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 |
|---|---|---|---|
| 3/17/2025 | $7.00 | Sector Perform | RBC Capital Mkts |
| 3/7/2025 | $10.00 | Neutral → Buy | Guggenheim |
| 2/28/2025 | Buy → Neutral | Seaport Research Partners | |
| 2/28/2025 | $10.00 → $7.00 | Hold | TD Cowen |
| 2/6/2025 | $9.00 | Underperform → Neutral | Exane BNP Paribas |
| 1/10/2025 | $7.00 | Positive → Neutral | Susquehanna |
| 11/8/2024 | $11.50 → $10.00 | Hold | TD Cowen |
| 11/7/2024 | Buy → Neutral | Guggenheim | |
| 11/7/2024 | $11.00 → $7.00 | Buy → Neutral | BofA Securities |
| 9/4/2024 | $11.00 | Buy | Jefferies |
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RBC Capital Mkts initiated coverage of Array Tech with a rating of Sector Perform and set a new price target of $7.00
Guggenheim upgraded Array Tech from Neutral to Buy and set a new price target of $10.00
Seaport Research Partners downgraded Array Tech from Buy to Neutral
TD Cowen reiterated coverage of Array Tech with a rating of Hold and set a new price target of $7.00 from $10.00 previously
Exane BNP Paribas upgraded Array Tech from Underperform to Neutral and set a new price target of $9.00
Susquehanna downgraded Array Tech from Positive to Neutral and set a new price target of $7.00
TD Cowen reiterated coverage of Array Tech with a rating of Hold and set a new price target of $10.00 from $11.50 previously
Guggenheim downgraded Array Tech from Buy to Neutral
BofA Securities downgraded Array Tech from Buy to Neutral and set a new price target of $7.00 from $11.00 previously
Jefferies resumed coverage of Array Tech with a rating of Buy and set a new price target of $11.00
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - Array Technologies, Inc. (0001820721) (Issuer)
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8-K - Array Technologies, Inc. (0001820721) (Filer)
SCHEDULE 13G - Array Technologies, Inc. (0001820721) (Subject)
SCHEDULE 13G/A - Array Technologies, Inc. (0001820721) (Subject)
10-Q - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
SCHEDULE 13G - Array Technologies, Inc. (0001820721) (Subject)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - 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)
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)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4/A - Array Technologies, Inc. (0001820721) (Issuer)
4/A - Array Technologies, Inc. (0001820721) (Issuer)
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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., Aug. 12, 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 its attendance at the following upcoming investor events: Citi's 2025 Natural Resources Conference August 14, 2025 in Las VegasARRAY's CFO, H. Keith Jennings, will host in-person investor meetings. Interested investors should contact their Citi sales representative. Barclays 39th Annual Energy-Power Conference September 2, 2025 in New YorkARRAY's CEO, Kevin Hostetler, and CFO, H. Keith Jennings will host in-person investor meetings. Interested investors should contact their
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., Aug. 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 it will supply trackers for a 200 megawatt (MWac) solar project that meet 100% of the domestic content Assigned Cost Percentage (ACP) under the U.S. Treasury Department's latest guidance (Notice 2025-08) issued in January 2025. The domestic content trackers will be supplied to the Emerald Green Solar project in Indiana, which is being developed by ENGIE North America (ENGIE). "This milestone underscores ARRAY's commitment to American manufacturing and to helping our customer
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
$345 million raised; approximately $334 million of net proceeds$233 million of term loan outstanding balance to be repaid with proceeds$78 million of proceeds used to repurchase $100 million principal of 1.00% Convertible Senior Notes due 2028$35 million of proceeds used to acquire Capped Calls elevating conversion price to $12.74 per share ALBUQUERQUE, N.M., June 27, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ:ARRY) (the "Company" or "ARRAY") today announced the closing of its previously announced private offering of $345 million aggregate principal amount of its 2.875% convertible senior notes due July 2031 (the "Notes"). The Notes were sold in a private offering only to p
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ:ARRY) (the "Company" or "ARRAY") today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). ARRAY has also granted the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $45 million in agg
ALBUQUERQUE, N.M., June 24, 2025 (GLOBE NEWSWIRE) -- Array Technologies, Inc. (NASDAQ:ARRY) (the "Company" or "ARRAY") today announced that, subject to market conditions, it intends to offer $250 million in aggregate principal amount of convertible senior notes due 2031 (the "Notes") in a private placement (the "Offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). ARRAY also intends to grant the initial purchasers of the Notes an option to purchase, for settlement within a 13-day period from, and including the date on which the Notes are first issued, up to an additional $37.5
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
Investment bolsters Silicon Ranch's agribusiness and land stewardship program while enabling Swap Robotics to expand operations and product development across the solar sector Silicon Ranch, the developer, owner, and operator of one of the nation's largest fleets of solar facilities, today announced a strategic investment in Swap Robotics, a pioneer in utility-scale solar robotic operations through its leading solar robotics platform. As part of the investment, Silicon Ranch Co-Founder and CEO Reagan Farr will join the board of directors at Swap Robotics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603758445/en/ Silicon
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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
ALBUQUERQUE, N.M., Feb. 06, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the "Company" or "ARRAY") (NASDAQ:ARRY) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 27, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13750627. The replay
Third Quarter 2024 Highlights Revenue of $231.4 millionGross Margin of 33.8%Adjusted gross margin of 35.4%(1)Net loss to common shareholders of $(155.4) million Net loss to common shareholders inclusive of $162 million non-cash goodwill impairment charge associated with the 2022 STI acquisition Adjusted EBITDA(1) of $46.7 millionBasic and diluted net loss per share of $(1.02)Adjusted diluted net income per share(1) of $0.17 ALBUQUERQUE, N.M., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a global leader in utility-scale solar tracking, today announced financial results for its third quarter ended September 30, 2024. "ARRAY had another imp
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. The conference call can be accessed live over the phone by dialing (877)-869-3847 (domestic) or (201)-689-8261 (international). A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853, or for international callers, (201)-612-7415. The passcode for the live call and the replay is 13748999. The replay will be avai
Second Quarter 2024 Highlights Revenue of $255.8 millionGross Margin of 33.6%Adjusted gross margin of 35.0%(1)Net income to common shareholders of $12.0 millionAdjusted EBITDA(1) of $55.4 millionBasic and diluted net income per share of $0.08Adjusted 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. "We finished the second quarter with strong performance and execution and are pleased with the continued demand we're
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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