Array Technologies, Inc. Stock Price, News & Analysis

ARRAY Technologies (NASDAQ: ARRY), a leading solar tracking technology provider, has received verification from Intertek confirming that its DuraTrack® and OmniTrack™ systems are compatible with 2000-volt (2kV) module-wired systems.

The verification, conducted under UL 3703 and UL 2703 standards, demonstrates ARRAY's readiness to support the industry's transition to higher-voltage architectures. The upgrade from 1,500V to 2,000V systems enables improved electrical efficiency, lower material costs, and enhanced system performance. ARRAY's long-row system architecture, available on both tracking systems, further optimizes system design while reducing the Levelized Cost of Energy (LCoE).

ARRAY Technologies (NASDAQ: ARRY), a leading global solar tracking technology provider, has completed the acquisition of APA Solar, a premier solar racking and structural solutions company. The strategic acquisition aims to strengthen ARRAY's position in renewable energy infrastructure by combining APA's tracker-compatible engineered foundation systems and fixed-tilt racking systems with ARRAY's existing portfolio.

APA will continue operating as a strategic business unit within ARRAY Technologies. The acquisition is expected to be accretive to ARRAY's earnings, with significant commercial synergy opportunities. The company plans to update its full-year guidance during the third quarter earnings call to reflect APA's impact.

Array Technologies (NASDAQ: ARRY), a leading global provider of solar tracking technology, has announced its participation in three upcoming investor events. The company will attend Citi's 2025 Natural Resources Conference on August 14 in Las Vegas, where CFO H. Keith Jennings will host investor meetings. Additionally, CEO Kevin Hostetler and CFO Jennings will participate in the Barclays 39th Annual Energy-Power Conference on September 2 in New York. The company will also showcase its products at the RE+ Conference in Las Vegas from September 8-11 at booth #V9233.

Array Technologies (NASDAQ: ARRY), a leading solar tracking technology provider, reported strong Q2 2025 financial results with revenue of $362.2 million and net income of $28.5 million. The company achieved a gross margin of 26.8% and adjusted EBITDA of $63.6 million.

Key developments include a definitive agreement to acquire APA Solar, issuance of $345 million in convertible notes, and full repayment of term loan. Array's total executed contracts and awarded orders reached over $1.8 billion, with year-to-date volume growth up 84% compared to 2024.

The company has raised its 2025 guidance, projecting revenue between $1.180-1.215 billion, adjusted EBITDA of $185-200 million, and adjusted net income per share of $0.63-0.70.

ARRAY Technologies (NASDAQ: ARRY), a leading solar tracking technology provider, has announced it will supply 100% domestic content trackers for a 200 megawatt (MWac) solar project in Indiana. The Emerald Green Solar project, developed by ENGIE North America, will utilize ARRAY's OmniTrack™ trackers that meet domestic content requirements under U.S. Treasury guidelines.

The project qualifies for the maximum 28.7% Assigned Cost Percentage (ACP), including a 9.4% production ACP for using domestically manufactured components. Located near Indianapolis, the project will employ over 250 construction workers and feature locally rolled steel and torque tubes. Tracker deliveries are scheduled to begin in Q3 2025.

Array Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracking solutions, has scheduled its second quarter 2025 earnings release for Thursday, August 7, 2025, after market close.

The company will host a conference call at 5:00 p.m. Eastern Time on the same day. Investors can access the call via phone using (866)-682-6100 (domestic) or (862)-298-0702 (international), or through a webcast on Array's investor relations website. A replay will be available for approximately two weeks by phone and for 30 days online.

Array Technologies (NASDAQ: ARRY) has successfully closed its upsized offering of $345 million in 2.875% convertible senior notes due July 2031. The net proceeds of approximately $334.1 million will be strategically deployed to strengthen the company's capital structure through multiple initiatives.

The company plans to use the proceeds to: 1) fully repay $232.8 million of term loan debt, 2) fund $35.1 million in capped call transactions, and 3) repurchase $100 million of 1.00% Convertible Senior Notes due 2028 for $78.3 million. The capped calls have an initial strike price of $8.12 per share and a cap of $12.74 per share.

These transactions are expected to generate approximately $9 million in annual net interest expense savings and enhance free cash flow generation.

Array Technologies (NASDAQ: ARRY) has priced an upsized offering of $300 million in 2.875% convertible senior notes due 2031, with an additional $45 million option for initial purchasers. The notes will convert at 123.1262 shares per $1,000 principal amount (initial conversion price of $8.12 per share).

The company expects net proceeds of $290.4 million (or $334.1 million if additional option exercised), which will be used to: repay $150 million of term loan debt, fund $30.5 million in capped call transactions, and repurchase $100 million of existing 1.00% Convertible Notes due 2028. The offering is expected to close on June 27, 2025.

Array Technologies (NASDAQ: ARRY) has announced plans to offer $250 million in convertible senior notes due 2031 through a private placement to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $37.5 million in notes.

The proceeds will be used to repay $150 million of term loan facility, fund capped call transactions, and for general corporate purposes. Array plans to enter into capped call transactions to reduce potential dilution and offset cash payments upon conversion. The notes will be senior, unsecured obligations with semiannual interest payments, with conversions settled through a combination of cash and common stock.