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Array Technologies, Inc. - $ARRY STOCK NEWS

Welcome to our dedicated page for Array Technologies news (Ticker: $ARRY), a resource for investors and traders seeking the latest updates and insights on Array Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Array Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Array Technologies's position in the market.

Rhea-AI Summary

Array Technologies and DNV Energy USA released a report on the energy impact of solar tracker wind stow strategies. The study confirms that Array's patented, safe, passive wind stow technology significantly enhances energy production, reducing losses to just 0.05%. This improvement surpasses active stow methods, boosting operational efficiency and reliability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
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Rhea-AI Summary

Array Technologies, a global leader in solar tracking technology, broke ground on a new $50+ million manufacturing facility in Bernalillo County, New Mexico. The facility will create over 300 jobs, strengthen the domestic solar supply chain, and drive American energy independence. With the support of federal legislation like the Inflation Reduction Act, Array is expanding its operations to meet the growing demand for clean energy solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
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News
Rhea-AI Summary
EPC Power, a leading U.S. provider of high-performance utility-scale smart inverters for the solar and storage industries, appoints Jim Fusaro as CEO. Fusaro brings over 30 years of experience in the solar, semiconductor, and advanced materials industries. Founder Devin Dilley remains as President and Chief Product Officer. EPC Power aims to expand its international customer base and enter new markets under Fusaro's leadership.
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Rhea-AI Sentiment
End-of-Day
2.43%
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Rhea-AI Summary
Array Technologies, Inc. announced the release date for its first quarter 2024 earnings and a conference call schedule. The results will be disclosed on May 9th, 2024, with a conference call at 5:00 p.m. (Eastern Time) on the same day. Investors can access the call via phone or webcast.
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Rhea-AI Sentiment
End-of-Day
2.73%
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Rhea-AI Summary
Array Technologies introduces Hail Alert Response system to protect solar trackers from hail damage, enhancing asset longevity and durability. The system utilizes advanced weather prediction algorithms to preemptively stow solar trackers, ensuring protection against potential damage. Key features include state-of-the-art forecasting, wide applicability, compatibility with existing systems, and secure communication. Array's CEO, Kevin G. Hostetler, emphasizes the company's commitment to innovation and customer value.
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Rhea-AI Sentiment
End-of-Day
2.32%
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Rhea-AI Summary
Array Technologies (ARRY) reported strong financial results for the fourth quarter and full year 2023, with revenue reaching $1.6 billion and net income of $85.5 million. The company's Adjusted EBITDA doubled to $288.1 million, while free cash flow stood at $215 million. Array also executed contracts and awarded orders totaling $1.8 billion by the end of 2023. The company provided guidance for 2024, expecting revenue between $1.25 billion to $1.4 billion, with a focus on adjusted gross margin growth and continued EBITDA margin growth.
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Rhea-AI Sentiment
End-of-Day
3.37%
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Rhea-AI Summary
Array Technologies (ARRY) partners with Aluminum Products Company (ALUPCO®) to expand renewable energy projects in the Middle East. The strategic alliance aims to leverage Array's solar tracking technology and ALUPCO®'s production capabilities to boost the region's renewable energy market. The partnership signifies Array's commitment to global clean energy solutions and highlights the potential for growth in the Middle East's renewable energy sector.
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Rhea-AI Sentiment
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1.75%
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Rhea-AI Summary
Array Technologies, Inc. (Nasdaq: ARRY) will release its Q4 and full year 2023 results on February 27th, 2024, followed by a conference call. Interested parties can access the call via phone or webcast. The company's website will also host an online replay of the call.
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Rhea-AI Sentiment
End-of-Day
6.7%
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Array Technologies (NASDAQ: ARRY) has appointed Jessica Lawrence-Vaca as senior vice president, policy and external affairs. With over 20 years of solar and government affairs experience, she will drive brand awareness, shape policy, and expand Array's involvement with trade associations and industry partners worldwide. Lawrence-Vaca's track record of impactful advocacy and communication strategies will help navigate the evolving solar landscape and drive Array's mission forward.
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Rhea-AI Sentiment
End-of-Day
0.38%
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management
Rhea-AI Summary
Array Technologies (NASDAQ: ARRY) announced Q3 2023 revenue of $350.4 million, net income of $10.1 million, and adjusted EBITDA of $57.4 million. Despite a 32% revenue decrease, the company expects positive momentum heading into 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.62%
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Array Technologies, Inc.

Nasdaq:ARRY

ARRY Rankings

ARRY Stock Data

1.90B
133.74M
0.84%
124.6%
17.07%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States of America
ALBUQUERQUE

About ARRY

array technologies, inc. is the global leader in solar tracking, with 9+ gw operational capacity and nearly three decades of experience. we’re the solar industry’s partner-of-choice for robust, reliable, and innovative tracking solutions guaranteed to deliver the lowest cost of ownership. through a continuous focus on engineered simplicity, array’s tracker solutions optimize for efficient installation and high reliability. the company is headquartered in new mexico and ships tracking solutions to solar projects worldwide.