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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A big order isn't what the market was looking for today.

Why Array Technologies Shares Plunged 15% Today

Array Technologies (ARRY) CEO Jim Fusaro on Q3 2020 Results - Earnings Call Transcript

There are many reasons to believe that Array Technologies stock will be a strong renewable energy investment. That may be-- but maybe not right now.

Now's the Time for Caution When it Comes to Array Technologies

The freshly public solar tracking company reported third-quarter results.

Why Array Technologies Stock Jumped Today

Third Quarter 2020 Financial Highlights  

Array Technologies, Inc. Reports Financial Results for the Third Quarter of 2020 and Provides Full Year 2020 Guidance

Array Technologies stock will drop 50% unless the company can extend innovation from its accounting department to its engineering one. The post Accounting Misdirection Could Send Array Technologies Stock Falling 50% appeared first on InvestorPlace.

Accounting Misdirection Could Send Array Technologies Stock Falling 50%

ALBUQUERQUE, N.M., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2020 results after the market close on Thursday, November 5, 2020, to be followed by a conference call the next day on November 6, 2020 at 8:00 a.m. (Eastern Time).

Array Technologies, Inc. Announces Third Quarter 2020 Earnings Release Date and Conference Call

Oaktree Capital did well investing in Array Technologies stock. Should it sell after the 180-day lock-up or wait for ARRY to move higher?

Should Oaktree Capital Sell the Rest of Its Array Technologies Stock?

Thanks to solar sentiment, Array Technologies stock is an interesting play. However, be aware of its distinct risk profile before you invest.

Understand the Risks Before Buying Array Technologies Stock

Array Technologies stock offers an attractive long-term play on solar growth. But investors should look for a better entry point down the line.

There's No Need to Rush Into Array Technologies Stock Just Yet

Array Technologies stock is likely to become a long-term winner as the future looks bright for shareholders The post Prepare for a Good Opportunity to Go Long Array Technologies Stock appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Daily Picks: Stocks to Buy Ahead of the Election

Prepare for a Good Opportunity to Go Long Array Technologies Stock

After 30 years in the solar industry, this company may just be getting started.

Is The Biggest Solar IPO In History A Buy?

Solar market investors might want to gobble up shares of red-hot Array Technologies stock, but you need to time your entry correctly. The post Array Technologies Is Hard to Resist, but Waiting Is the Right Thing to Do appeared first on InvestorPlace.

Array Technologies Is Hard to Resist, but Waiting Is the Right Thing to Do

Solar play Array Technologies stock is on my watch list, but it's too new to jump in right now. Wait for a pullback.

Wait for a Pullback to Buy Solar IPO Array Technologies Stock

Flex

Array Technologies is an IPO winner, even though it's low technology. Buy Flex stock instead of Array Technologies stock, since it is likely to spin off or carve out its Nextracker division.

Array Technologies Stock Is an IPO Winner, but Flex Stock Is a Better Buy

ALBUQUERQUE, N.M., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company”) today announced the closing of its upsized initial public offering of 54,625,000 shares of common stock. The offering consisted of 7,000,000 shares of common stock issued and sold by the Company and 47,625,000 shares of common stock sold by a parent entity of the Company controlled by Oaktree Capital (the “Selling Stockholder”), which included an additional 7,125,000 shares of the Company's 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, in each case at an initial public offering price of $22.00 per share. The Company did not receive any of the proceeds from the sale of shares offered by the Selling Stockholder. The common stock began trading on the Nasdaq Global Market under the symbol “ARRY” on October 15, 2020.

Array Technologies, Inc. Announces Closing of Initial Public Offering

Array Technologies finished its first day of trading at an elevated price where it managed to raise over $1 billion.

Array Technologies Sustain Can Its Early Success

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Nine IPOs and five SPACs went public this past week, and one IPO postponed.

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Array Technologies: Solid Base For Solar Energy

Array Technologies, Inc. (NASDAQ: ARRY) has traded sharply higher on its debut in trading.

Array Technologies Sizzles in Solar Tracker IPO

Shares of Array Technologies Inc. charged out of the gate, as the first trade was 34% above where the upsized initial public offering priced. A total of 47.5 million shares were sold in the IPO, as the New Mexico-based maker of ground-mounting systems used in solar energy projects sold 7 million shares to raise $154 million and a selling shareholder sold 40.5 million shares.

Array Technologies stock surges in public debut, as solar company is valued at $2.8 billion at IPO price

Solar energy company Array Technologies will go public Thursday in a listing that has already increased its offering size. About Array Technologies: Array Technologies (NASDAQ: ARRY) is one of the world’s largest manufacturers of ground-mounting systems that are used in solar energy products.

Array Technologies IPO: What Investors Should Know About This Solar Company

Array Technologies Inc — a manufacturer of tracking solutions in the solar energy domain — raised $1.05 billion from its initial public offering on Wednesday. What Happened: Array’s common stock will make the trading debut on Thursday on the Nasdaq Stock Market under the symbol “ARRY.

Solar Company Array Technologies Raises $1.05B In Upsized IPO

ALBUQUERQUE, N.M., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company”) today announced the pricing of its upsized initial public offering of 47,500,000 shares of its common stock at a price to the public of $22.00 per share. The offering consists of 7,000,000 shares of common stock being sold by the Company and 40,500,000 shares of common stock being sold by a parent entity of the Company controlled by Oaktree Capital (the “Selling Stockholder”). In addition, the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 7,125,000 shares at the public offering price, less underwriting discounts and commissions. The Company will not receive any proceeds from any sale of shares by the Selling Stockholder. The shares of common stock are expected to begin trading on the Nasdaq Global Market on October 15, 2020 under the symbol “ARRY.” The offering is expected to close on October 19, 2020, subject to customary closing conditions.

Array Technologies, Inc. Announces Pricing of Upsized Initial Public Offering

Array Technologies and a selling shareholder intend to raise $675 million in an IPO.

News for Array Technologies Stock (ARRY)