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.
Array Technologies, Inc. (NASDAQ: ARRY) is frequently featured in news coverage as a global provider of solar tracking technology, fixed-tilt systems, software platforms, foundation solutions and field services for utility-scale and distributed generation solar PV projects. Company press releases highlight developments that span financial performance, capital markets activity, acquisitions, product capabilities and major customer projects.
Investors following ARRY news can expect regular updates on quarterly and annual financial results, often furnished via Form 8-K along with investor presentations and conference call details. These earnings releases discuss revenue trends, bookings, order backlog and guidance, as well as commentary from management on demand for solar energy projects and Array’s commercial execution.
Corporate strategy and transaction news is another key theme. In August 2025, Array announced the completion of its acquisition of APA Solar, a solar racking and structural solutions provider, and filed a related Form 8-K describing the purchase agreement, consideration structure and earnout terms. Earlier in June 2025, the company issued press releases and SEC filings about its offering and completion of a private placement of convertible senior notes due 2031, including details of the notes’ terms and associated capped call transactions.
Product and technology updates also feature prominently in Array’s news flow. A September 2025 release reported that the company’s DuraTrack and OmniTrack systems were verified by Intertek to be compatible with 2,000-volt module-wired systems under UL 3703 and UL 2703 standards. Another August 2025 release described Array’s first full-site deployment of a 100% domestic content tracker solution for a 200 megawatt solar project in Indiana, emphasizing domestic manufacturing and eligibility for tax credit incentives.
In addition, Array issues announcements about participation in investor conferences, earnings release dates and leadership appointments. Together, these news items provide ongoing insight into ARRY’s operations, strategic priorities, financing activities and role in solar energy infrastructure.
Array Technologies announces the addition of Bilal Khan of Blackstone, Paulo Almirante, and Gerrard Schmid to its Board of Directors, following a $500 million capital commitment from Blackstone.
Khan, a senior managing director at Blackstone, aims to leverage this funding to accelerate growth and enhance shareholder value. Almirante brings 25 years of renewable energy experience, while Schmid has 20 years in banking and technology. The new appointments replace past members Jason Lee and Frank Cannova, reflecting Array's strategic focus on expanding its clean energy capabilities.
Array Technologies reported a robust Q2 2021 with revenues reaching $202.8 million, a 76% increase year-over-year, despite facing a challenging supply chain. Adjusted EBITDA rose by 23% to $16.2 million. However, the company experienced a net loss of $17,000 compared to a net income of $2.4 million in Q2 2020. Gross margin fell to 13.2% due to rising input costs. Executed contracts soared to a record $882 million.
The company anticipates full-year 2021 revenues between $850 million and $940 million.
Array Technologies (Nasdaq: ARRY) announced an agreement to sell up to $500 million of perpetual preferred stock to Blackstone Energy Partners. The initial sale involves $350 million with an optional additional $150 million before June 30, 2023. The preferred stock will yield annual cash dividends of 5.75%, while Blackstone will acquire approximately 5.8% of Array's common stock. Proceeds will be used to repay debt and fund growth. This partnership underscores Array’s strong market position and potential for future consolidation in the solar industry.
Array Technologies (NASDAQ: ARRY) announced its second quarter 2021 results will be released after market hours on August 11, 2021, followed by a conference call at 5:00 p.m. ET. Interested parties can join the call by dialing (877) 451-6152 for domestic or (201) 389-0879 for international access. A replay will be available after the call. Array Technologies, a leading global provider of solar tracker solutions, emphasizes efficient installation and lower energy costs, showcasing its commitment to innovation and customer service.
Array Technologies (NASDAQ: ARRY) has appointed Ken Stacherski as Senior Vice President of Operations, bringing over 30 years of supply chain expertise. Stacherski, previously with Honeywell's aerospace division, will oversee Array's global supply chain strategy and manufacturing operations. His extensive experience is expected to strengthen existing supplier relationships and enhance operations for growth. Array's leadership believes this strategic addition will reinforce its position as a leader in the solar industry through improved product delivery and operational efficiency.
Array Technologies (NASDAQ: ARRY) has appointed Erica Brinker as Chief Marketing Officer and Tyson K. Hottinger as Chief Legal Officer. Brinker, with over 20 years of marketing experience from Honeywell, focuses on driving growth and enhancing ESG initiatives. Hottinger, previously with Maschoff Brennan, brings expertise in legal and compliance matters. CEO Jim Fusaro emphasized the importance of building a strong leadership team to seize opportunities in the booming solar market. Both executives aim to position Array as a leader in renewable energy solutions.
Array Technologies reported a revenue of $245.9 million for Q1 2021, representing a 44% decline from $437.7 million in Q1 2020 due to a decrease in ITC safe harbor shipments. Net income dropped to $2.9 million from $73.7 million, with earnings per share falling to $0.02. Adjusted EBITDA decreased by 69% to $34.5 million. Although demand for products is at an all-time high, increased logistics and raw material costs from steel and freight are expected to impact margins. The company is taking measures to mitigate these costs.
Array Technologies (NASDAQ: ARRY) has partnered with Nucor Corporation to secure steel supplies for solar energy projects. This agreement involves Nucor producing key components for Array's solar tracking systems and collaborating on future innovations. Nucor, a leading recycler of steel in the U.S., processes around 20 million tons of scrap annually. This partnership aligns with Array's mission to reduce installation time and costs using sustainably sourced materials. Both companies emphasize their commitment to a clean energy future.
Array Technologies (NASDAQ: ARRY) announced the appointment of Jayanthi “Jay” Iyengar to its Board of Directors, effective May 10, 2021, replacing Peter Jonna. Jay brings over 30 years of technology experience from industries including automotive and aerospace, having previously served as Chief Technology Officer at CNH Industrial. The leadership change is seen as a strategic move to enhance product innovation as Array continues to pursue its growth strategy in the solar energy sector. The Board expressed gratitude for Jonna's contributions over the past five years.
Array Technologies (NASDAQ: ARRY) has secured a significant contract with Primoris Services Corporation for up to 4GW of solar trackers, including a firm order for 2.5GW of DuraTrack® HZ v3 trackers. This agreement expands on previous purchases and highlights Array's competitive edge in installation efficiency. Shipments are expected to begin in June 2021, contributing to solar energy advancements in North America. Array's commitment to innovation is positioned to reduce labor costs and enhance project delivery for EPC customers.
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