Array Technologies, Inc. Stock Price, News & Analysis

ARRAY Technologies (NASDAQ: ARRY) has unveiled DuraTrack Hail XP™, an advanced solar tracker designed to protect solar installations in extreme weather conditions. The new system features a 77-degree stow capability and AC-powered control, integrating with ARRAY's Hail Alert Response system.

Key features include AC-Powered Stow-on-Demand eliminating battery dependency, bi-directional 77-degree stow positioning for hail impact mitigation, and integration with SmarTrack® Hail Alert Response and Passive Wind Stow technologies. The system also boasts enhanced durability with reinforced components. First shipments are expected in early 2026.

ARRAY Technologies (NASDAQ: ARRY) has enhanced its ARRAY STI H250™ dual-row tracker with expanded SmarTrack® software capabilities, adding backtracking and diffuse optimization features. The upgrade brings proven algorithm training and optimization tools to H250 installations globally.

The enhanced system uses algorithmic training and real-time sensor data to optimize solar energy output across diverse terrains. SmarTrack™ Backtracking leverages terrain analysis and production data to minimize shading and maximize energy generation, while SmarTrack™ Diffuse optimizes performance during overcast conditions by analyzing GHI sensor data and adjusting tracker angles.

The technology has been validated in Spain and Brazil and is available for both new and existing H250 projects. SmarTrack is currently optimizing over 5 GW of solar capacity worldwide.

Array Technologies (NASDAQ: ARRY) has appointed Brian Pitel as General Manager for Latin America, based in São Paulo, Brazil. Pitel brings over 25 years of experience in technology and renewable energy, with extensive knowledge of Brazilian and Latin American markets.

Prior to joining Array, Pitel served as senior advisor at Grupo GA230 since 2024 and held leadership positions at General Electric, where he managed Latin America operations. His career includes roles at United Technologies and UTC Otis Elevator.

In his new role, Pitel will oversee Array's operations in Brazil and Latin America, focusing on efficiency, compliance, and regional growth objectives. The appointment aligns with Array's strategy to expand its global footprint in providing tracker solutions for utility-scale solar energy projects.

Array Technologies (ARRY), a leading utility-scale solar tracking company, has scheduled its first quarter 2025 earnings release and conference call. The company will release Q1 2025 results before market opening on Tuesday, May 6, 2025, followed by a conference call at 8:00 a.m. Eastern Time.

Investors can access the call via phone using the numbers (877)-869-3847 (domestic) or (201)-689-8261 (international) with passcode 13752974, or through webcast on the company's Investor Relations website. A replay will be available for approximately three hours after the call until May 20, 2025, and the webcast recording will be accessible for 30 days.

ARRAY Technologies (NASDAQ: ARRY) has appointed Nick Strevel as Senior Vice President of Product Management and Technical Sales, effective April 14, 2025. Strevel, a veteran solar executive from First Solar, will lead ARRAY's global product strategy and establish a new technical sales function to enhance innovation and customer engagement.

In his previous role as Vice President of Product at First Solar, Strevel managed the global product roadmap and aligned technology development with market needs. His experience spans over 15 years in renewable energy and automotive electrification, including roles in the U.S. and Germany. At ARRAY, he will focus on developing cutting-edge solar tracking solutions and implementing solution-based selling practices globally.

ARRAY Technologies (NASDAQ: ARRY), a leading provider of utility-scale solar tracking solutions, has announced its participation in the 37th Annual ROTH Conference in Dana Point, CA on March 17, 2025.

The company's President and COO Neil Manning, along with CFO H. Keith Jennings, will be available for one-on-one meetings during the conference. A presentation containing key messages will be published on ARRAY's Investor Relations Page on the same day.

Array Technologies (ARRY) reported Q4 2024 financial results with revenue of $275.2 million and gross margin of 28.5%. The company posted a Q4 net loss of $(141.2) million, including non-cash charges of $74.0 million for goodwill impairment and $91.9 million for intangible asset write-down.

Full-year 2024 highlights include revenue of $915.8 million, gross margin of 32.5%, and free cash flow of $135.4 million. The company's orderbook reached $2.0 billion, showing 10% year-over-year growth. Their OmniTrack™ product now represents over 20% of the orderbook.

Looking ahead, Array provided 2025 guidance with revenue projected between $1.05-1.15 billion and Adjusted EBITDA of $180-200 million. The company expects to achieve 100% domestic content solar trackers by H1 2025, despite ongoing challenges including permitting delays and component shortages.