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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ALBUQUERQUE, N.M., March 16, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), one of the world's largest providers of utility-scale solar tracker technology, today announced that it is quickly progressing through the procedures required to complete its year-end reporting and expects to file its Annual Report in the coming weeks.

Array Technologies Provides Update on Form 10-K Filing

ALBUQUERQUE, N.M., March 04, 2022 (GLOBE NEWSWIRE) -- As announced on March 2, 2022, Array Technologies, Inc. (Nasdaq: ARRY), (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, filed a Notification of Late Filing on Form 12b-25, indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”) would be delayed because the Company needs additional time to complete its year-end reporting process after becoming a large accelerated filer for the first time this past year and, also, to evaluate the accounting for certain transactions during the audit period. The Company is assessing the classification and recognition of its revenue for the sale of tracker products, which could reflect a change to the period in which revenue is recognized (the Company's average contract is performed over a 3-5 month period). The Company is still evaluating whether any adjustments would be required and, if so, whether they would be material. It is important to note that there will not be a change in the aggregate revenue and profitability of any of the Company's contracts over time.

Array Technologies, Inc. Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K

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Array Technologies: Severely Unloved And Undervalued

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Array Technologies has seen real turmoil in 2021 as a short-lived recovery has reversed swiftly. The company has been attracting somewhat expensive capital as deploying these resources on a major deal while the business is in turmoil seems odd.

Array Technologies: No Sunshine Yet

Establishes Array as Global Leader in Solar Trackers with Leading Positions in North America, Latin America and Europe Establishes Array as Global Leader in Solar Trackers with Leading Positions in North America, Latin America and Europe

Array Technologies Completes Acquisition of STI Norland

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Thierry Marin-Martinod Appointed Chief Technology Officer

Array Technologies Announces Leadership Updates

NEW YORK--(BUSINESS WIRE)-- #ARRY--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Array Technologies, Inc. (NASDAQ: ARRY) on behalf of long-term stockholders following a class action complaint that was filed against Array on May 14, 2021. Our investigation concerns whether the board of directors of Array have breached their fiduciary duties to the company. The complaint alleges that, during the Class Period, defendants mad

ARRAY ALERT: Bragar Eagel & Squire, P.C. is Investigating Array Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

2021 has been the year of focus on energy transition. Interestingly, however, solar stocks still remained unloved, as evident from the Invesco Solar ETF that's down 20% year-to-date.

Solar stocks underperformed this year: could that change in 2022?

ALBUQUERQUE, N.M., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “Array”) today announced it has priced an upsized offering of $375 million aggregate principal amount of 1.00% convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) to eligible purchasers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Array expects the offering to close on December 3, 2021, subject to the satisfaction of customary closing conditions. The additional proceeds from upsized offering will enable the Company to reduce the amount of Series A Preferred Stock that the Company intends to issue to finance a portion of the cash consideration for the STI Acquisition (as defined below) from $100 million to $50.0 million. The reduction will result in fewer common shares being issued to the Series A Preferred holders and lower interest expense annually, thereby reducing the overall cost of capital for the STI Acquisition. Array has also granted the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional $50.0 million aggregate principal amount of notes.

Array Technologies, Inc. Announces Pricing of Upsized Convertible Senior Notes Offering

The prospect of shareholder dilution is a gray cloud looming on the horizon for this solar industry company.

Why Shares of Array Technologies Are Plunging Today

Array Technologies Inc (NASDAQ: ARRY) intends to offer $325 million of senior convertible notes due 2028 in a private placement. Array also intends to grant the initial purchasers an option to purchase up to an additional $48.75 million of Notes.

Array Technologies To Offer $325M Of Convertible Senior Notes

The stock price of Array Technologies Inc (NASDAQ: ARRY) fell by 7% after hours today. This is why it happened.

Array Technologies (ARRY) Stock: Why The Price Fell Today

ALBUQUERQUE, N.M., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ: ARRY) (the “Company” or “Array”) today announced that, subject to market conditions, it intends to offer $325 million in aggregate principal amount of convertible senior notes due 2028 (the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). Array also intends to grant the initial purchasers of the Notes an option to purchase, within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $48.75 million aggregate principal amount of Notes.

Array Technologies, Inc. Announces Proposed Private Offering of $325 Million of Convertible Senior Notes

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ALBUQUERQUE, N.M., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (Nasdaq: ARRY) (“Array”), one of the world's largest providers of utility-scale solar tracking technology, today announced that Jim Fusaro, Chief Executive Officer, has informed the board of his intent to retire from the company on or before December 31, 2022. The Board of Directors is engaged in a search to identify Mr. Fusaro's successor.

Array Technologies Announces Planned CEO Retirement

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Shares of Array Technologies Inc (NASDAQ: ARRY) are up about 20% on Friday, which is surprising since the company missed Wall Street estimates for Q3 just last night.   All wasn't bad though Today's price action could be attributed to more than one reason.

Array Technologies up 20% despite weak results: what's fuelling the stock?

Array Technologies Inc (NASDAQ: ARRY) shares are trading higher after the company announced it will acquire STI Norland. The company also reported third-quarter results.

Why Array Technologies Shares Are Rising

Missing revenue and earnings estimates couldn't cloud investors' spirits.

Why Shares of Array Technologies Are Soaring Today

Array Technologies, Inc. (ARRY) CEO Jim Fusaro on Q3 2021 Earnings Conference Call - Earnings Call Transcript

News for Array Technologies Stock (ARRY)