SEC Form SC 13G/A filed by Array Technologies Inc. (Amendment)
$ARRY
Miscellaneous manufacturing industries
Consumer Discretionary
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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)
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
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
$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
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
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
SC 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SC 13G - Array Technologies, Inc. (0001820721) (Subject)
SC 13G - Array Technologies, Inc. (0001820721) (Subject)