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Array Technologies Inc   (NASDAQ: ARRY)
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Price: $5.0200 $0.46 10.088%
Day's High: $5.06 Week Perf: 23.65 %
Day's Low: $ 4.45 30 Day Perf: -11.78 %
Volume (M): 5,509 52 Wk High: $ 14.85
Volume (M$): $ 27,656 52 Wk Avg: $7.87
Open: $4.51 52 Wk Low: $3.76



 Market Capitalization (Millions $) 762
 Shares Outstanding (Millions) 152
 Employees 5,000
 Revenues (TTM) (Millions $) 916
 Net Income (TTM) (Millions $) -240
 Cash Flow (TTM) (Millions $) 115
 Capital Exp. (TTM) (Millions $) 19

Array Technologies Inc
Array Technologies, Inc. is a leading global provider of solar tracking systems, offering reliable, innovative, and sustainable tracking solutions for utility-scale solar projects. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico. With over three decades of experience, Array Technologies has a proven track record of delivering high-quality products and services to its clients worldwide.

The company's flagship product is the DuraTrack HZ v3, a solar tracking system that maximizes energy production from photovoltaic (PV) modules. The DuraTrack HZ v3 can track the sun's movement from east to west throughout the day, enhancing the energy harvest by up to 20% compared to fixed-tilt systems. The product is designed with a patented self-powered independent row system, which allows for flexible installation configurations while reducing installation time and costs.

Array Technologies has an extensive portfolio of solar tracking systems, including the DuraTrack AZ v3, a single-axis tracker for lower-latitude regions, and the SmarTrack, an advanced dual axis tracking system that provides the highest energy results in the industry. The company's products are widely used in utility-scale solar projects, including large-scale installations in North America, Europe, Asia, South America, and Africa.

The company's commitment to innovation, quality, and sustainability has earned it a reputation as a leader in the solar industry. Array Technologies has received several industry awards, including recognition from the Solar Power World Top Solar Contractor List, the New Mexico Manufacturing Association, and the New Mexico Business Weekly "Top 100" list.

Array Technologies is also a responsible corporate citizen, committed to environmental stewardship and social responsibility. The company's operations are guided by a strong commitment to sustainability, and it provides its customers with clean, renewable energy solutions. Additionally, Array Technologies is involved in several community initiatives, including charitable giving, volunteerism, and environmental conservation efforts.

Overall, Array Technologies is a leading provider of solar tracking systems, offering reliable, innovative, and sustainable solutions for utility-scale solar projects worldwide. With a commitment to quality, innovation, and sustainability, the company is well-positioned to continue its growth and leadership in the solar energy industry.


   Company Address: 3901 Midway Place NE Albuquerque 87109 NM
   Company Phone Number: 881-7567   Stock Exchange / Ticker: NASDAQ ARRY


   

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Partnership

Array Technologies Invests in Automation Amidst Profit Decline in Competitive Landscape

Published Mon, Nov 18 2024 9:02 PM UTC

In a bold move to enhance its position in the renewable energy sector, Array Technologies Inc. has announced a significant $3 million investment in Swap Robotics. This partnership aims to drive automation in photovoltaic (PV) installation, a crucial area of growth in the solar energy market. The investment, which underscores Array s commitment to innovation and efficiency, c...

Array Technologies Inc

Array Technologies Inc Set to Make a Major Impact in First Quarter of 2024

Array Technologies Inc., a leading renewable energy company, recently announced its financial results for the interval closing March 31, 2024. The company experienced a slip into a shortfall of $-0.07 per share, compared to $0.09 per share the previous year. Additionally, the EPS fell from $0.06 per share from the previous financial reporting period. These numbers indicate a decrease in profitability for Array Technologies Inc.
One of the main factors contributing to this decline in profitability is the sharp fall in revenue. The revenue plummeted by -59.368% to $153.09 million from $376.77 million in the same financial reporting period a year before. Sequentially, the revenue tumbled by -55.284% from $342.36 million. This significant decrease in revenue highlights challenges faced by Array Technologies Inc. in generating sales and maintaining its market position.

Partnership

Array Technologies Inc. Embarks on Revolutionary Solar Venture with U.S. Energy Secretary and New Mexico Senators, Strengthening Market Dominance

Published Fri, Apr 26 2024 12:45 PM UTC

Array Technologies Inc. Breaks Ground on New Solar Manufacturing Facility with U.S. Energy Secretary Granholm and New Mexico Senators, Strengthening Market Share In a momentous event, Array Technologies Inc. led the groundbreaking ceremony for its new solar manufacturing facility, with the honorable presence of U.S. Energy Secretary Granholm and New Mexico Senators. This vis...

Array Technologies Inc

Array Technologies Inc. Battles Through Difficult Times to Achieve Positive Profitability in Fourth Quarter of 2023

The stock market landscape can be unpredictable and daunting at times. Investors are constantly looking for signs of growth and profitability to guide their decision-making. In this regard, Array Technologies Inc., a leading provider of solar tracking systems, has some exciting news to share.
For the financial interval closing December 31, 2023, Array Technologies Inc. has reported a positive profitability of $0.06 per share, a significant improvement from the negative $0.12 per share reported a year ago. Although there has been a slight decrease of -8.8% in EPS from the previous reporting period, it is important to note the positive trajectory and overall improvement in the company's financial performance.

Partnership

Array Technologies and ALUPCO Join Forces to Power the Renewable Energy Boom in the Middle East

Published Thu, Feb 22 2024 11:18 PM UTC

Array Technologies, a leading provider of solar tracking systems, has announced a strategic partnership with ALUPCO, a pioneering company in the aluminum industry. This partnership aims to further support the growing renewable energy market in the Middle East. Both companies are committed to driving the adoption of clean energy solutions and reducing carbon emissions in the ...







Array Technologies Inc's Segments
Transferred over Time    75.28 % of total Revenue
Transferred at Point in Time    24.76 % of total Revenue
Legacy Operations    69.28 % of total Revenue
STI Operations    30.75 % of total Revenue





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