Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is based in Albuquerque, New Mexico.
IPO Year: 2020
Exchange: NASDAQ
Website: arraytechinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/26/2026 | $9.00 | Buy → Hold | Deutsche Bank |
| 2/25/2026 | $19.00 | Neutral → Outperform | BNP Paribas Exane |
| 1/28/2026 | $11.00 | Outperform → Neutral | Robert W. Baird |
| 1/9/2026 | $12.00 | Hold → Buy | TD Cowen |
| 11/10/2025 | $12.00 | Neutral → Buy | Seaport Research Partners |
| 11/6/2025 | $8.00 → $10.00 | Hold | TD Cowen |
| 10/2/2025 | $9.00 | Overweight → Equal Weight | Barclays |
| 9/30/2025 | $11.00 | Outperform | Robert W. Baird |
| 9/30/2025 | $11.00 | Buy | Deutsche Bank |
| 9/12/2025 | $7.00 | Neutral → Underperform | BofA Securities |
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4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
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Deutsche Bank downgraded Array Tech from Buy to Hold and set a new price target of $9.00
BNP Paribas Exane upgraded Array Tech from Neutral to Outperform and set a new price target of $19.00
Robert W. Baird downgraded Array Tech from Outperform to Neutral and set a new price target of $11.00
TD Cowen upgraded Array Tech from Hold to Buy and set a new price target of $12.00
Seaport Research Partners upgraded Array Tech from Neutral to Buy and set a new price target of $12.00
TD Cowen reiterated coverage of Array Tech with a rating of Hold and set a new price target of $10.00 from $8.00 previously
Barclays downgraded Array Tech from Overweight to Equal Weight and set a new price target of $9.00
Robert W. Baird initiated coverage of Array Tech with a rating of Outperform and set a new price target of $11.00
Deutsche Bank initiated coverage of Array Tech with a rating of Buy and set a new price target of $11.00
BofA Securities downgraded Array Tech from Neutral to Underperform and set a new price target of $7.00
10-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
SCHEDULE 13G - Array Technologies, Inc. (0001820721) (Subject)
SCHEDULE 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SCHEDULE 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SCHEDULE 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SCHEDULE 13G - Array Technologies, Inc. (0001820721) (Subject)
10-Q - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Array Technologies, Inc. (0001820721) (Issuer)
5 - Array Technologies, Inc. (0001820721) (Issuer)
5 - Array Technologies, Inc. (0001820721) (Issuer)
5 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
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Achieves 40% Full-Year Revenue Growth, Record Orderbook of $2.2 Billion, Further Expands DuraTrack® Technology to Global Markets and Guides 2026 Revenue to $1.4 Billion to $1.5 Billion 2025 Fourth Quarter Business Highlights Total executed contracts and awarded orders at December 31, 2025 were $2.2 billion(1)Achieved 2x book-to-bill for both total ARRAY and APADuraTrack introduced to global markets to align with customer demand for patented, superior energy performance of wind-stow technology 2025 Fourth Quarter and Full-Year Financial Highlights (in millions, except per share)4Q 2025 FY 2025Revenue$226.0 $1,284.1 Gross margin(2) 8.6% 23.2%Adjusted gross margin(3) 24.5% 27.0%Net loss t
ALBUQUERQUE, N.M., Feb. 23, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced that members of its senior management team are scheduled to participate in the following conference for the investor community. Jefferies Power, Energy, Clean Energy, and Utilities ConferenceAttendees: Kevin Hostetler, CEO and Investor RelationsMarch 3, 2026New York, NY Interested investors should contact their Jefferies sales representatives. Management will be conducting one-on-one and group meetings with investors in att
ALBUQUERQUE, N.M., Feb. 18, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, announced that on February 18, 2026, it has successfully upsized and extended its existing revolving credit facility from $166 million to $370 million. The amended facility extends the maturity of the revolving credit facility by over two years, from October 14, 2028 to February 18, 2031. The amended facility includes up to $250 million available for the issuances of letters of credit. Goldman Sachs Bank USA acted as Lead Arranger and is Adm
ALBUQUERQUE, N.M., Feb. 04, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced that the Company will release its fourth quarter and full year 2025 results after the market closes on Wednesday, February 25, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company's webs
ALBUQUERQUE, N.M., Jan. 06, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced two strategic leadership promotions that reinforce the company's commitment to accelerating growth and advancing product development across global markets. "Darin Green and Nick Strevel have demonstrated exceptional leadership and vision, and we are confident they will continue to deliver outstanding results in their expanded roles," said Kevin G. Hostetler, Chief Executive Officer at ARRAY. "These appointments reflect ARRAY's commitment to accelerate s
ALBUQUERQUE, N.M., Nov. 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced that members of its senior management team are scheduled to participate in the following events for the investor community in November and December. Jefferies Fireside ChatAttendees: Kevin Hostetler, CEO November 19, 2025Virtual UBS Global Technology and AI ConferenceAttendees: H. Keith Jennings, CFO and Investor RelationsDecember 3-4, 2025 Scottsdale, Arizona Interested investors should contact their Jefferies and UBS sales rep
Exceptional momentum continues with year-to-date revenue up 65% and volume up 74% 2025 Third Quarter Highlights Successfully completed acquisition of APA Solar (APA), a leading provider of foundations, fixed-tilt and solar racking solutionsTotal executed contracts and awarded orders at September 30, 2025 were $1.9 billion, excluding APA(2)Revenue of $393.5 million APA contributed revenue of $16.9 million Gross Margin of 26.9%Adjusted gross margin(1) of 28.1%Net income to common shareholders of $18.4 millionAdjusted EBITDA(1) of $72.2 millionNet income per basic and diluted share of $0.12Adjusted net income per diluted share(1) of $0.30 ALBUQUERQUE, N.M., Nov. 05, 2025 (GLO
ALBUQUERQUE, N.M., Oct. 16, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology and fixed-tilt system products, software, services and foundation solutions, today announced that the Company will release its third quarter 2025 results after the market closes on Wednesday, November 5, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company'
ALBUQUERQUE, N.M., Sept. 03, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software, services and foundation solutions, announced today that its DuraTrack® and OmniTrack™ systems have been verified by Intertek to be compatible with 2000-volt (2kV) module-wired systems. This milestone reinforces ARRAY's commitment to delivering forward looking solutions that drive efficiency and cost savings for the solar industry. "With this verification, ARRAY proves again that we are at the forefront of solar innovation," said Aaron Gabelnick, chief strategy and technology officer at ARRAY Technologi
ALBUQUERQUE, N.M., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects, today announced the successful completion of its acquisition of APA Solar ("APA"), a premier solar racking and structural solutions provider. This strategic acquisition strengthens ARRAY's position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry and our customers. "This is a pivotal moment for ARRAY," said Kevin G. Hostetler, chief executive officer at AR
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ALBUQUERQUE, N.M., Aug. 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, software, and services for utility-scale solar energy projects, today announced the successful completion of its acquisition of APA Solar ("APA"), a premier solar racking and structural solutions provider. This strategic acquisition strengthens ARRAY's position as a global leader in renewable energy infrastructure and expands its product portfolio to better serve the evolving needs of the solar industry and our customers. "This is a pivotal moment for ARRAY," said Kevin G. Hostetler, chief executive officer at AR
ALBUQUERQUE, N.M., April 14, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading provider of tracker solutions and services for utility-scale solar energy projects, announced the appointment of Nick Strevel as senior vice president of product management and technical sales, effective today. In this dual leadership role, Strevel will be responsible for driving ARRAY's global product strategy and building a high-performing technical sales function that strengthens ARRAY's relationships with customers and partners worldwide. "Nick brings a rare blend of technical depth, commercial acumen, and international experience that will accelerate ARRAY's i
ALBUQUERQUE, N.M., Jan. 27, 2025 (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 the appointment of Gina Gunning as its new chief legal officer and corporate secretary, effective immediately. Gunning will report directly to ARRAY's chief executive officer, Kevin G. Hostetler, and will relocate to Chandler, Arizona. Gunning joins ARRAY with more than 25 years of legal and compliance experience across global organizations. She is a recognized leader in corporate law, governance, compliance, and risk management, with expertise in structuring complex
ALBUQUERQUE, N.M., Jan. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading provider of tracker solutions and services for utility-scale solar energy projects, has named Darin Green as its chief revenue officer for North America, effective today, January 6. Green will report directly to ARRAY's chief executive officer, Kevin G. Hostetler. Over a career spanning three decades across the renewables and energy sectors, Green has built a track record of driving revenue growth and fostering collaboration between diverse stakeholders to deliver operational excellence. "Darin's expertise in aligning global commercial strategies with customer nee
GIG HARBOR, Wash., Dec. 31, 2024 (GLOBE NEWSWIRE) -- Heritage Distilling Company, Inc. (NASDAQ:CASK) ("HDC" or "Heritage" or "The Company,") a leading craft distiller of innovative premium brands, announced the appointment of Michael P. Carrosino as its Chief Financial Officer (CFO). A veteran finance executive with over 40 years' experience, Mr. Carrosino will be responsible for leading the Company's financial planning and operations, managing liquidity, directing capital planning and guiding capital market transactions to ensure Heritage is well positioned to execute its expansion strategy. Justin Stiefel, Chief Executive Officer of HDC, commented, "We are thrilled to have Michael join
GIG HARBOR, Wash., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Heritage Distilling Company, Inc. ("HDC" or "Heritage") (NASDAQ:CASK), a leading craft distiller of innovative premium brands, announced today two key appointments to its executive leadership and Board of Directors. These include Troy Alstead, a seasoned global executive and former COO of Starbucks Corporation, to its Board of Directors, and Andrew Varga, a leading spirits marketer and advertiser with more than four decades in the adult beverage industry, to lead Heritage's business development initiatives as a strategic consultant and Chief Revenue Officer, as well as to serve as a Director. Founded by Justin and Jennifer Stiefel a
ALBUQUERQUE, N.M., Dec. 03, 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, has named H. Keith Jennings as its chief financial officer, effective January 6, 2025. Jennings will report directly to ARRAY's Chief Executive Officer, Kevin G. Hostetler. With a career spanning over three decades across multiple industries, Jennings brings extensive expertise in corporate finance, risk management, investor relations, and strategic growth initiatives. He has a proven track record of driving mergers and acquisitions, optimizing capital structures, and building end-
ALBUQUERQUE, N.M., Nov. 18, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a global leader in solar tracker solutions, announces the appointment of Leonardo Serpa as general manager, Europe, the Middle East, and Africa (EMEA) and Héctor Sánchez as vice president of sales, EMEA. Both executives bring a wealth of experience to ARRAY's growing operations in Europe, the Middle East, and Africa. Serpa joins ARRAY after serving as chief executive officer at Essentia Energia, where he led negotiations with global solar and wind equipment suppliers. Sánchez was previously the vice president of sales for Soltec Trackers. "Leonardo's track record of driving
ALBUQUERQUE, N.M., June 05, 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, has named Neil Manning as president and chief operating officer. Manning will continue to report directly to Array's chief executive officer, Kevin G. Hostetler. He has previously served as the chief operations officer since January 2023. In addition to continuing his role overseeing Array's integrated supply chain function, Manning will assume end-to-end profit and loss (P&L) responsibility for Array's international operations. He will also lead Array's geographic expansion prioriti
Fusaro joins with over 30 years of experience in the solar, semiconductor and advanced materials industries Founder Devin Dilley will retain the title of President, and assume the role of Chief Product Officer working closely with Fusaro EPC Power, a leading U.S. provider of high-performance, utility-scale, smart inverters for the solar and storage industries, announced today that Jim Fusaro has been appointed by the Board of Directors and assumed the position of Chief Executive Officer effective April 15, 2024. Fusaro brings deep industry and management experience to lead the company through its next stage of growth, furthering its growing international customer base and expansion into
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Achieves 40% Full-Year Revenue Growth, Record Orderbook of $2.2 Billion, Further Expands DuraTrack® Technology to Global Markets and Guides 2026 Revenue to $1.4 Billion to $1.5 Billion 2025 Fourth Quarter Business Highlights Total executed contracts and awarded orders at December 31, 2025 were $2.2 billion(1)Achieved 2x book-to-bill for both total ARRAY and APADuraTrack introduced to global markets to align with customer demand for patented, superior energy performance of wind-stow technology 2025 Fourth Quarter and Full-Year Financial Highlights (in millions, except per share)4Q 2025 FY 2025Revenue$226.0 $1,284.1 Gross margin(2) 8.6% 23.2%Adjusted gross margin(3) 24.5% 27.0%Net loss t
ALBUQUERQUE, N.M., Feb. 04, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology products, software, services and foundation solutions, today announced that the Company will release its fourth quarter and full year 2025 results after the market closes on Wednesday, February 25, 2026, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company's webs
Exceptional momentum continues with year-to-date revenue up 65% and volume up 74% 2025 Third Quarter Highlights Successfully completed acquisition of APA Solar (APA), a leading provider of foundations, fixed-tilt and solar racking solutionsTotal executed contracts and awarded orders at September 30, 2025 were $1.9 billion, excluding APA(2)Revenue of $393.5 million APA contributed revenue of $16.9 million Gross Margin of 26.9%Adjusted gross margin(1) of 28.1%Net income to common shareholders of $18.4 millionAdjusted EBITDA(1) of $72.2 millionNet income per basic and diluted share of $0.12Adjusted net income per diluted share(1) of $0.30 ALBUQUERQUE, N.M., Nov. 05, 2025 (GLO
ALBUQUERQUE, N.M., Oct. 16, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a leading global provider of solar tracking technology and fixed-tilt system products, software, services and foundation solutions, today announced that the Company will release its third quarter 2025 results after the market closes on Wednesday, November 5, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company'
2025 Second Quarter Highlights Revenue of $362.2 millionGross Margin of 26.8%Adjusted gross margin(1) of 27.8%Net income to common shareholders of $28.5 millionAdjusted EBITDA(1) of $63.6 millionNet income per basic and diluted share of $0.19Adjusted net income per diluted share(1) of $0.25Total executed contracts and awarded orders at June 30, 2025 were over $1.8 billion Inclusive of strategic descoping and reconfiguring of low-margin projects associated with legacy fixed-price volume commitment agreement (VCA)Gross book-to-bill approximately 1x Signed definitive purchase agreement to acquire APA Solar, expected to close in the coming weeks(2)Issued $345 million of new convertible
ALBUQUERQUE, N.M., July 17, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its second quarter 2025 results after the market closes on Thursday, August 7, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (866)-682-6100 (domestic) or (862)-298-0702 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company's website at http://ir.arraytechinc.com. A telephonic replay will be available appr
Adds domestically manufactured engineered foundations and fixed-tilt solutions to product portfolio, expanding addressable market by nearly 40% Enables integrated tracker + foundation system to address challenging soil conditions, which does not require specialized equipment to install Expands U.S. manufacturing capabilities with new Ohio manufacturing facility Transaction enterprise value of approximately $179 million represents a multiple of 7.6x APA's trailing 12 months EBITDA excluding 45X credits Expected to be high-single-digit percentage accretive to Adjusted EPS in year one before synergies Closing expected in the third quarter of 2025, subject to regulatory approval and customa
2025 First Quarter Highlights Revenue of $302.4 millionGross Margin of 25.3%Adjusted gross margin(1) of 26.5%Net income to common shareholders of $2.3 millionAdjusted EBITDA(1) of $40.6 millionNet income per basic and diluted share of $0.02Adjusted net income per diluted share(1) of $0.13Total executed contracts and awarded orders at March 31, 2025 were $2.0 billionSuccessfully amended and extended our Revolving Credit Facility(2) ALBUQUERQUE, N.M., May 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ:ARRY) ("ARRAY" or the "Company"), a leading global provider of solar tracking technology products, systems and services, today announced financial results for its first quarter
ALBUQUERQUE, N.M., April 15, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its first quarter 2025 results before the market opens on Tuesday, May 6, 2025, to be followed by a conference call at 8:00 a.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international) and entering the passcode 13752974, or via webcast of the live conference call by logging onto the Investor Relations section of the Company's website at http://ir.arraytechinc.com. A telephonic
Fourth Quarter 2024 Financial Highlights Revenue of $275.2 millionGross Margin of 28.5%Adjusted gross margin(1) of 29.8%Net loss to common shareholders of $(141.2) million Net loss to common shareholders inclusive of $74.0 million non-cash goodwill impairment charge and $91.9 million non-cash long-lived intangible asset write-down associated with the 2022 STI acquisition Adjusted EBITDA(1) of $45.2 millionNet loss per basic and diluted share of $(0.93)Adjusted net income per diluted share(1) of $0.16 Full Year 2024 Financial Highlights Revenue of $915.8 millionGross Margin of 32.5%Adjusted gross margin (1) of 34.1%Net loss to common shareholders of $(296.1) million Net loss to common shar
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