Array Tech downgraded by Guggenheim
$ARRY
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Guggenheim downgraded Array Tech from Buy to Neutral
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| 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 |
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
SD - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
SCHEDULE 13G/A - Array Technologies, Inc. (0001820721) (Subject)
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., 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. Hail XP builds on ARRAY's proven DuraTrack® platform with a new level of reliability engineered specifically for hail-prone regions. Developed with direct input from customers, insurers, and industry partners, Hail XP is purpose-built to address one of the most pressing challenges facing solar projects today: severe weather risk. With industry-leading protective stow ang
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., 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. This advancement brings algorithm training and optimization tools, already proven on the DuraTrack® platform, to H250 installations across Europe and other global markets. "Our H250 tracker has long been a trusted solution in markets with challenging site conditions, and the addition of SmarTrack Backtracking and Diffuse takes its pe
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
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
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
SC 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SC 13G - Array Technologies, Inc. (0001820721) (Subject)
SC 13G - Array Technologies, Inc. (0001820721) (Subject)