ARRY Stock Recent News

THORNTON, Colo., May 27, 2025 (GLOBE NEWSWIRE) -- Ascent Solar Technologies (“Ascent” or the “Company”) (Nasdaq: ASTI), the leading U.S. innovator in the design and manufacturing of featherweight, flexible thin-film photovoltaic (PV) solutions, today announced the signing of a Master Services Agreement with NOVI Space, Inc. (“NOVI”), a Virginia-based space company that develops and operates AI-powered satellites with their TRL-9 edge computing technology.

Solar stocks are plunging as the House Republican tax bill terminates key clean energy credits. The legislation is "disastrous" for the rooftop solar industry, according to Guggenheim.

ALBUQUERQUE, N.M., May 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today unveiled DuraTrack Hail XP™, the Company's most advanced tracker designed to withstand extreme hail and wind events.

Array Technologies, Inc., founded in 1989, is a leading solar tracking company, primarily serving utility-scale installations, with significant revenue from the US and growing international presence. Recent earnings showed a 97% YoY revenue increase to $302.4 million, beating analyst estimates, but gross margins fell due to low-margin commitments. Management maintained 2025 guidance with revenue of $1.05-1.15 billion and adjusted EPS of 60-70 cents, expecting improved margins in upcoming quarters.

Array Technologies, Inc. (NASDAQ:ARRY ) Q1 2025 Earnings Conference Call May 6, 2025 8:00 AM ET Company Participants Kevin Hostetler - CEO Keith Jennings - CFO Neil Manning - President & COO Julia Ward - IR Conference Call Participants Mark Strouse - J.P. Morgan Colin Rusch - Oppenheimer & Company David Benjamin - Mizuho Securities Phillip Shen - ROTH MKM Luke Anneser - Piper Sandler Brian Lee - Goldman Sachs Operator Greetings.

After previous market share deterioration, Array Technologies, Inc.'s Q1 showed progress in stabilization. Sales surged past Wall Street's expectations, carrying onto earnings as well. The short-term outlook is uncertain due to tariffs and potential tax benefit changes, but long-term growth in solar power still creates an attractive tailwind for Array. The still low stock price makes ARRY stock attractive. While very risky, I estimate 42% upside to a fair value of $8.1 in a base scenario.

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago.

Strong operational execution drives first-quarter results above revenue and earnings guidance Strong operational execution drives first-quarter results above revenue and earnings guidance

ALBUQUERQUE, N.M., May 05, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology products, software and services, today announced the expansion of its SmarTrack® software to include backtracking and diffuse optimization capabilities for its ARRAY STI H250™ dual-row tracker.

In the latest trading session, Array Technologies, Inc. (ARRY) closed at $5.29, marking no change from the previous day.