Array Technologies(ARRY)
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Array Technologies Inc:项目延误导致2024财年指引大幅下调
海通国际· 2024-08-09 05:31
[Table_Title] 研究报告 Research Report 9 Aug 2024 阵列技术 Array Technologies (ARRY US) 项目延误导致 2024 财年指引大幅下调 Scott Darling Axel Leven scott.darling@htisec.com axel.leven@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] 事件 尽管由于收入强于预期且运营费用下降, Array 公布的 GAAP 净收入为 1200 万美元,而普遍预期的亏损为 180 万美 元,但我们预计市场对其 2024 年第二季度业绩持负面态度。原因是由于客户项目延迟,该公司已大幅下调了 2024 财年预期,并预计第三季度收入远低于普遍预期。虽然我们对 Array 持乐观态度,但我们对项目延迟不会持续到明 年和 2026 年的信心越来越有限。 点评 2024 财年指引下调约 30-40%:该公司已大幅下调其 2024 财年收入指引至 9 亿至 10 亿美元(之前为 12.5-14 亿美 元,而市场普遍预期为约 13 亿 ...
Array Technologies, Inc. (ARRY) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-08 22:25
Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of 250%.Over the last four quarters, the compa ...
Array Technologies(ARRY) - 2024 Q2 - Quarterly Report
2024-08-08 21:24
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 June 30, 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) | --- | --- | --- | --- | |------ ...
Array Technologies(ARRY) - 2024 Q2 - Quarterly Results
2024-08-08 20:34
August 8, 2024 Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength Second Quarter 2024 Highlights • Revenue of $255.8 million • Gross Margin of 33.6% • Adjusted gross margin of 35.0% • Net income to common shareholders of $12.0 million • Adjusted EBITDA of $55.4 million • Basic and diluted net income per share of $0.08 • Adjusted diluted net income per share of $0.20 (1) (1) (1) ALBUQUERQUE, NM — (GLOBE NEWSWIRE) — Array ...
Array Technologies, Inc. Reports Financial Results for the Second Quarter 2024 – Delivers strong results on continued gross margin strength
GlobeNewswire News Room· 2024-08-08 20:04
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 annou ...
Array Unveils SkyLink Tracker System to Maximize Solar Efficiency in Extreme Weather & Reduce Costs
Newsfilter· 2024-08-07 12:45
ALBUQUERQUE, N.M., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ:ARRY) ("Array" or the "Company"), a global leader in utility-scale solar tracking solutions, announced the launch of SkyLink, a revolutionary PV-powered wireless tracker system that builds on the capabilities of DuraTrack® and OmniTrack™️ offerings. Array DuraTrack with SkyLink™️ and Array OmniTrack with SkyLink™️ uphold the key benefits of Array trackers that our customers depend on with added flexibility and optimization. New ...
Array Unveils SkyLink Tracker System to Maximize Solar Efficiency in Extreme Weather & Reduce Costs
GlobeNewswire News Room· 2024-08-07 12:45
ALBUQUERQUE, N.M., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a global leader in utility-scale solar tracking solutions, announced the launch of SkyLink, a revolutionary PV-powered wireless tracker system that builds on the capabilities of DuraTrack® and OmniTrack™️ offerings. Array DuraTrack with SkyLink™️ and Array OmniTrack with SkyLink™️ uphold the key benefits of Array trackers that our customers depend on with added flexibility and optimization. New ...
Array Technologies, Inc. (ARRY) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
ZACKS· 2024-08-01 15:06
Array Technologies, Inc. (ARRY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers are bette ...
3 Solar Stocks That Could Make Your Summer Unforgettable
Investor Place· 2024-07-31 18:39
Solar stocks are on every investor’s mind in the run-up to the 2024 election on Nov. 5. Before the election, investors and experts are looking for policy measures to sustain the secular increase in solar adoption and associated stocks in the process.Low prices, technical innovations, and government policies that support solar power are driving the worldwide solar power industry. This market will be worth $273 billion in 2024 and possibly increase to roughly $436 billion by 2032.The Inflation Reduction Act i ...
Array Technologies, Inc. (ARRY) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-07-26 23:21
The most recent trading session ended with Array Technologies, Inc. (ARRY) standing at $11.22, reflecting a +0.54% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 1.11%. Elsewhere, the Dow gained 1.64%, while the tech-heavy Nasdaq added 1.03%.Coming into today, shares of the company had gained 5.28% in the past month. In that same time, the Oils-Energy sector lost 10.8%, while the S&P 500 lost 1.16%.The investment community will be closely monit ...