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Array Technologies Inc - ARRY STOCK NEWS

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

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.

News
Array Technologies, Inc. Announces First Quarter 2024 Earnings Release Date and Conference Call
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
Array Technologies Launches Hail Alert Response
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
Tags
none
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News
Array Technologies, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2023; Full year 2023 net income of $86 million; Record full year Adjusted EBITDA of $288 million
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
earnings
News
Array Technologies and Alupco® Announce Strategic Partnership to Fuel Growing Renewable Energy Market in the Middle East
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
partnership
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News
Array Technologies, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.7%
Tags
earnings
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News
Array Technologies Appoints Solar Industry Veteran Jessica Lawrence-Vaca as Senior Vice President, Policy and External Affairs
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
management
News
Array Technologies, Inc. Reports Financial Results for the Third Quarter 2023 – Continues strong operational execution; announced Chief Financial Officer transition
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%
Tags
earnings
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News
Array Technologies Introduces Integrated Field Services and Customer Training Offerings to US Customers
Rhea-AI Summary
Array Technologies, a global leader in utility-scale solar tracking solutions, has launched its comprehensive Field Services and Customer Training solutions. These offerings aim to reduce operational downtime, increase productivity, and improve quality in the solar industry. The services and training are currently available in the U.S. and will expand to international markets in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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none
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News
Gov. Lujan Grisham and Array Technologies Announce N.M. Expansion
Rhea-AI Summary
Array Technologies, a global solar company, has announced plans for a $50 million manufacturing campus in Bernalillo County, New Mexico. The expansion will solidify the company's future in the state and secure hundreds of jobs for New Mexicans. Construction is expected to begin in early 2024, and the new campus will allow Array to hire nearly 100 new employees. The expansion is projected to have an economic impact of over $300 million over 10 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.31%
Tags
none
News
Array Technologies, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call
Rhea-AI Summary
Array Technologies to release Q3 2023 results on November 7th
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.55%
Tags
earnings
Stock ARRY logo
Array Technologies Inc

Nasdaq:ARRY

ARRY Rankings

#1999 Ranked by Market Cap
#2363 Ranked by Stock Gains
N/A Ranked by Dividends

ARRY Stock Data

1.73B
133.74M
0.84%
124.6%
17.07%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
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.