November 7, 2024 ARRAY Technologies, Inc. Reports Financial Results for the Third Quarter 2024 – Delivers exceptional gross margin growth and continued operational momentum Third Quarter 2024 Highlights • Revenue of $231.4 million • Gross Margin of 33.8% • Adjusted gross margin of 35.4% • 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 of $46.7 millio ...

Nuclear energy news helped solar energy for once.Shares of solar energy stocks jumped across the board on Monday, which happens to be a day before the U.S. presidential election. Of course, election speculation played a role in the move, but it's also not the only reason it happened, which I'll get to.Shares of Sunnova Energy (NOVA 14.31%) jumped as much as 15% today, Array Technologies (ARRY 12.09%) was up 15.4%, and Sunrun (RUN 8.94%) popped 10.7%. The stocks were up 11.3%, 14.2%, and 8.6% respectively at ...

Nationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer.....Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during ...

Array Technologies (NASDAQ: ARRY ), a specialist in utility-scale solar tracking technology, is a name we’ve covered a couple of times now. We last wrote about ARRY at the turn of 2024, and back then, whilst we did spot some greenAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation fo ...

Northrop Grumman Corp.’s (NOC) business unit, Northrop Grumman Systems, recently secured a modification contract to supply active electronically scanned array (AESA) radars for the U.S. Air Force’s F-16 aircraft fleet. The award has been offered by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.Details of the DealValued at $30 million, this contract is projected to be completed by May 30, 2031. Work related to this deal will be executed in Linthicum Heights, MD. The latest m ...

Solar stocks have seen quite a rebound this week following Tuesday’s presidential debate in which democratic nominee Kamala Harris emphasized building out alternative energy assets.Despite attractive stocks such as First Solar (FSLR) , Sunrun (RUN) , and Array Technologies (ARRY) , the Zacks Solar Industry is in the bottom 43% of over 250 Zacks industries. With the production and usage of solar energy still somewhat in the beginning stages of its development, the industry has struggled amid a high inflation ...

Array Technologies, Inc. (ARRY) closed the most recent trading day at $6.68, moving +1.21% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%.Shares of the company witnessed a gain of 0.15% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.12% and underperforming the S&P 500's gain of 4.03%.The investment community will be paying close at ...

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 e ...

ALBUQUERQUE, N.M., Sept. 09, 2024 (GLOBE NEWSWIRE) -- ARRAY Technologies (NASDAQ: ARRY) (“ARRAY” or the “Company”), a global leader in utility-scale solar tracking, is proud to announce the development of 77-degree stow capabilities for its tracker systems, the steepest stow angle for protective hail stow on the planet. This advanced tracker will offer unprecedented flexibility and protection from both hail and wind, further solidifying ARRAY’s leadership in extreme weather solutions for the solar industry. ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Array Technologies (ARRY) is a manufacturer of ground-mounting systems used in solar energy projects. The Zacks Consensus Estimate for its current year earnings has been revised 25.7% downward over the last 60 days.Black Stone Minerals (BSM) is the owner of oil and natural gas mineral primarily in the United States. The Zacks Consensus Estimate for its current year earnings has been revised almost 10.9% downward over the last 60 days. ...