Array Technologies Inc Stock News

Array Technologies, Inc. (NASDAQ:ARRY ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Sarah Sheppard - IR Kevin Hostetler - CEO Neil Manning - President and COO Kurt Wood - CFO James Zhu - CAO Conference Call Participants Julien Dumoulin-Smith - Jefferies Brian Lee - Goldman Sachs Jordan Levy - Truist Securities Jon Windham - UBS Philip Shen - ROTH Capital Pa...

Third Quarter 2024 Highlights Revenue of $231.4 million Gross 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 million Basic and diluted net loss per share of $(1.02) Adjusted dilut...

Nuclear energy news helped solar energy for once.

Array Technologies is undervalued due to fears of potential tax-policy changes for the solar industry if Republicans sweep the 2024 election, alongside overly aggressive short-selling efforts. U.S. demand for renewable electricity sources is expected to grow due to increasing EV adoption and AI datacenter expansion, despite political uncertainties. A surprise Democratic win could boost solar st...

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.

Array Technologies, noted for its expertise in integrated solar tracking solutions, has seen its share price get decimated this year by over 60%. ARRY's long-term prospects remain strong despite short-term challenges, with the US solar capacity expected to grow significantly, with 737GW of new capacity expected to come on board through 2035. ARRY offers a more compelling FCF yield than close pe...

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.

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