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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 8/9/2024 | $16.50 → $11.50 | Hold | TD Cowen |
| 8/9/2024 | $20.00 → $8.00 | Buy → Neutral | ROTH MKM |
| 7/12/2024 | $17.00 → $14.00 | Neutral → Buy | Citigroup |
| 6/28/2024 | $14.00 | Positive | Susquehanna |
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
SC 13G - Array Technologies, Inc. (0001820721) (Subject)
SC 13G/A - Array Technologies, Inc. (0001820721) (Subject)
SC 13G - Array Technologies, Inc. (0001820721) (Subject)
During the last three months, 11 analysts shared their evaluations of Array Technologies (NASDAQ:ARRY), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 4 0 0 Last 30D 0 1 0 0 0 1M Ago 1 2 0 0 0 2M Ago 0 0 2 0 0 3M Ago 1 2 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $17.36, a high estimate of $27.00, and a low estimate of $14.00. A negative shift
JP Morgan analyst Paul Coster maintains Array Technologies (NASDAQ:ARRY) with a Overweight and lowers the price target from $29 to $27.
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
10-Q - Array Technologies, Inc. (0001820721) (Filer)
8-K - Array Technologies, Inc. (0001820721) (Filer)
8-K/A - Array Technologies, Inc. (0001820721) (Filer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
4 - Array Technologies, Inc. (0001820721) (Issuer)
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
ALBUQUERQUE, N.M., Dec. 06, 2023 (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 Jessica Lawrence-Vaca as senior vice president, policy and external affairs. Lawrence-Vaca will report directly to Array's CEO, Kevin G. Hostetler. As a seasoned executive with more than 20 years of solar and government affairs experience, Lawrence‑Vaca will oversee all aspects of engagement with government officials to shape policy, drive brand awareness to propel growth and execute Array's sustainability strategy. She will also play a critical role in expanding Array's inv
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
ALBUQUERQUE, N.M., Sept. 10, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ:ARRY) ("ARRAY" or the "Company"), a global leader in utility-scale solar tracking, today announced the launch of a groundbreaking reusable packaging solution designed to replace traditional cardboard boxes with durable, reusable plastic casing. This innovative packaging is set to significantly reduce waste and contribute to the sustainability goals of ARRAY's customers. The new reusable bulk packaging is designed to maximize efficiency, allowing for the transportation of more tracker components per bulk compared to traditional cardboard packaging. This improvement allows more material to be shipped in each pa