Is Array Technologies (ARRY) Outperforming Other Oils-Energy Stocks This Year?

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Array Technologies, Inc. (ARRY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Array Technologies, Inc. is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Array Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 5.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, ARRY has moved about 26.2% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 1.7%. This means that Array Technologies, Inc. is outperforming the sector as a whole this year.Another stock in the Oils-Energy sector, Eni SpA (E), has outperformed the sector so far this year. The stock's year-to-date return is 28.7%.Over the past three months, Eni SpA's consensus EPS estimate for the current year has increased 2%. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Array Technologies, Inc. belongs to the Solar industry, a group that includes 15 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have gained 5.7% this year, meaning that ARRY is performing better in terms of year-to-date returns. Eni SpA, however, belongs to the Oil and Gas - Integrated - International industry. Currently, this 16-stock industry is ranked #152. The industry has moved +3.3% so far this year.Investors interested in the Oils-Energy sector may want to keep a close eye on Array Technologies, Inc. and Eni SpA as they attempt to continue their solid performance.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Array Technologies, Inc. (ARRY): Free Stock Analysis Report Eni SpA (E): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks