Array Technologies

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company sells its products to engineering, procurement and construction firms that build solar energy projects and to large solar developers, independent power producers and utilities, master supply agreements or multi-year procurement contracts. It has offices in Europe, Central America, and Australia. The company's products include DuraTrack and SmarTrack. Array Technologies was founded by Ronald P. Corio in 1989 and is headquartered in Albuquerque, NM.

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Array Technologies (ARRY) surpasses expectations, eyes growth amid challenges

Array Technologies delivered a strong financial performance in Q4 and full-year 2022, exceeding revenue and EBITDA expectations.
The company anticipates continued growth in 2023, focusing on maintaining free cash flow and investing in new product development.
Challenges include uncertainties around market conditions and regulatory definitions, while opportunities lie in expanding into diverse markets and optimizing operations.
Overall, Array Technologies remains well-positioned for growth, supported by a dedicated team and strategic investments in innovation and efficiency.

Array Technologies reports strong Q1 earnings, eyes future solar growth

Array Technologies had a robust Q1 2023 despite order book reduction, showcasing operational improvements and cost efficiencies. Challenges include delays in order conversions and gross margin impact on Legacy Array side. The company is optimistic about future growth potential and well-prepared for upcoming solar adoption phases.

Array Technologies reports robust Q2 earnings, eyes sustainable growth

Array Technologies excelled in Q2 2023, showcasing strong financial performance and strategic initiatives. Despite short-term challenges, the company remains focused on innovation, cost efficiency, and market positioning for future growth.

Array Technologies reports resilient Q3 performance amidst project challenges

Array Technologies showcased solid performance in Q3 2023, maintaining profitability and free cash flow expectations despite challenges in project timing.
The company's strengths lie in its strong pipeline with long-term agreements, expansion plans, and continued investment in product development.
While facing challenges from project delays and market dynamics, Array Technologies sees opportunities in cost reduction, new product demand, and debt reduction strategies.

Array Technologies reports record 2023 performance, eyes market growth

Array Technologies delivered a strong performance in 2023, exceeding revenue guidance and doubling adjusted EBITDA.
While facing challenges such as project delays and supply chain issues, the company is focused on cost reductions and customer benefits.
With a positive outlook for the back half of the year, Array is well-positioned to capitalize on market opportunities and drive growth.

Array Technologies exceeds Q1 revenue expectations amidst industry challenges

Array Technologies delivered strong Q1 performance, surpassing revenue expectations and maintaining healthy margins and EBITDA.
While facing challenges like project delays and industry uncertainties, Array's strategic strengths in product offerings and customer engagement position it well for growth.
The company's focus on international expansion, new product designs, and operational efficiencies presents promising opportunities for future success.

Array Technologies excels in Q3, anticipates strong growth in 2025

Array Technologies anticipates growth in 2025, supported by a positive outlook and active engagement with customers to navigate market challenges. The financial guidance for 2024 includes record annual adjusted gross margin, reduced effective tax rate, and increased free cash flow guidance.

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Nucor Signs Supply Agreement With Array Technologies for Solar-Project Development

Array Technologies, Inc. (NASDAQ: ARRY) shares are trading lower after the company reported worse-than-expected EPS results. The company also reported it's unable to affirm previously provided guidance for 2021.

Why Did Array Technologies' Stock Plummet Today?

SAN DIEGO, May 12, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Array Technologies, Inc. (NYSE: ARRY) ("Array" or the "Company") for violations of federal securities laws. On or about October 15, 2020, Array sold about 47.5 million shares of stock in its initial public stock offering (the "IPO") at $22.00 a share, raising nearly $1 billion in new capital.

ARRY Alert: Johnson Fistel Launches Investigation into Array Technologies; Investors Suffering Losses Encouraged to Contact the Firm

Array Technologies (NASDAQ:ARRY), one of the world's largest manufacturers of ground-mounting systems used in solar energy projects, was down by more than 33% as of 11am today morning. The company released dismal financial results for the first quarter ended March 31, 2021 after market close yesterday and did not affirm its prior guidance for the […] The post Here's why Array Technologies stock plunged 30% on Wednesday appeared first on Invezz.

Here's why Array Technologies stock plunged 30% on Wednesday

Array Technologies Inc. (NASDAQ: ARRY) manufactures the tracking systems used for utility-scale solar energy generation.

Why Analysts Are Battering Array Technologies

Rising steel and freight costs hurt first-quarter results.

Why Array Technologies Stock Plummeted Today

Shares of Array Technologies Inc. plummeted 32.8% to pace all Nasdaq decliners, putting them on track to close below their IPO price for the first time, after the maker of ground-mounting systems used in solar energy projects missed first-quarter profit expectations and withdrew its full-year outlook citing continued increases in steel and freight costs. The company went public on Oct. 15 at an IPO price of $22 a share, and the stock closed as high as $51.05 on Jan. 22 before starting to sell off.

Array Technologies stock plummets below IPO price after profit miss, withdrawal of guidance

ARRY stock is getting slammed after management disappointed investors with first-quarter results and its failure to confirm or update full-year guidance. The post ARRY Stock: Why Solar Play Array Technologies Is Plunging 30% Today appeared first on InvestorPlace.

ARRY Stock: Why Solar Play Array Technologies Is Plunging 30% Today

The stock price of Array Technologies Inc (NASDAQ: ARRY) fell by over 20% pre-market. This is why it happened.

ARRY Stock: Over 20% Decrease Pre-Market Explanation

Array Technologies, Inc. (ARRY) CEO Jim Fusaro on Q1 2021 Results - Earnings Call Transcript

Array Technologies, Inc. Reports Financial Results for the First Quarter 2021

Agreement Creates Secure Steel Supply for Solar Development Agreement Creates Secure Steel Supply for Solar Development

Array Technologies Signs Supply Agreement with Nucor Corporation

ALBUQUERQUE, N.M., May 11, 2021 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), one of the world's largest manufacturers of ground-mounted systems used in solar energy projects, today announced the appointment of Jayanthi “Jay” Iyengar to the Company's Board of Directors (the “Board”), replacing Peter Jonna, effective on May 10, 2021.

Array Technologies Announces Changes to Board of Directors

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ALBUQUERQUE, N.M., April 26, 2021 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), one of the world's largest manufacturers of ground-mounted systems used in solar energy projects, today announced it has been awarded a contract for up to 4GW of trackers from Primoris Services Corporation (NASDAQ: PRIM), a leading provider of specialty contracting services. The contract includes a commitment to purchase 2.5GW of DuraTrack® HZ v3 single-axis solar trackers that are scheduled to be used in more than 10 projects across North America and an option to purchase an additional 1.5GW for other projects. These projects will contribute to the expansion and adoption of solar energy and sustainability efforts. Shipments under the contract will commence in June 2021.

Array Technologies Secures Contract for up to 4GW of Trackers

ALBUQUERQUE, N.M., April 20, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2021 results after the market close on Tuesday, May 11th, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces First Quarter 2021 Earnings Release Date and Conference Call

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March came in like a lion and took a big bite out of this solar stock last month.

Why Shares of Array Technologies Plunged 20% in March

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ALBUQUERQUE, N.M., March 23, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the closing of the previously announced secondary offering by a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”). The offering consisted of 35,475,457 shares of the Company's common stock sold by the Selling Stockholder, which included 4,420,486 shares of the common stock following the exercise in full of the underwriters' option to purchase additional shares of the Company's common stock from the Selling Stockholder, at the public offering price of $28.00 per share. The Company did not receive any of the proceeds from the sale of shares by the Selling Stockholder. The Company's common stock is listed on the Nasdaq Global Market under the symbol “ARRY.”

Array Technologies, Inc. Announces Closing of Secondary Offering of 35,475,457 Shares

Solar energy tracker solution provider Array Technologies Inc (NASDAQ: ARRY) has priced 31 million shares at $28 per share in a secondary offering. Its shareholder, Oaktree Capital, is selling all the shares and offloading a stake worth $869.5 million.

Oaktree Capital Offloads $869.5M Stake In Array Technologies

ALBUQUERQUE, N.M., March 18, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the pricing of a secondary offering by a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) of 31,054,971 shares of common stock of the Company at a price to the public of $28.00 per share. In addition, the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 4,420,486 shares at the public offering price, less underwriting discounts and commissions. The Company will not receive any proceeds from the sale of shares by the Selling Stockholder. The Company's common stock is listed on the Nasdaq Global Market under the symbol “ARRY.” The offering is expected to close on March 23, 2021, subject to customary closing conditions.

Array Technologies, Inc. Announces Pricing of Secondary Offering of 31,054,971 Shares

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ALBUQUERQUE, N.M., March 16, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced that a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) has commenced an underwritten public offering of 31,054,971 shares of the Company's common stock pursuant to a registration statement filed with the Securities and Exchange Commission. Additionally, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 4,420,486 shares of the Company's common stock. In conjunction with announcing the public offering, the Company is also providing certain business updates as described in more detail below. The Company's common stock is listed on the Nasdaq Global Market under the symbol "ARRY."

News for Array Technologies Stock (ARRY)