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 ...

ALBUQUERQUE, N.M., May 06, 2024 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ:ARRY), a leading provider of solar tracking solutions, confirmed in a new study that its safe, passive wind stow solution can significantly optimize energy production. Array collaborated with DNV Energy USA (DNV) to publish a comprehensive report titled "Energy Impact of Different Solar Tracker Wind Stow Strategies," outlining the benefits of safe, passive wind stow technology in solar farms. The analysis focused on evaluating th ...

Investors with an interest in Solar stocks have likely encountered both Array Technologies, Inc. (ARRY) and Enphase Energy (ENPH) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision tr ...

ALBUQUERQUE, N.M., April 26, 2024 (GLOBE NEWSWIRE) -- U.S. Secretary of Energy Jennifer Granholm, U.S. Senators Martin Heinrich and Ben Ray Luján, Albuquerque Mayor Tim Keller, and Bernalillo County Commission Chair Barbara Baca joined today with Array Technologies (NASDAQ:ARRY) to announce the groundbreaking of a new $50+ million manufacturing campus in Bernalillo County, New Mexico. The facility marks a significant investment in the region's clean energy future and underscores Array's commitment to foster ...

Tesla's layoffs and higher interest rates combined to make a rough week for EV and renewable stocks.The electric vehicle (EV) and renewable energy market took a nosedive this week and it seemed everyone was affected. Part of the drop was due to Tesla's (TSLA -1.87%) layoffs announced earlier this week, but part was because investors think the market is overvalued if interest rates are going to stay elevated for the foreseeable future.According to data provided by S&P Global Market Intelligence, Polestar Aut ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Array Technologies, Inc. (ARRY) . This company, which is in the Zacks Solar industry, shows potential for another earnings beat.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 90.91%, on average, in the last two quarters.For t ...

The future is green. As the government and companies continue to prioritize renewable energy and its uses worldwide, so should investors. In addition to investing with morals, investing in renewable energy exposes investors to one of the most potent and high growing fields. With a CAGR of nearly 10% in the next nine years, investing in renewable energy is investing in one of the highest growing industries. Below are three of the most undervalued renewable energy stocks to buy in April.Array Technologies (AR ...

The solar industry will be a long-term beneficiary of the energy transition that’s happening throughout the world. Governments are flooding the sector with money and will need to continue investing in the sector. That’s one reason why it’s a good time to consider the best solar stocks to buy.  According to data from the Solar Energy Industries Association, the U.S. solar market reported a 51% increase in gigawatts direct current (GWdc) of capacity. The 32.4 GWdc of capacity was the first time the industry e ...