Core Insights - ARRAY Technologies has appointed Darin Green as the Chief Revenue Officer for North America, effective January 6, 2025, to enhance its revenue-generating activities and market presence in the renewable energy sector [1][5] - Green brings over 30 years of experience in the renewables and energy sectors, with a strong focus on driving revenue growth and operational excellence [1] - His previous role was at First Solar, where he held senior leadership positions and was instrumental in developing global supply-demand strategies and launching distributed generation businesses [1] Company Overview - ARRAY Technologies is a leading global renewable energy company specializing in utility-scale solar tracking technology, designed to maximize energy production and support sustainable energy adoption [2] - The company is headquartered in the United States and relies on a diversified global supply chain and customer-centric approach to deliver solar energy solutions worldwide [2]

Core Viewpoint - ARRAY Technologies has appointed Darin Green as the chief revenue officer for North America, effective January 6, 2025, to drive revenue growth and enhance market presence in the renewable energy sector [1][3]. Company Overview - ARRAY Technologies is a leading global renewable energy company specializing in utility-scale solar tracking technology, designed to maximize energy production and support sustainable energy adoption [6]. Leadership Appointment - Darin Green brings over three decades of experience in the renewables and energy sectors, with a proven track record in revenue growth and stakeholder collaboration [2]. - As chief revenue officer, Green will oversee North America's revenue-generating activities, focusing on sales, business development, and strategic partnerships [3]. - Green previously held senior leadership roles at First Solar, where he was instrumental in global supply-demand balancing strategies and revenue growth through innovative business models [4]. Strategic Focus - Green aims to strengthen ARRAY's commercial capabilities and enhance its market presence while driving sustainable growth [4]. - The company emphasizes a customer-centric approach and relies on a diversified global supply chain to support solar energy developments worldwide [6].

Core Viewpoint - Medicus Pharma Ltd. has received Minor Use in Major Species (MUMS) designation from the FDA for its Doxorubicin-Containing Microneedle Array (D-MNA) patch aimed at treating external Squamous Cell Carcinoma (SCC) in horses, which positions the company for a potential first mover advantage in a niche market [2][3][4]. Company Overview - Medicus Pharma Ltd. is a biotech/life sciences company focused on advancing clinical development programs for novel therapeutics [9]. - The company’s D-MNA patch is a patent-protected, dissolvable transdermal patch that delivers doxorubicin directly to tumors [5]. Product Development - The FDA granted MUMS designation on December 9, 2024, allowing the company an extended 7-year exclusive marketing period post-approval [3][4]. - The D-MNA patch is designed to penetrate the skin, create microchannels, and release doxorubicin to target and eradicate cancer cells [5]. Market Opportunity - Squamous Cell Carcinoma (SCC) is a common skin tumor in horses, with an incidence rate of 2-3% among the estimated 6.6 to 7.25 million horses in the U.S. [6]. - The company aims to address an untapped market opportunity with a non-invasive treatment for equine SCC, potentially leading to a commercially viable product by 2026 [5]. Current Treatment Landscape - Current treatments for SCC in horses include surgical removal, cryotherapy, local chemotherapy injections, and topical chemotherapeutic drugs [7].

Core Insights - ARRAY Technologies has successfully deployed over 6GW of solar projects in North America through its partnership with RP Construction Services, a leading distributor of solar construction materials [1][7] - The collaboration between ARRAY and RP has been ongoing since 2009, focusing on enhancing renewable energy adoption and supporting local economies [2][3] - ARRAY's CEO emphasized the importance of this partnership in driving clean energy transformation and accelerating solar adoption across the continent [3] Company Overview - ARRAY Technologies is a global leader in renewable energy, specializing in utility-scale solar tracking technology designed to maximize energy production [6] - The company utilizes a diversified global supply chain and a customer-centric approach to support solar energy developments worldwide [6] - RP Construction Services is recognized as the leading value-added distributor of utility-scale solar equipment in the U.S., providing comprehensive project enablement services [7] Partnership Dynamics - The partnership between ARRAY and RP has enabled hundreds of solar projects across the United States, with expectations for continued growth due to rising electricity demand [3][4] - RP supports ARRAY's tracker products with design solutions, inventory management, logistics, and post-installation services [3][4] - The collaboration aims to simplify solar deployment and enhance the performance of solar tracking solutions for developers and EPCs [7]

Core Insights - ARRAY Technologies has appointed H. Keith Jennings as the new Chief Financial Officer, effective January 6, 2025, reporting directly to CEO Kevin G. Hostetler [1][3]. Company Overview - ARRAY Technologies is a leading provider of tracker solutions and services for utility-scale solar energy projects, focusing on maximizing energy production and accelerating the adoption of sustainable energy [6]. Leadership Experience - Jennings has over three decades of experience in corporate finance, risk management, and strategic growth initiatives, with a proven track record in mergers and acquisitions and optimizing capital structures [2][4]. - Prior to joining ARRAY, Jennings served as CFO at Weatherford International, where he played a key role in the company's post-bankruptcy transformation and debt restructuring [4]. Strategic Goals - Jennings is expected to enhance operational efficiency, optimize capital investments, and lead strategic initiatives to expand ARRAY's global footprint and reinforce its leadership in renewable energy innovation [3][4].

Core Insights - ARRAY Technologies has appointed Leonardo Serpa as general manager for EMEA and Héctor Sánchez as vice president of sales for the same region, aiming to enhance its operations in Europe, the Middle East, and Africa [1][3]. Leadership Background - Leonardo Serpa previously served as CEO at Essentia Energia, where he negotiated with global solar and wind equipment suppliers, and has held leadership roles at Engie Solutions and ABB Ltd. He holds a Ph.D. in electrical engineering and an executive MBA [2][3]. - Héctor Sánchez has a strong sales leadership background in the solar tracker industry, having been the vice president of sales for Soltec Trackers, and will focus on building a robust sales organization in EMEA [2][4]. Strategic Goals - The leadership of Serpa and Sánchez is expected to drive growth and deepen ARRAY's commitment to clients in the EMEA region, aligning with the company's mission to provide innovative solar solutions [3][4]. Company Overview - ARRAY Technologies is a leading global renewable energy company specializing in utility-scale solar tracking technology, designed to maximize energy production and support sustainable energy adoption [5].

Investment Rating - The report has downgraded the fiscal year 2024 guidance for Array Technologies, maintaining a revenue guidance of $900 million to $920 million, which is below the consensus of $958 million [2][3] Core Insights - Array Technologies reported a slight improvement in adjusted EBITDA due to robust cost management, despite a negative market reaction expected for Q2 2024 performance [2] - The company expressed confidence in achieving double-digit revenue growth in fiscal year 2025, while reiterating concerns regarding licensing, interconnection, and project delays [2][3] Summary by Sections Fiscal Year 2024 Guidance - The company has slightly lowered its fiscal year 2024 revenue guidance to $900 million - $920 million, with adjusted EBITDA guidance of $170 million - $180 million, and adjusted EPS guidance of $0.60 - $0.65, maintaining a gross margin guidance of 34% [2][3] Performance Analysis - For Q3 2024, Array reported revenues of $231 million, a 10% decrease quarter-over-quarter and a 34% decrease year-over-year, with a gross profit margin of 34% [5] - The company highlighted a healthy order backlog of $2 billion, with 80% of orders expected to be delivered by the end of fiscal year 2025 [3] Cost Management - Array Technologies demonstrated strong cost management, achieving a gross margin of 35.4% in Q3 2024, up from 33.6% in Q2 2024 [3][5] - The company reported a non-cash goodwill impairment of $162 million related to the STI transaction [3]

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 Partners Dimple Gosai - Bank of America Joe Osha - Guggenheim Partners Vikram Bagri - Citigroup Kashy Harrison - Piper ...

Array Technologies, Inc. (ARRY) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.43%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.20, delivering a surprise of 100%.Over the last four quarters, the c ...

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 September 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) Delaware 83-2747826 | --- | ...