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. (ARRY) operates as a global leader in utility-scale solar tracking systems, making its news particularly relevant for investors tracking renewable energy infrastructure and clean technology markets. The company's announcements typically encompass quarterly financial results, major project contract awards, product development updates, and strategic acquisitions within the solar equipment manufacturing sector.
Tracking Array Technologies news provides insight into utility-scale solar market dynamics, as the company's order flow and financial performance reflect broader trends in renewable energy project development. Key news categories include earnings reports detailing revenue from tracker shipments, announcements of technological enhancements to tracking systems, expansions into new geographic markets, and strategic moves such as acquisitions that expand manufacturing capabilities or market reach.
The company's news flow also reflects critical developments in solar industry economics, including domestic content requirements for U.S. projects, compatibility announcements with evolving photovoltaic technologies, and product launches addressing specific challenges like hail resistance or terrain adaptability. These announcements provide context for understanding how solar tracking manufacturers respond to changing project economics and regulatory environments.
For investors analyzing the renewable energy equipment sector, Array Technologies news offers data points on utility-scale solar deployment trends, competitive positioning among tracking system manufacturers, and the financial performance of companies serving the clean energy infrastructure buildout. Following this news stream helps investors understand both company-specific developments and broader solar industry dynamics affecting equipment suppliers.
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.
Array Technologies (ARRY) has announced it will release its fourth quarter and full year 2024 financial results after market close on Thursday, February 27, 2025. The company will host a conference call at 5:00 p.m. Eastern Time on the same day.
Investors can access the call by dialing (877)-869-3847 for domestic calls or (201)-689-8261 for international calls. A replay will be available until March 13, 2025, by dialing (877)-660-6853 (domestic) or (201)-612-7415 (international) with passcode 13750627. Additionally, a simultaneous webcast will be available on Array's Investor Relations website.
ARRAY Technologies (NASDAQ: ARRY) has appointed Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning brings over 25 years of legal and compliance experience and will report to CEO Kevin G. Hostetler from Chandler, Arizona.
Gunning previously served as Chief Legal Officer at GrafTech International , and held senior legal positions at FirstEnergy Corp. and Cliffs Natural Resources Inc. She was also a capital markets partner at Jones Day. Her expertise includes corporate law, governance, compliance, risk management, complex transactions, and regulatory navigation.
In her new role, Gunning will lead ARRAY's legal, compliance, and risk management teams, focusing on corporate governance, contracts, intellectual property, and ESG initiatives. She holds a Juris Doctor from Notre Dame Law School.
ARRAY Technologies (NASDAQ: ARRY) has appointed Darin Green as its new Chief Revenue Officer for North America, effective January 6, 2025. Green, who will report to CEO Kevin G. Hostetler, brings over three decades of experience in renewables and energy sectors.
In his new role, Green will oversee ARRAY's North American revenue-generating activities, including sales, business development, and strategic partnerships. He joins ARRAY from First Solar, where he spent 14 years in various senior leadership positions, most recently as head of global allocation and strategy.
At First Solar, Green led global supply-demand balancing strategies and was instrumental in launching their distributed generation business. He holds an MBA from Columbia Business School and a BBA in Finance from the University of Michigan.
ARRAY Technologies (NASDAQ: ARRY) and RP Construction Services (RP) have reached a significant milestone, deploying over 6GW of solar projects in North America through their partnership. The collaboration, which began in 2009, focuses on serving leading solar developers and contractors across various portfolios.
As ARRAY's value-added distributor, RP provides comprehensive support including design solutions, inventory management, kitting and pre-assembly, logistics services, and post-installation service and commissioning. The partnership aims to boost local economies while providing clean energy solutions, with RP currently supporting ARRAY tracker deployments nationwide for major solar companies.
ARRAY Technologies (NASDAQ: ARRY) has appointed H. Keith Jennings as its new Chief Financial Officer, effective January 6, 2025. Jennings brings over 30 years of experience in corporate finance, risk management, and strategic growth initiatives. He will report to CEO Kevin G. Hostetler and oversee ARRAY's financial strategy and operations. Previously, Jennings served as EVP and CFO at Weatherford International from 2020 to 2022, where he led Finance, IT, and Corporate Strategy functions. He currently serves as a non-executive director and audit chair for Noble and 5E Advanced Materials.
ARRAY Technologies (NASDAQ: ARRY) has announced a strategic $3 million investment in Swap Robotics, a utility-scale solar robotics company. The investment includes potential additional investments of $1 million each based on milestone achievements. This partnership aims to advance automation in PV installation technology, promising enhanced project efficiency and cost savings for developers and EPC companies. Swap Robotics brings significant experience with over 8,000 miles of autonomous outdoor navigation in the last 18 months. The collaboration focuses on developing automation-optimized designs and robotic installation solutions, positioning ARRAY at the forefront of solar industry automation.
ARRAY Technologies (NASDAQ: ARRY) has appointed two industry veterans to strengthen its EMEA leadership team. Leonardo Serpa joins as general manager EMEA from his previous role as CEO at Essentia Energia, bringing experience in negotiations with global solar and wind equipment suppliers. Héctor Sánchez, formerly vice president of sales at Soltec Trackers, takes on the newly created position of vice president of sales EMEA. Both executives will focus on expanding ARRAY's presence and enhancing client relationships across the EMEA region.
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