Array Technologies, Inc. (ARRY)
| Market Cap | 1.46B |
| Revenue (ttm) | 1.35B |
| Net Income (ttm) | 60.56M |
| Shares Out | 151.77M |
| EPS (ttm) | 0.40 |
| PE Ratio | 24.08 |
| Forward PE | 7.81 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,332,939 |
| Open | 9.57 |
| Previous Close | 9.57 |
| Day's Range | 9.34 - 10.17 |
| 52-Week Range | 9.34 - 26.64 |
| Beta | 1.72 |
| Analysts | Buy |
| Price Target | 18.94 (+96.68%) |
| Earnings Date | Aug 6, 2024 |
About ARRY
Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally. The company operates in two segments, Array Legacy Operations and STI Operations. Its products portfolio includes DuraTrack HZ v3, a single axis tracker; Array STI H250 that delivers a lower levelized cost of energy with tracker system; Array OmniTrack; and SmarTrack, a software product that uses site-specific historical weather and energy production data in combinati... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for ARRY stock is "Buy." The 12-month stock price forecast is $18.94, which is an increase of 96.68% from the latest price.
News
Array CEO Kevin Hostetler Testifies Before Congress on the Solar Manufacturing Boom from the Inflation Reduction Act
ALBUQUERQUE, N.M., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Kevin G.
Array Technologies Stock Slides. CFO Departure Is a ‘Surprise,' Analyst Says.
Chief Financial Officer Kurt Wood is stepping down from his position at Array effective June 30.
Array Technologies Announces Departure of Chief Financial Officer
Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024 Chief Financial Officer, Kurt Wood, will step down from his position effective June 30, 2024
Array Technologies Appoints Neil Manning as President and Chief Operating Officer
ALBUQUERQUE, N.M., June 05, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy p...
Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders
First Quarter 2024 Highlights Revenue of $153.4 million Gross Margin of 35.9% Adjusted gross margin of 38.3%(1) Net loss to common shareholders of $11.3 million Adjusted EBITDA(1) of $26.2 million Bas...
Array and DNV Release Report on Solar Tracker Wind Stow Strategies' Energy Impact
ALBUQUERQUE, N.M., May 06, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of solar tracking solutions, confirmed in a new study that its safe, passive wind stow solutio...
Array Hosts U.S. Energy Secretary Granholm, New Mexico Senators to Break Ground on New Solar Manufacturing Facility
ALBUQUERQUE, N.M., April 26, 2024 (GLOBE NEWSWIRE) -- U.S. Secretary of Energy Jennifer Granholm, U.S. Senators Martin Heinrich and Ben Ray Luján, Albuquerque Mayor Tim Keller, and Bernalillo County C...
EPC Power names Jim Fusaro as CEO
POWAY, Calif.--(BUSINESS WIRE)--EPC Power, a leading U.S. provider of high-performance, utility-scale, smart inverters for the solar and storage industries, announced today that Jim Fusaro has been ap...
Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call
ALBUQUERQUE, N.M., April 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2024 results af...
Array Technologies Launches Hail Alert Response
ALBUQUERQUE, N.M., March 26, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking, is proud to announce the launch of ...
Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million
Fourth Quarter 2023 Financial Highlights Revenue of $341.6 million Net income to common stockholders of $6.0 million Adjusted EBITDA(1) of $48.2 million Basic and diluted net income per share of $0.04...
Array Technologies and Alupco® Announce Strategic Partnership to Fuel Growing Renewable Energy Market in the Middle East
ALBUQUERQUE, N.M., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading manufacturer of utility-scale solar tracking technology, announced a new st...
Array Technologies, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call
ALBUQUERQUE, N.M., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full year 2...
Jefferies initiates coverage on solar energy stocks
Higher interest rates have been a headwind for many sectors, including solar energy. As the Federal Reserve may pivot to rate cuts next year, hope is on the horizon for the renewable energy sector.
Array Technologies Appoints Solar Industry Veteran Jessica Lawrence-Vaca as Senior Vice President, Policy and External Affairs
ALBUQUERQUE, N.M., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy p...
Array Technologies' Guidance Shows More Pain for Solar Stocks
Shares of the solar tracking solutions company are on pace for their worst day in more than two years.
Array Technologies, Inc. Reports Financial Results for the Third Quarter 2023 – Continues strong operational execution; announced Chief Financial Officer transition
Third Quarter 2023 Highlights Revenue of $350.4 million(1) Net income to common shareholders of $10.1 million Adjusted EBITDA(2) of $57.4 million Basic and diluted net income per share of $0.07 Adjust...
Array Technologies Introduces Integrated Field Services and Customer Training Offerings to US Customers
ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce th...
Gov. Lujan Grisham and Array Technologies Announce N.M. Expansion
Global solar company's New Bernalillo County campus solidifies relationship with New Mexico Global solar company's New Bernalillo County campus solidifies relationship with New Mexico
Array Technologies, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call
ALBUQUERQUE, N.M., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2023 results aft...
LQR House Propels Von Payne Whiskey to Secure Its First Costco Purchase Order & Provides Corporate Update
- Strategic Marketing Leads Von Payne Whiskey to Prominent Retail Shelves - MIAMI BEACH, FL / ACCESSWIRE / September 29, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a leading ma...
Array Technologies Strengthens Domestic Supply Chain Through Base Load Agreement with Steel Dynamics
LAS VEGAS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, has signed a long-term agreement ...
Long-standing Agreement Between Array Technologies and Extruded Aluminum Corporation Boosts US Manufacturing with Nearly $35 Million Investment in Michigan Facility Expansion
LAS VEGAS, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, reinforces their long-standing, 1...
These Are the Solar Power Winners and Losers of 2023 So Far
A record amount of solar panels are expected to be installed in the U.S. this year, but the fate of companies in the industry has diverged.
Array Technologies Leads Solar Tracker Industry with Highest US Domestic Content Sourcing
ALBUQUERQUE, N.M., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracker solutions, is the front-runner in domestic content sourcing, c...