ALBUQUERQUE, N.M., Sept. 09, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, is proud to announce the development of 77-degree stow capabilities for its tracker systems, the steepest stow angle for protective hail stow on the planet. This advanced tracker will offer unprecedented flexibility and protection from both hail and wind, further... Read More

Second Quarter 2024 Highlights Revenue of $255.8 million Gross Margin of 33.6% Adjusted gross margin of 35.0% ( 1) Net income to common shareholders of $12.0 million Adjusted EBITDA ( 1) of $55.4 million Basic and diluted net income per share of $0.08 Adjusted diluted net income per share ( 1) of $0.20 ALBUQUERQUE, N.M., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading... Read More

ALBUQUERQUE, N.M., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a global leader in utility-scale solar tracking solutions, announced the launch of SkyLink, a revolutionary PV-powered wireless tracker system that builds on the capabilities of DuraTrack ® and OmniTrack™️... Read More

ALBUQUERQUE, N.M., July 18, 2024 (GLOBE NEWSWIRE) -- Array Technologies (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2024 results after the market close on Thursday, August 8ᵗʰ, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or... Read More

ALBUQUERQUE, N.M., July 16, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its fourth annual ESG and sustainability disclosures in line with the company’s ongoing commitment to customers, investors, and key stakeholders to generate energy with integrity. Array’s 2023 ESG &... Read More

ALBUQUERQUE, N.M., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Kevin G. Hostetler, chief executive officer of Array Technologies (NASDAQ: ARRY), a leading provider of tracker solutions and services for utility-scale solar energy projects, testified before the Congressional Joint Economic Committee. The hearing, “Made in America:... Read More

ALBUQUERQUE, N.M., June 10, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, announced today that its Chief Financial Officer, Kurt Wood, will be stepping down from his position at the end of the second quarter to pursue other business interests. “On behalf of Array Technologies, I want to thank... Read More

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 projects, has named Neil Manning as president and chief operating officer. Manning will continue to report directly to Array’s chief executive officer, Kevin G. Hostetler. He has previously served as the chief operations officer... Read More

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 Basic and diluted net loss per share of $0.07 Adjusted diluted net income per share (1) of $0.06 ALBUQUERQUE, N.M., May 09, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider... Read More

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 solution can significantly optimize energy production. Array collaborated with DNV Energy USA (DNV) to publish a comprehensive report titled “Energy Impact of Different Solar Tracker Wind Stow Strategies,” outlining the benefits of... Read More

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 Commission Chair Barbara Baca joined today with Array Technologies (NASDAQ: ARRY) to announce the groundbreaking of a new $50+ million manufacturing campus in Bernalillo County, New Mexico. The facility marks a significant... Read More

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 after the market close on Thursday, May 9 th , 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or... Read More

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 its patented Hail Alert Response, a groundbreaking set of software features designed to autonomously protect solar assets from hail damage. This innovative technology is part of Array's ongoing efforts to enhance the resilience... Read More

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 Adjusted diluted net income per share (1) of $0.21 $49.9 million of 45X benefit earned for 2023 torque tube deliveries; $9.3 million recognized during 2023 in the statement of operations Full Year 2023 Financial Highlights... Read More

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 strategic partnership with Aluminum Products Company (ALUPCO®), a leading aluminum extrusion company in the Middle East and North Africa, to support the growing market for renewable energy projects in the region. Headquartered in... Read More

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 2023 results after the market close on Tuesday, February 27 th , 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing... Read More

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 projects, has named Jessica Lawrence-Vaca as senior vice president, policy and external affairs. Lawrence-Vaca will report directly to Array’s CEO, Kevin G. Hostetler. As a seasoned executive with more than 20 years of solar and... Read More

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 Adjusted diluted net income per share ( 2 ) of $0.21 Executed contracts and awarded orders at September 30, 2023 totaling $1.6 billion (1) Revenue results exclude the impact of a ($20.1) million Brazil value-added tax benefit,... Read More

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 the launch of its comprehensive Field Services and Customer Training solutions. Designed to meet the ever-evolving demands of the solar industry, these offerings tackle key challenges facing the industry to help reduce operational... Read More

ALBUQUERQUE, N.M., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Gov. Michelle Lujan Grisham and Array Technologies CEO Kevin Hostetler announced today that Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) has finalized plans for a major expansion that will solidify the Company’s New Mexico future with a new $50 million... Read More

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 after the market close on Tuesday, November 7, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or... Read More

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 with Steel Dynamics to provide a fixed supply of coil for Array's U.S. projects. Steel Dynamics, headquartered in Fort Wayne, Ind., will source the coil from its flat roll steel mills located in Indiana, Mississippi, and Texas.... Read More

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, 10-year partnership with Extruded Aluminum Corporation (EAC) which expands Array’s U.S. manufacturing footprint with additional aluminum extrusion capacity. EAC, based in Belding, Mich., manufactures multiple extrusion profiles... Read More

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, capable of achieving in excess of 85% of content from U.S. suppliers at scale—an unparalleled benchmark in the solar industry. Array's dedication to domestic manufacturing is evidenced by its collaborations with long-standing... Read More

Second Quarter 2023 Highlights Revenue of $507.7 million Net income to common shareholders of $52.0 million Adjusted EBITDA (1) of $115.6 million Basic and diluted net income per share of $0.34 Adjusted diluted net income per share (1) of $0.47 Executed contracts and awarded orders at June 30, 2023 totaling $1.7 billion (1) A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included below.... Read More

ALBUQUERQUE, N.M., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Aaron Gabelnick as its chief strategy and technology officer, effective August 7, 2023. Gabelnick will report directly to Array’s CEO Kevin Hostetler. “Aaron’s global business and strategic consulting... Read More

New mill dedicated to manufacturing steel tubes for utility-scale solar projects will use domestically sourced steel The agreement supports continued expansion in utility-scale solar sector in central U.S., including the fast-growing Texas market Buildout of U.S. solar manufacturing base boosts domestic supply chain, provides economic benefit to local communities, and expands access to clean energy Aligns with Array’s intent... Read More

ALBUQUERQUE, N.M., July 18, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2023 results after the market close on Tuesday, August 8, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-451-6152 (domestic) or... Read More

ALBUQUERQUE, N.M., June 20, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has published its third annual Environmental, Social, and Governance (ESG) report . The report contains notable highlights and progress updates, including: Accomplishing our governance goal by increasing board female... Read More

First Quarter 2023 Highlights Revenue of $376.8 million Net income to common shareholders of $13.6 million Adjusted EBITDA (1) of $67.0 million Basic and diluted net income per share of $0.09 Adjusted diluted net income per share (1) of $0.25 Executed contracts and awarded orders at March 31, 2023 totaling $1.6 billion (1 ) A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included below.... Read More

ALBUQUERQUE, N.M., April 18, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2023 results after the market close on Tuesday, May 9, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-451-6152 (domestic) or... Read More

Fourth Quarter 2022 Financial Highlights Revenue of $402.1 million Net loss to common stockholders of $17.3 million Adjusted EBITDA (1) of $51.7 million Basic and diluted net loss per share of $0.11 Adjusted diluted net income per share (1) of $0.10 Executed contracts and awarded orders at December 31, 2022 totaling $1.9 billion Full Year 2022 Financial Highlights Revenue of $1,638 million Net loss to common stockholders of... Read More

ALBUQUERQUE, N.M., March 15, 2023 (GLOBE NEWSWIRE) -- Today Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions, software and services for utility-scale solar energy projects filed an amendment to its previously filed Notification of Late Filing on Form 12b-25 with the SEC as it determined it would be unable to file its Annual Report on Form 10-K for the year ended December... Read More

ALBUQUERQUE, N.M., March 02, 2023 (GLOBE NEWSWIRE) -- Today Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions, software and services for utility-scale solar energy projects announced selected preliminary unaudited financial results for its full year ended December 31, 2022 and provided full year 2023 guidance. The Company plans to release its full fourth quarter and full... Read More

Contracted to supply solar trackers for 130MWdc Glenrowan solar farm First supplier contract awarded for Victorian Renewable Energy Tender 2 (VRET2) Local manufacturing to create jobs in Australia and spur economic growth ALBUQUERQUE, N.M. and SYDNEY, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), a leading provider of tracker solutions and services for utility-scale solar energy projects, has... Read More

ALBUQUERQUE, N.M., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) ("Array" or the "Company"), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced that Neil Manning has been named Chief Operations Officer. Mr. Manning is a global business leader with over three decades of operations and commercial experience in driving growth via transformative... Read More

Third Quarter 2022 Highlights Revenue of $515.0 million Net income to common stockholders of $28.6 million Adjusted EBITDA (1) of $55.4 million Basic and diluted net income per share of $0.19 Adjusted diluted net earnings per share (1) of $0.18 Executed contracts and awarded orders at September 30, 2022 totaling $1.8 billion... Read More

ALBUQUERQUE, N.M., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced the appointment of Tracy Jokinen to the Company's Board of Directors (the “Board”), replacing Ron Corio, effective on November 8, 2022. “We are tremendously excited to have Tracy join the Board of Directors. Tracy’s... Read More

Array DuraTrack® solar trackers to be installed at one of the largest solar energy projects in the U.S. Project raises Array’s profile in growing Midwest U.S. market and solidifies its global leadership position as a renewable energy solutions partner Array’s domestic and agile supply chain facilitates on-time deliveries and project schedules ALBUQUERQUE, N.M., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Array Technologies, Inc.... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2022 results after the market close on Tuesday, November 8 th , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-300-8521 (domestic) or (412)-317-6026 (international). A telephonic... Read More

Array OmniTrack™ is the industry’s premier terrain-following solution, designed to reduce site preparation work, ease installation, increase project ROI and lower total project costs Array STI H250, which will soon be offered in the U.S., provides a price competitive option ideally suited for sites with irregular boundaries, highly angled blocks, or fragmented project areas Array’s broad portfolio of innovative new product... Read More

Second Quarter 2022 Highlights Revenue of $424.9 million Net loss to common stockholders of $15.0 million Adjusted EBITDA ( 1) of $25.9 million Basic and diluted net loss per share of $0.10 Adjusted basic and diluted net earnings per share ( 1) of $0.09 Executed contracts and awarded orders at June 30, 2022 totaling $1.9 billion (1) A reconciliation of the most comparable GAAP measure to its Non-GAAP measure is included... Read More

Array Technologies, Inc. (NASDAQ: ARRY) (“Array”), one of the world’s largest providers of utility-scale solar tracker technology, has appointed Terrance Collins as chief human resources officer. Collins will report directly to Array’s Chief Executive Officer (CEO) Kevin Hostetler. “Terrance brings to Array broad expertise in human resources rooted in driving transformational organizational change,” said Kevin Hostetler, CEO... Read More

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... Read More

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 9 th , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic replay... Read More

Achieved 13% Reduction in Water Usage and 12% Increase in Volume of Recycled Aluminum Targets Environmental and Diversity Goals for 2025 Moves Toward Alignment with the Global Frameworks for Enhanced Transparency 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... Read More

First Quarter 2022 Highlights Revenue of $300.6 million Net loss to common stockholders of $33.7 million Adjusted EBITDA ( 1) of $0.7 million Adjusted basic and diluted net loss per share ( 1) of $0.02 Executed contracts and awarded orders at March 31, 2022 totaling $2.0 billion Joined UN Global Compact, the world’s largest corporate sustainability initiative (1) A reconciliation of the most comparable GAAP measure to its... Read More

Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for the utility-scale solar energy industry, today announced that its management team will attend the following investor conferences. Credit Suisse 2022 Renewables and Utilities Summit May 12, 2022 New York, NY Cowen 2 nd Annual Sustainability and Energy Transition Summit June 7, 2022 Fireside Chat at 1:50pm ET... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2022 results after the market close on Tuesday, May 10 th , 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic replay... Read More

Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) is disappointed by the U.S. Department of Commerce’s decision to investigate an allegation of tariff circumvention on solar modules. It is our belief that this request has no merit and does not meet the criteria for such a petition, as defined by the Department of Commerce. This action will undermine momentum with current solar energy developments and the mere... Read More

Fourth Quarter 2021 Financial Highlights Revenue of $219.9 million Net loss to common stockholders of $32.1 million Adjusted EBITDA of $0.5 million (1) Adjusted basic and diluted net loss per share of $(0.06) Executed contracts and awarded orders at December 31, 2021 totaling $1.8 billion, a new record Full Year 2021 Financial Highlights Revenue of $853.3 million Net loss to common stockholders of $66.1 million Adjusted... Read More

Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for the utility-scale solar energy industry, today announced that Kevin Hostetler has been appointed Chief Executive Officer, effective April 18, 2022. Mr. Hostetler will also join Array’s Board of Directors. He succeeds Jim Fusaro, who previously announced his intention to retire by the end of the year. Mr.... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced it has entered into an agreement to supply nearly 1GW of DuraTrack ® HZ v3 single-axis solar trackers for the Gemini solar project, which will be the largest operational solar + storage site in the U.S., according to Oakland-based developer Primergy Solar. The project will... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full year 2021 results after the market close on Tuesday, April 5 th 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A... Read More

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. Once the date of filing is finalized the Company will also announce the timing of its fourth quarter earnings call where it will... Read More

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... Read More

Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced it has completed its previously announced acquisition of Soluciones Técnicas Integrales Norland, S.L. (“STI Norland”), one of Europe’s leading manufacturers of solar trackers. The transaction creates the largest solar tracker company in the world with... Read More

Thierry Marin-Martinod Appointed Chief Technology Officer Chief Marketing Officer Erica Brinker to Succeed Jeff Krantz as Chief Commercial Officer Newly Appointed Chief Revenue Officer Travis Rose to Lead Sales Growth Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest providers of utility-scale solar tracker technology, today announced an update to its executive leadership team, including the appointment... Read More

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... Read More

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... Read More

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. “It has been a privilege to lead Array over the past four... Read More

Establishes Array as global leader in solar trackers Increases exposure to international markets, including the large and rapidly growing Brazilian market Expected to be significantly accretive to margins and earnings per share before synergies Combined company expected to generate in excess of $200 million of Adjusted EBITDA in 2022 Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest providers of... Read More

Third Quarter 2021 Financial Highlights Revenue of $192.1 million Net loss to common stockholders of $31.0 million Adjusted EBITDA loss of $0.5 million (1) Adjusted basic and diluted net loss per share of $0.07 (1) Executed contracts and awarded orders at September 30, 2021 totaling $1 billion, a new record (1) A reconciliation of the GAAP to the most comparable Non-GAAP results is included below. Array Technologies, Inc.... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2021 results after the market close on Thursday, November 11 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced it has entered into a multi-year supply arrangement with POSCO, one of the world’s largest steelmakers, to diversify and strengthen its global supply chain. Array will now have access to POSCO’s proprietary PosMAC ® material, an alloy coated corrosion resistant steel.... Read More

ALBUQUERQUE, N.M., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced the appointment of Bilal Khan, Paulo Almirante and Gerrard Schmid to the Board of Directors, effective immediately. “We are thrilled to welcome Bilal, Paulo and Gerrard to the Board during this exciting period of... Read More

Second Quarter 2021 Financial Highlights Revenue of $202.8 million Net loss of $17.0 thousand Adjusted EBITDA of $16.2 million ( 1) Adjusted Basic and Diluted Net Income per share of $0.07 (1) (1) A reconciliation of the GAAP to the most comparable Non-GAAP results is included below. Array Technologies, Inc. (Nasdaq: ARRY), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects,... Read More

Array Technologies, Inc. (Nasdaq: ARRY), one of the world’s largest manufacturers of utility-scale solar technology, today announced that it had entered into an agreement to sell up to $500 million of perpetual preferred stock to private equity funds managed by Blackstone Energy Partners (“Blackstone”). Under the terms of the agreement, Array will sell $350 million of perpetual preferred stock to Blackstone at the initial... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its second quarter 2021 results after the market close on Wednesday, August 11 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic... Read More

Array Technologies (NASDAQ: ARRY) ("Array" or the "Company"), one of the world's largest manufacturers of ground-mounted systems used in solar energy projects, today announced that Ken Stacherski has been named Senior Vice President of Operations. In this role, Stacherski will oversee Array's global integrated supply chain strategy including raw material procurement, supply agreements, and manufacturing operations.... Read More

Chief Marketing Officer Erica Brinker and Chief Legal Officer Tyson K. Hottinger Bring Track Record of Driving Growth for Technology Companies Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced two key additions to the executive team. Erica Brinker was appointed chief marketing officer (CMO), a newly created role that... Read More

First Quarter 2021 Financial Highlights Revenue of $245.9 million Net Income of $2.9 million Basic and Diluted Earnings per share of $0.02 Adjusted EBITDA of $34.5 million ( 1) Adjusted Basic and Diluted Net Income per share of $0.19 (1) (1) A reconciliation of the GAAP to the most comparable Non-GAAP results is included below. Array Technologies, Inc. (Nasdaq: ARRY), one of the world’s largest manufacturers of... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced the appointment of Jayanthi “Jay” Iyengar to the Company's Board of Directors (the “Board”), replacing Peter Jonna, effective on May 10, 2021. “We are extremely excited to welcome Jay to the Board. Jay brings a plethora of experience in industrial and manufacturing... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced that Nucor Corporation (“Nucor”) has entered into an agreement with the company to produce certain components of its solar tracking system, as well as support the co-development of future components for Array’s next generation of products. “As the largest recycler of... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced it has been awarded a contract for up to 4GW of trackers from Primoris Services Corporation (NASDAQ: PRIM), a leading provider of specialty contracting services. The contract includes a commitment to purchase 2.5GW of DuraTrack ® HZ v3 single-axis solar trackers that... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its first quarter 2021 results after the market close on Tuesday, May 11 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A telephonic replay... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced it has obtained ISO 9001:2015 certification from DQS Inc. as of January 22, 2021. “We are proud of our commitment to producing products of the highest quality,” said Stuart Bolland, Chief Operations Office at Array Technologies. “Customer satisfaction is at the center of... Read More

Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the closing of the previously announced secondary offering by a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”). The offering consisted of 35,475,457 shares of the Company’s common stock sold by the Selling Stockholder, which included 4,420,486 shares of the common stock following the exercise in full of the... Read More

Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced the pricing of a secondary offering by a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) of 31,054,971 shares of common stock of the Company at a price to the public of $28.00 per share. In addition, the Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 4,420,486 shares at... Read More

Array Technologies, Inc. (NASDAQ: ARRY) (the “Company”) today announced that a stockholder of the Company controlled by Oaktree Capital (the “Selling Stockholder”) has commenced an underwritten public offering of 31,054,971 shares of the Company’s common stock pursuant to a registration statement filed with the Securities and Exchange Commission. Additionally, the Selling Stockholder intends to grant the underwriters a... Read More

Fourth Quarter 2020 Financial Highlights Revenue of $180.6 million Net Loss of ($9.8) million Basic and Diluted Net Loss per share of ($0.08) Adjusted EBITDA of $20.0 million (1) Adjusted Basic and Diluted Net Income per share of $0.08 (1) Full Year 2020 Financial Highlights Revenue of $872.7 million Net Income of $59.1 million Basic and Diluted Net Income per share of $0.49 Adjusted EBITDA of $160.5 million (1) Adjusted... Read More

Array Technologies (NASDAQ: ARRY) (“Array”), one of the world’s largest manufacturers of ground-mounted systems used in solar energy projects, today announced the creation of the Array Tech Research Center, a site dedicated to researching, developing and field testing advanced solar tracker technology. Located in Phoenix, AZ, the Research Center will serve as a proving ground where customers can explore product prototypes... Read More

Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its fourth quarter and full-year 2020 results after the market close on Tuesday, March 9 th , 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877) 451-6152 (domestic) or (201) 389-0879 (international). A... Read More