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

The Inflation Reduction Act will broadly stimulate solar, but not all companies will capture the benefits. Array's U.S. supply lines allow it to receive both direct subsidy and a 10% adder.

Array Technologies Could Be The Next Big Infrastructure Play

An analyst from Piper Sandler says he sees multiple positive catalysts for Array Technologies and its stock.

Array Stock Upgraded as Analyst Says Solar Company Looks Strong Heading Into 2023

Aspen Technology Inc

As a recession looms, tech is usually the first to feel it. In fact, tech stocks have been some of the most beaten up this year.

Piper Sandler Says Buy These 2 Tech Stocks Now

Enphase Energy

SolarEdge Technologies

Invesco Solar ETF

Source: Andreas Prott / Shutterstock [Editor's note: “Breakout in Solar Stocks Is Just the Start of a Gold Rush ” was previously published in August 2022 . It has since been updated to include the most relevant information available.

Breakout in Solar Stocks Is Just the Start of a Gold Rush

Canadian Solar

First Solar

Maxeon Solar Technologies

Shoals Technologies Group

To say that the Biden administration's recently enacted Inflation Reduction Act of 2022 (IRA22) has given the renewable energy industry a shot in the arm would be an understatement.

Goldman Sachs Updates Solar Stocks Outlook

The Sun is always shining on Array Technologies, thanks to its mechanical systems that enable solar panels to maximize energy generation. The post Array Technologies Shines By Maximizing Solar Energy Generation appeared first on Investor's Business Daily.

Array Technologies Shines By Maximizing Solar Energy Generation

Source: Shutterstock Currently, solar stocks are staging an enormous breakout. And our fundamental and technical analysis indicates this is just the beginning of a massive 50% melt-up!

The Breakout in Solar Stocks Is Just the Start of Massive Gains

Here is how Array Technologies, Inc. (ARRY) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.

Has Array Technologies (ARRY) Outpaced Other Oils-Energy Stocks This Year?

Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2022 Earnings Conference Call August 9, 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 Philip Shen - ROTH Capital Colin Rusch - Oppenheimer & Co. Maheep Mandloi - Credit Suisse Donovan Schafer - Northland Capital Markets Joseph Osha - Guggenheim Kashy Harrison - Piper Sandler William Grippin - UBS Operator Hello, and welcome to the Array Technologies Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Array Technologies, Inc. (ARRY) CEO Kevin Hostetler on Q2 2022 Results - Earnings Call Transcript

Array Technologies, Inc. Reports Financial Results for the Second Quarter 2022 – Outperforms on revenue and adjusted EBITDA, delivers organic growth of 79% in Array Legacy Operation segment, and has third straight quarter of gross margin improvement

Ballard Power Systems

Plug Power

The three major U.S. equity indexes closed mixed on Friday. The Dow Jones industrials added 0.2%, while the S&P 500 slipped by 0.16% and the Nasdaq fell by 0.5%.

Earnings Previews: Array Technologies, Ballard Power, Plug Power

Array Technologies, Inc. (ARRY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Array Technologies, Inc. (ARRY) Soars 23.5%: Is Further Upside Left in the Stock?

ALBUQUERQUE, N.M., July 21, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (“Array”) (NASDAQ: ARRY) and Nextracker LLC, Daniel S. Shugar, Marco Garcia, Flextronics International U.S.A., Inc., Scott Graybeal and Colin Mitchell have entered into a monetary settlement agreement to resolve a lawsuit Array filed in 2017 in the United States District Court for the District of New Mexico, Case No. 1:17-cv-00087-JCH-LF. Array's claims in the lawsuit included misappropriation of Array's trade secrets, tortious interference of contract, and breach of contract. The trial was set to begin on Monday, July 18, 2022.

Array Technologies, Inc. Enters Into Settlement Agreement with Nextracker LLC, Flextronics International U.S.A., Inc.

ALBUQUERQUE, N.M., July 19, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2022 results after the market close on Tuesday, August 9th, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, Inc. Announces Second Quarter 2022 Earnings Release Date and Conference Call

The shares of Array Technologies Inc (NASDAQ:ARRY) are seeing some reprieve after Friday's slump, last seen up 6.2% at $11.51.

This Solar Energy Stock's Slump Could Be Short-Lived

JinkoSolar Holding

Sunrun

Array Technologies Inc (NASDAQ: ARRY), Enphase Energy Inc (NASDAQ: ENPH), JinkoSolar Holding Co., Ltd (NYSE: JKS), Solaredge Technologies Inc (NASDAQ: SEDG) and Sunrun Inc (NASDAQ: RUN) are all trading lower Friday morning. Shares of clean energy manufacturing companies at.

Why Array Technologies, Enphase Energy, JinkoSolar, SolarEdge Technologies And Sunrun Shares Are Nosediving Today

Array has faced a multitude of problems since its 2020 IPO, the latest of which was the solar panel market investigation by the Commerce Department, grinding shares to all-time lows. President Biden recently issued an executive order clearing the way for a 24-month tariff-free period, giving the solar industry a reprieve from massive supply chain disruption.

Array Technologies: Import Tariff Overhang Is Gone, It's Time To Shine

ALBUQUERQUE, N.M., June 22, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDQ: ARRY) (“Array” or “the Company”) has released its 2021 Environmental, Social and Governance (ESG) report that provides the renewable energy company's mid-term ESG goals and its advances in reducing its environmental footprint.

Array Technologies Releases 2021 Environmental, Social and Governance Report

FTC Solar

Tesla

On Monday, the White House moved to boost the solar energy sector and encourage domestic production of solar equipment. The measures include pausing new tariffs on solar imports for the next two years as well as invoking the Defense Production Act to prioritize solar equipment through grants and loans.

The Sun Is Rising for Solar Stocks

There are big changes coming to the U.S. solar industry.

Why Solar Energy Stocks Jumped Today

SunPower

Today's news that Biden has backtracked on solar energy tariffs has sent solar stocks skyrocketing in today's session. The post Solar Stocks News: Why RUN, ARRY, ENPH, JKS, SPWR and TAN Are Blazing Today appeared first on InvestorPlace.

Solar Stocks News: Why RUN, ARRY, ENPH, JKS, SPWR and TAN Are Blazing Today

Sunnova Energy International Inc

With a couple of exceptions, solar industry stocks were posting decent gains Monday morning following President Joe Biden's announced steps to boost solar manufacturing in the United States and roll back tariffs on solar modules and cells manufactured abroad for a period of 24 months.

Solar Stocks Get Some Sunshine From Biden

Array Technologies Inc (NASDAQ: ARRY) stock is up 20% this morning on a Reuters report that said President Biden will terminate new tariffs on solar panels. Details of the exemption on tariffs The exemption for two years that's relevant to imports from Cambodia, Malaysia, Thailand, and Vietnam will help mitigate supply pressures on the U.S. […] The post Array Technologies stock opened 20% up on Monday: this is why appeared first on Invezz.

Array Technologies stock opened 20% up on Monday: this is why

Array Technologies Inc (NASDAQ: ARRY) shares are trading higher Monday amid a report that President Biden will issue a proclamation allowing the import of solar panels from four Southeast Asian countries without tariffs for 24 months. According to a Reuters report, citing.

Why Array Technologies Stock Is Surging Today

President Joe Biden will declare a 24-month tariff exemption for solar panels from four countries, Reuters reported.

News for Array Technologies Stock (ARRY)