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 (Nasdaq: ARRY) announces the planned retirement of CEO Jim Fusaro, effective by December 31, 2022. Under his leadership, the company grew revenues from $300 million to nearly $1 billion in four years. Fusaro credits the team for navigating supply chain challenges and expanding market leadership. The Board of Directors is actively searching for his successor, with Fusaro committed to a smooth transition and continued focus on growth, margin improvement, and the integration of STI, a recent acquisition.
Array Technologies (Nasdaq: ARRY) reported Q3 2021 revenue of $192.1 million, a 38% increase year-over-year, alongside a net loss of $31.0 million. The company achieved record $1 billion in executed contracts and awarded orders. Despite facing challenges with raw materials and logistics, Array expects improved gross margins as new, higher-margin orders increase. The acquisition of STI Norland will aid in international expansion and enhance margins. However, gross profit fell 65% to $9.3 million, reflecting heightened costs.
Array Technologies (NASDAQ: ARRY) has signed a definitive agreement to acquire STI Norland, a top European solar tracker manufacturer, for approximately €570 million. The merger aims to establish Array as the global leader in solar trackers, enhancing its presence in key markets including Brazil. The combined entity anticipates generating over $200 million in Adjusted EBITDA in 2022. This acquisition is expected to bolster margins and earnings per share significantly, with synergies to be realized post-transaction. The deal is set to close in Q1 2022, pending regulatory approvals.
Array Technologies, Inc. (Nasdaq: ARRY) will announce its third quarter 2021 results on November 11, 2021, post-market. A conference call, accessible at 5:00 p.m. ET, will follow the earnings release. Interested parties can join by phone or listen to a live webcast via the Investor Relations section of the company's website. Additionally, a replay of the call will be available for a limited time after the event. Array is recognized for its advanced solar tracker technology, enhancing energy production and supporting global solar projects.
Array Technologies (NASDAQ: ARRY) announced a multi-year supply agreement with POSCO, a leading steelmaker, to enhance its global supply chain for solar projects. This partnership will grant Array access to POSCO's PosMAC® corrosion resistant steel, produced in collaboration with a local fabricator in South Korea. The arrangement aims to reduce logistics costs and improve service efficiency across the U.S., Australia, and emerging markets. Array's COO emphasized the strategic value of this collaboration, highlighting a commitment to quality and ESG values.
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.