ARRY Stock Recent News

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Array Technologies announced mixed third-quarter results, beating on earnings but missing on revenue relative to Wall Street's expectations. Management blamed "near-term secular challenges," for weak shipment volume, but insists the company is executing well.

ARRY stock is down nearly 20% after the company published earnings Tuesday night. Other solar stocks are falling in sympathy.

Shares of the solar tracking solutions company are on pace for their worst day in more than two years.

Array Technologies, Inc. (NASDAQ:ARRY ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Cody Mueller - IR Kevin Hostetler - CEO Nipul Patel - CFO Conference Call Participants Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Donovan Schafer - Northland Capital Market Tristan Richardson - Scotiabank Jordan Levy - Trust Securities Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Joe Osha - Guggenheim Partners Jon Windham - UBS Tom Curran - Seaport Global Securities Philip Shen - ROTH MKM Sean Milligan - Janney Operator Greetings and welcome to Array Technologies' Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

After enduring a brutal sell-off in September and October, investors are enjoying a more enjoyable start to November. The S&P 500 closed in the green for five consecutive days for the first time in two years.

Array Technologies' (ARRY) Q3 results are likely to reflect the impacts of increased interest and operating expenses amid its cost-saving initiatives.

Array Technologies, Inc.'s share price has declined slightly due to pessimism around renewable energy, but I believe this pessimism will be short-lived. The company specializes in solar tracking systems, such as the DuraTrack and SmarTrack systems, which enhance efficiency and productivity. Array Technologies has strong earnings with YoY revenue growth of 21% and positive free cash flow, making it an attractive investment opportunity.

ALBUQUERQUE, N.M., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (the “Company” or “Array”) (Nasdaq: ARRY) today announced that the company will release its third quarter 2023 results after the market close on Tuesday, November 7, 2023, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.

Climate change stocks are an important and controversial thematic area for investors. Runaway carbon emissions fears were overstated but net emissions continued to rise overall in 2022.