (3Y) -55.9% 512.3% 196.5%
Operating cash flow growth (1Y) 22.2% 20.9% -2.2%
Operating cash flow CAGR (3Y) -15.4% 6.1% 22.2%
Free cash flow growth (1Y) 22.2% 20.9% -4.4%
Free cash flow CAGR (3Y) -18.9% 6.1% 18.8%

Profitability

14 metrics
MetricARRYRNWNXT
Gross margin 24.3% – 33.4%
EBITDA margin -0.1% 30.9% 20.3%
Operating margin -5.1% 10.5% 19.3%
Pretax margin -6.2% 10.3% 19.9%
Net margin -12.5% 8.1% 16.4%
FCF margin 11.4% 67.6% 15.1%
Operating cash flow margin 13.7% 67.6% 16.6%
Return on equity – 7.7% 24.3%
Return on assets -5.7% 1.1% 14.3%
Return on invested capital -13.4% 2.3% –
Return on capital employed -5.5% 2.0% 23.1%
Asset turnover 0.8x 0.1x 0.9x
Cash conversion (OCF / net income) -1.9x 8.3x 1.0x
Stock comp / revenue 1.5% – –

Financial Health

11 metrics
MetricARRYRNWNXT
Debt / assets 42.9% 2.1% –
Debt / equity -3.3x 0.1x –
Net debt / EBITDA -302.9x -0.2x –
Debt / FCF 4.9x 0.2x –
Liabilities / assets 113.2% 85.8% 40.0%
Equity / assets -13.2% 14.2% 60.0%
Interest coverage -2.8x – –
Current ratio 2.2x 0.4x 2.7x
Quick ratio 1.8x 0.1x 2.0x
Cash ratio 0.8x 0.1x 1.1x
Altman Z-score 0.84 0.22 5.58

Shareholder Returns

7 metrics
MetricARRYRNWNXT
Dividend yield – – –
Net buyback yield – -3.2% -0.2%
Shareholder yield – -3.2% -0.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARRYRNWNXT
Forward P/E 4.3xFY2026 27.6xFY2026 18.2xFY2026
EPS, next fiscal year $0.79FY2026 $0.25FY2026 $4.36FY2026
EPS growth, next FY +17.9%FY2026 -21.9%FY2026 -3.1%FY2026
EPS growth, the year after +7.6% +96.0% +37.6%
Revenue, next fiscal year $1.41BFY2026 $1.80BFY2026 $4.11BFY2026
Revenue growth, next FY +9.8%FY2026 +11.8%FY2026 +15.4%FY2026
Revenue growth, the year after +18.4% -2.4% +29.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARRYRNWNXT
Held by institutions 100.0% 40.7% 100.0%
Institutions holding 259 144 723
Change in shares held, QoQ +7.3% +0.9% +9.7%
Institutions buying 134 104 368
Institutions selling 80 28 249
Buyers to sellers 1.68 3.71 1.48

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARRYRNWNXT
ARRY 1.00 0.13 0.66
RNW 0.13 1.00 0.12
NXT 0.66 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARRY, RNW and NXT?

Nextpower (NXT) is the largest by market capitalisation: Array Technologies (ARRY) $522.09M, ReNew Energy Global (RNW) $5.02B, Nextpower (NXT) $12.05B.

Which stock is cheaper, ARRY, RNW and NXT?

Nextpower (NXT) trades on the lowest price-to-earnings ratio (Array Technologies (ARRY) -3.5x, ReNew Energy Global (RNW) 20.5x, Nextpower (NXT) 20.2x). On next year's consensus earnings, Array Technologies (ARRY) is cheapest (Array Technologies (ARRY) 4.3x, ReNew Energy Global (RNW) 27.6x, Nextpower (NXT) 18.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Nextpower (NXT) grew revenue fastest over the trailing twelve months: Array Technologies (ARRY) +1.2%, ReNew Energy Global (RNW) +12.6%, Nextpower (NXT) +17.0%.

Which company is more profitable?

Nextpower (NXT) has the highest net margin (Array Technologies (ARRY) -12.5%, ReNew Energy Global (RNW) 8.1%, Nextpower (NXT) 16.4%). On return on invested capital, ReNew Energy Global (RNW) leads (Array Technologies (ARRY) -13.4%, ReNew Energy Global (RNW) 2.3%).

Which stock has performed better?

Over the past year ReNew Energy Global (RNW) returned the most: Array Technologies (ARRY) -62.7%, ReNew Energy Global (RNW) -8.7%, Nextpower (NXT) -19.4%. Over five years, ReNew Energy Global (RNW) compounded fastest (Array Technologies (ARRY) -29.1%/yr, ReNew Energy Global (RNW) -7.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, ReNew Energy Global (RNW) has been the steadiest (Array Technologies (ARRY) 79.0%, ReNew Energy Global (RNW) 43.4%, Nextpower (NXT) 65.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARRY, RNW and NXT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nextpower (NXT) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.