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 ...

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 integrate ...

2023 was a very tough year for solar stocks overall. The Federal Reserve’s decision to hike interest rates several times made borrowing much more expensive, resulting in lower profitability for solar firms. Solar ETF performance was pretty dismal overall with some stunning losses.2024 began with the expectation of a turnaround on hopes for interest rate cuts. Those cuts have yet to materialize but solar stocks are staging something of a comeback. That comeback has been catalyzed not by cuts but instead by n ...

Investors, weary of volatility due to economic uncertainty and geopolitical tensions, have been seeking stability and growth potential in their stocks. When it comes to portfolio performance, stocks with analyst upgrades can be important as endorsements by brokers.When analysts raise their ratings, the move signals increased confidence in the company’s future prospects. This newfound optimism can attract more investors to the stock, driving up demand and potentially pushing the price higher. Therefore, we n ...

Array Technologies, Inc. (NASDAQ:ARRY) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Sarah Sheppard - Investor Relations Kevin Hostetler - Chief Executive Officer Kurt Wood - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Christine Cho - Barclays Brian Lee - Goldman Sachs Joe Osha - Guggenheim Partners Jordan Levy - Triust Securities Kashy Harrison - Piper Sandler Vikram Bagri - Citi Dushyant Ailani - Jefferies Philip Shen - ROTH MKM Maheep Mandlo ...

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 250%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.21, delivering a surprise of 90.91%.Over the last four quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39613 ARRAY TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 83-2747826 | --- | --- ...

May 9, 2024 Array Technologies 1Q 2024 Earnings Call 0 Disclaimer Forward-Looking Statements and Other Information ...

May 9, 2024 Array Technologies, Inc. Reports Financial Results for the First Quarter 2024 – Achieves record gross margin and $2.1 billion of executed contracts and awarded orders First Quarter 2024 Highlights • Revenue of $153.4 million • Gross Margin of 35.9% • Adjusted gross margin of 38.3% • Net loss to common shareholders of $11.3 million • Adjusted EBITDA of $26.2 million • Basic and diluted net loss per share of $0.07 • Adjusted diluted net income per share of $0.06 (1) (1) (1) ALBUQUERQUE, NM — (GLOB ...

First Quarter 2024 Highlights Revenue of $153.4 millionGross Margin of 35.9%Adjusted gross margin of 38.3%(1)Net loss to common shareholders of $11.3 millionAdjusted EBITDA(1) of $26.2 millionBasic and diluted net loss per share of $0.07Adjusted diluted net income per share(1) of $0.06 ALBUQUERQUE, N.M., May 09, 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 fi ...