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. develops and supplies solar tracking technology, fixed-tilt systems, foundation solutions, software platforms and field services for utility-scale and distributed generation solar PV projects. Its products include single-axis tracker systems that use steel supports, motors, gearboxes and electronic controls to orient panels toward the sun.
Recurring news about ARRY covers quarterly results, order activity, international project demand, product introductions such as DuraTrack® and DuraTrack D2S™, APA Solar foundation and racking initiatives, manufacturing and supply-chain updates, management participation in investor conferences, and board or technology leadership changes.
Array Technologies has announced the pricing of its upsized initial public offering (IPO) of 47,500,000 shares at $22.00 per share. The offering includes 7,000,000 shares sold by the Company and 40,500,000 shares from a parent entity controlled by Oaktree Capital. The underwriters have a 30-day option to purchase an additional 7,125,000 shares. The shares will start trading on the Nasdaq under the symbol ARRY on October 15, 2020, with the offering closing on October 19, 2020.