Array Technologies, Inc. - ARRY STOCK NEWS

Array Technologies (ARRY), a leading utility-scale solar tracking company, has scheduled its first quarter 2025 earnings release and conference call. The company will release Q1 2025 results before market opening on Tuesday, May 6, 2025, followed by a conference call at 8:00 a.m. Eastern Time.

Investors can access the call via phone using the numbers (877)-869-3847 (domestic) or (201)-689-8261 (international) with passcode 13752974, or through webcast on the company's Investor Relations website. A replay will be available for approximately three hours after the call until May 20, 2025, and the webcast recording will be accessible for 30 days.

ARRAY Technologies (NASDAQ: ARRY) has appointed Nick Strevel as Senior Vice President of Product Management and Technical Sales, effective April 14, 2025. Strevel, a veteran solar executive from First Solar, will lead ARRAY's global product strategy and establish a new technical sales function to enhance innovation and customer engagement.

In his previous role as Vice President of Product at First Solar, Strevel managed the global product roadmap and aligned technology development with market needs. His experience spans over 15 years in renewable energy and automotive electrification, including roles in the U.S. and Germany. At ARRAY, he will focus on developing cutting-edge solar tracking solutions and implementing solution-based selling practices globally.

ARRAY Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracking solutions, has announced its participation in the 37th Annual ROTH Conference in Dana Point, CA on March 17, 2025.

The company's President and COO Neil Manning, along with CFO H. Keith Jennings, will be available for one-on-one meetings during the conference. A presentation containing key messages will be published on ARRAY's Investor Relations Page on the same day.

Array Technologies (ARRY) reported Q4 2024 financial results with revenue of $275.2 million and gross margin of 28.5%. The company posted a Q4 net loss of $(141.2) million, including non-cash charges of $74.0 million for goodwill impairment and $91.9 million for intangible asset write-down.

Full-year 2024 highlights include revenue of $915.8 million, gross margin of 32.5%, and free cash flow of $135.4 million. The company's orderbook reached $2.0 billion, showing 10% year-over-year growth. Their OmniTrack™ product now represents over 20% of the orderbook.

Looking ahead, Array provided 2025 guidance with revenue projected between $1.05-1.15 billion and Adjusted EBITDA of $180-200 million. The company expects to achieve 100% domestic content solar trackers by H1 2025, despite ongoing challenges including permitting delays and component shortages.

Array Technologies (ARRY) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, February 27, 2025. The company will host a conference call at 5:00 p.m. Eastern Time on the same day.

Investors can access the call by dialing (877)-869-3847 for domestic calls or (201)-689-8261 for international calls. A replay will be available until March 13, 2025, by dialing (877)-660-6853 (domestic) or (201)-612-7415 (international) with passcode 13750627. Additionally, a simultaneous webcast will be available on Array's Investor Relations website.

ARRAY Technologies (NASDAQ: ARRY) has appointed Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning brings over 25 years of legal and compliance experience and will report to CEO Kevin G. Hostetler from Chandler, Arizona.

Gunning previously served as Chief Legal Officer at GrafTech International , and held senior legal positions at FirstEnergy Corp. and Cliffs Natural Resources Inc. She was also a capital markets partner at Jones Day. Her expertise includes corporate law, governance, compliance, risk management, complex transactions, and regulatory navigation.

In her new role, Gunning will lead ARRAY's legal, compliance, and risk management teams, focusing on corporate governance, contracts, intellectual property, and ESG initiatives. She holds a Juris Doctor from Notre Dame Law School.

ARRAY Technologies (NASDAQ: ARRY) has appointed Darin Green as its new Chief Revenue Officer for North America, effective January 6, 2025. Green, who will report to CEO Kevin G. Hostetler, brings over three decades of experience in renewables and energy sectors.

In his new role, Green will oversee ARRAY's North American revenue-generating activities, including sales, business development, and strategic partnerships. He joins ARRAY from First Solar, where he spent 14 years in various senior leadership positions, most recently as head of global allocation and strategy.

At First Solar, Green led global supply-demand balancing strategies and was instrumental in launching their distributed generation business. He holds an MBA from Columbia Business School and a BBA in Finance from the University of Michigan.

ARRAY Technologies (NASDAQ: ARRY) and RP Construction Services (RP) have reached a significant milestone, deploying over 6GW of solar projects in North America through their partnership. The collaboration, which began in 2009, focuses on serving leading solar developers and contractors across various portfolios.

As ARRAY's value-added distributor, RP provides comprehensive support including design solutions, inventory management, kitting and pre-assembly, logistics services, and post-installation service and commissioning. The partnership aims to boost local economies while providing clean energy solutions, with RP currently supporting ARRAY tracker deployments nationwide for major solar companies.

ARRAY Technologies (NASDAQ: ARRY) has appointed H. Keith Jennings as its new Chief Financial Officer, effective January 6, 2025. Jennings brings over 30 years of experience in corporate finance, risk management, and strategic growth initiatives. He will report to CEO Kevin G. Hostetler and oversee ARRAY's financial strategy and operations. Previously, Jennings served as EVP and CFO at Weatherford International from 2020 to 2022, where he led Finance, IT, and Corporate Strategy functions. He currently serves as a non-executive director and audit chair for Noble and 5E Advanced Materials.