ARRY Stock Recent News

ALBUQUERQUE, N.M., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the “Company” or “ARRAY”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2024 results after the market close on Thursday, November 7th, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short-term challenges, with the US solar capacity expected to grow significantly, with 737GW of new capacity expected to come on board through 2035. ARRY offers a more compelling FCF yield than close peer NXT, whilst its superior medium-term earnings growth trajectory makes its P/E multiple look very attractive.

ALBUQUERQUE, N.M., Sept. 10, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, today announced the launch of a groundbreaking reusable packaging solution designed to replace traditional cardboard boxes with durable, reusable plastic casing.

ALBUQUERQUE, N.M., Sept. 09, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, is proud to announce the development of 77-degree stow capabilities for its tracker systems, the steepest stow angle for protective hail stow on the planet.

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Array Technologies, Inc. (NASDAQ:ARRY ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Sarah Sheppard - Investor Relations Kevin Hostetler - Chief Executive Officer Neil Manning - President and Chief Operating Officer Kurt Wood - Chief Financial Officer Conference Call Participants Matthew Strauss - JPMorgan Christine Cho - Barclays Jordan Levy - Triust Securities Tyler Bisset - Goldman Sachs Philip Shen - ROTH Capital Partners Jon Windham - UBS Kashy Harrison - Piper Sandler Joseph Osha - Guggenheim partners Andre Adams - Oppenheimer Vikram Bagri - Citi Michael Blum - Wells Fargo Dylan Nassano - Wolfe Research Maheep Mandloi - Mizuho Donovan Schafer - Northland Capital Marketsf Moses Sutton - BNP Paribas Operator Greetings and welcome to Array Technologies' Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only.

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.47 per share a year ago.

Second Quarter 2024 Highlights Revenue of $255.8 million Gross Margin of 33.6% Adjusted gross margin of 35.0%( 1) Net income to common shareholders of $12.0 million Adjusted EBITDA( 1) of $55.4 million Basic and diluted net income per share of $0.08 Adjusted diluted net income per share( 1) of $0.20 ALBUQUERQUE, N.M., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced financial results for its second quarter ended June 30, 2024.

Array Technologies (NASDAQ: ARRY), a global leader in utility-scale solar tracking solutions, has launched SkyLink, a revolutionary wireless tracker system. New features include an eight linked-row architecture with passive wind mitigation, PV string-powered brushless DC motors, Zigbee wireless communication, and a suite of SmarTrack features.

ALBUQUERQUE, N.M., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a global leader in utility-scale solar tracking solutions, announced the launch of SkyLink, a revolutionary PV-powered wireless tracker system that builds on the capabilities of DuraTrack® and OmniTrack™️ offerings.