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ARRAY TECHNOLOGIES (NASDAQ: ARRY) STOCK QUOTE

Last Trade: US$11.09 0.08 0.73
Volume: 1,889,641
5-Day Change: -19.11%
YTD Change: -29.32%
Market Cap: US$1.670B

LATEST NEWS FROM ARRAY TECHNOLOGIES

June 22, 2022
Array Technologies Releases 2021 Environmental, Social and Governance Report
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
May 10, 2022
Array Technologies Reports Financial Results for the First Quarter 2022 – Delivers strong top-line growth, a robust backlog and continued margin progression in the legacy Array business
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
May 6, 2022
Array Technologies to Participate at Upcoming Investor Conferences
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
May 3, 2022
Array Technologies Announces First Quarter 2022 Earnings Release Date and Conference Call
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
April 25, 2022
Array Technologies Statement on U.S. Department of Commerce Antidumping and Countervailing Duties Inquiry
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
April 5, 2022
Array Technologies Reports Financial Results for the Fourth Quarter and Full Year 2021
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
April 5, 2022
Array Technologies Names Kevin Hostetler as Chief Executive Officer
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
April 4, 2022
Array Technologies to Supply Advanced Tracker Technology for the Largest Solar + Storage Project in the U.S.
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
March 29, 2022
Array Technologies Announces Fourth Quarter and Full Year 2021 Earnings Release Date and Conference Call
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
March 16, 2022
Array Technologies Provides Update on Form 10-K Filing
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
March 4, 2022
Array Technologies, Inc. Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K
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
January 11, 2022
Array Technologies Completes Acquisition of STI Norland
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
December 20, 2021
Array Technologies Announces Leadership Updates
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
November 30, 2021
Array Technologies, Inc. Announces Pricing of Upsized Convertible Senior Notes Offering
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
November 29, 2021
Array Technologies, Inc. Announces Proposed Private Offering of $325 Million of Convertible Senior Notes
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
November 22, 2021
Array Technologies Announces Planned CEO Retirement
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
November 11, 2021
Array Technologies to Acquire STI Norland
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
November 11, 2021
Array Technologies, Inc. Reports Financial Results for the Third Quarter 2021
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
October 28, 2021
Array Technologies, Inc. Announces Third Quarter 2021 Earnings Release Date and Conference Call
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
September 2, 2021
Array Technologies Diversifies Global Supply Chain with POSCO
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
August 16, 2021
Array Technologies Announces Additions to Board of Directors
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
August 11, 2021
Array Technologies, Inc. Reports Financial Results for the Second Quarter 2021
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
August 11, 2021
Array Technologies, Inc. Announces $500 Million Capital Commitment from Blackstone
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
July 28, 2021
Array Technologies, Inc. Announces Second Quarter 2021 Earnings Release Date and Conference Call
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
July 13, 2021
Array Technologies Appoints Supply Chain Veteran Ken Stacherski as Senior Vice President of Operations
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
June 24, 2021
Array Technologies Expands Executive Team
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
May 11, 2021
Array Technologies, Inc. Reports Financial Results for the First Quarter 2021
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
May 11, 2021
Array Technologies Announces Changes to Board of Directors
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
May 11, 2021
Array Technologies Signs Supply Agreement with Nucor Corporation
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
April 27, 2021
Array Technologies Secures Contract for up to 4GW of Trackers
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
April 20, 2021
Array Technologies, Inc. Announces First Quarter 2021 Earnings Release Date and Conference Call
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
April 13, 2021
Array Technologies Awarded ISO 9001:2015 Certification
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
March 23, 2021
Array Technologies, Inc. Announces Closing of Secondary Offering of 35,475,457 Shares
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
March 18, 2021
Array Technologies, Inc. Announces Pricing of Secondary Offering of 31,054,971 Shares
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
March 16, 2021
Array Technologies, Inc. Announces Launch of Secondary Offering of 31,054,971 Shares
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
March 9, 2021
Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2020
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
March 9, 2021
Array Technologies establishes “Array Tech Research Center” to accelerate tracker innovation and strengthen customer collaboration
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
February 19, 2021
Array Technologies, Inc. Announces Fourth Quarter & Full-Year 2020 Earnings Release Date and Conference Call
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

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