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

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Array Technologies, Inc. (ARRY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 237 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Array Technologies, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 2.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the latest available data, ARRY has gained about 8.6% so far this year. In comparison, Oils-Energy companies have returned an average of 8.3%. This means that Array Technologies, Inc. is performing better than its sector in terms of year-to-date returns.Sunoco LP (SUN) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.3%.The consensus estimate for Sunoco LP's current year EPS has increased 13.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Array Technologies, Inc. belongs to the Solar industry, a group that includes 14 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 32.6% so far this year, meaning that ARRY is slightly underperforming its industry in terms of year-to-date returns. Sunoco LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 6-stock industry is ranked #26. The industry has moved +2.7% so far this year.Investors with an interest in Oils-Energy stocks should continue to track Array Technologies, Inc. and Sunoco LP. These stocks will be looking to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks