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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

IPO Stock Of The Week pick solar leader Array Technologies triggered a key sell rule following its failed breakout move this week. The post IPO Stock Of The Week: Solar Leader Array Technologies Triggers Sell Signal After Failed Breakout appeared first on Investor's Business Daily.

IPO Stock Of The Week: Solar Leader Array Technologies Triggers Sell Signal After Failed Breakout

Enphase Energy

First Solar

NextEra Energy

Sunnova Energy International Inc

Sunrun

SunPower

Bernadette Del Chiaro, executive director of the California Solar & Storage Association, says the plan is a 'step backwards when we really need to be moving forward with solar and battery storage.'

SunPower and Other Solar Stocks Fall as California Cuts Incentives for Rooftop Panels

Celsius Holdings

Lattice Semiconductor

The stock market dived Thursday, as the tech-heavy Nasdaq composite broke down below its key 50-day moving average. Netflix stock plunged.

Stock Market Dives As Nasdaq Breaks Key Level; 3 Faltering Breakouts To Watch

Over the past few months, the solar industry has been outperforming the market. Today we dive into the reasons that out performance may continue.

Market Red but 3 Solars Shine Bright Green

Constellation Energy Corp

Enovix Corporation

Knight-Swift Transportation Holdings

MasTec

Quanta Services

Stem, Inc

James (“Jos”) Shaver is the Managing Partner and Chief Investment Officer at Electron Capital Partners.

These Are the Top 10 Holdings of Jos Shaver

Investors need to pay close attention to Array Technologies (ARRY) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Array Technologies (ARRY) Stock?

Amkor Technology

Broadcom

Cirrus Logic

ON Semiconductor

Once considered to be a cash cow for investors, finding semiconductor stocks to buy and hold can be daunting these days. The iShares Semiconductor ETF (NASDAQ: SOXX ), an exchange traded fund that holds 30 leading semiconductor stocks, is down more than 30% so far this year as a chip shortage continues to stress the industry and growth stocks find it a challenge to gain momentum.

7 Semiconductor Stocks to Buy and Hold Forever

7 Stocks to Buy and Hold Forever

SolarEdge Technologies

The transition to clean energy, once seen as important solely for environmental purposes, has now become a key cornerstone of supply chain security efforts. As governments around the world become more aware of the risks of globalized supply chains in light of the Covid-19 pandemic and the Russia-Ukraine war, one way to decrease the potential drawbacks of future geopolitical developments is to build out renewable energy infrastructure.

Solar Stocks Were Supposed to Rebound; Insiders Aren't Convinced

ConocoPhillips

Chevron

Devon Energy

Kinder Morgan

Vestas Wind Systems A/S

Exxon Mobil

Looking ahead a year is always difficult. Predictions made now are unlikely to accurately reflect the situation 12 months from now.

Our 7 Top Energy Stock Picks for 2023

ARRY is the leading global provider of solar tracking systems and accessories. The current legislative climate in the United States is quite favorable for the corporation. In particular, the Biden tariff moratorium and the inflation reduction act of 2022.

Array Technologies, Inc.: Banking On Good Legislation And Robust Demand

Array Technologies Inc (NASDAQ:ARRY) is pulling back from multi-month highs after another runup to its 2022 peak of $24, touched on Aug. 11.

Alternative Energy Stock Could Be a Good Pick for Bulls

Boeing

Chubb

Dow Jones airplane maker Boeing and solar leader Array Technologies are two of the top stocks to buy and watch in today's market action. The post Dow Jones Leader Boeing Headlines 4 Best Stocks To Watch appeared first on Investor's Business Daily.

Dow Jones Leader Boeing Headlines 4 Best Stocks To Watch

Among the top IPO stocks to buy and watch, solar leader Array Technologies is breaking out past a new buy point. The post IPO Stock Of The Week Heats Up As Solar Leader Array Technologies Breaks Out Past New Buy Point appeared first on Investor's Business Daily.

IPO Stock Of The Week Heats Up As Solar Leader Array Technologies Breaks Out Past New Buy Point

Marathon Petroleum

Netflix

Buying pressure accelerated Tuesday afternoon, as all sectors found positive territory.

S&P 500 Overtakes Key 4,000 Level: Stocks to Watch

Setting a company record has a funny way of garnering the market's attention.

Why Shares of Array Technologies Are Soaring This Week

Disney

Investors continued to react to company financial reports.

Disney's Down, but This Stock's Having Its Day in the Sun

Array Technologies, Inc. (NASDAQ:ARRY ) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Cody Mueller - Vice President of Finance & Investor Relations Kevin Hostetler - Chief Executive Officer Nipul Patel - Chief Financial Officer Conference Call Participants Brian Lee - Goldman Sachs Mark Strouse - JPMorgan Philip Shen - ROTH Capital Partners Martin Malloy - Johnson Rice Donovan Schafer - Northland Capital Markets Maheep Mandloi - Credit Suisse Kashy Harrison - Piper Sandler Joseph Osha - Guggenheim Jeff Osborne - Cowen & Company Operator Hello and welcome to the Array Technologies Third Quarter 2022 Earnings Call. question-and-answer session will follow the formal presentation.

Array Technologies, Inc. (ARRY) Q3 2022 Earnings Call Transcript

Array Technologies, Inc. (ARRY) delivered earnings and revenue surprises of 50% and 29.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Array Technologies, Inc. (ARRY) Q3 Earnings and Revenues Surpass Estimates

ARRY stock jumped late Tuesday as the provider of solar technology gear reported third-quarter results that beat estimates. The post Array Third-Quarter Results Soundly Beat Estimates appeared first on Investor's Business Daily.

Array Third-Quarter Results Soundly Beat Estimates

Array Technologies, Inc. Reports Financial Results for the Third Quarter 2022 – Delivers record revenue of $515 million and the fourth consecutive quarter of gross margin improvement

ALBUQUERQUE, N.M., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (“Array”) (NASDAQ: ARRY), one of the world's largest providers of utility-scale solar tracking technology, has been awarded a contract to supply its DuraTrack® solar trackers for EDF Renewables North America, one of the largest renewable energy developers in North America.

Array Technologies to Supply Solar Trackers for Over 750 MWdc Solar Project in Ohio

Maxeon Solar Technologies

Shoals Technologies Group

Solar power stocks have roared thanks to passage of the Inflation Reduction Act. Here's why the long-volatile group may offer investors more stability now.

Solar Stocks Have A Bright New Outlook Including First Solar, Enphase, Array And Shoals

Array Technologies, Inc. (ARRY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Array Technologies, Inc. (ARRY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

The mean of analysts' price targets for Array Technologies, Inc. (ARRY) points to a 50.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Can Array Technologies, Inc. (ARRY) Climb 50% to Reach the Level Wall Street Analysts Expect?

News for Array Technologies Stock (ARRY)